Explore terms and abbreviations used on Veax.
The total fees collected by the liquidity provider (LP) from trades in a liquidity pool.
The unique identifier for a user's account on Veax.
The fee level currently in use by the liquidity provider (LP) in a liquidity pool.
Automated Market Maker (AMM)
A type of decentralized exchange (DEX) that uses an algorithm to set the price of tokens based on the ratio of their supply.
The lowest price at which a seller is willing to sell an asset.
The fee paid by a trader for executing a trade at the ask price.
A feature on Veax where users can bid on unique, rare, and collectible tokens.
Average Daily Fee
The average fee collected by the liquidity provider (LP) in a liquidity pool over the course of a day.
The amount of a specific token held by a user in their Veax account.
The highest price at which a buyer is willing to buy an asset.
The fee paid by a trader for executing a trade at the bid price.
The fee paid to miners or validators for processing a transaction on a blockchain.
A mechanism for transferring tokens between different blockchains.
A token that has been transferred from one blockchain to another using a bridge.
Burn or burned
The process of permanently removing tokens from circulation.
Centralized Exchange (CEX)
A traditional exchange that is owned and operated by a centralized authority.
A feature on Veax that allows liquidity providers (LPs) to concentrate their liquidity at specific price points.
A decentralized autonomous organization; a type of organization that operates through rules encoded as computer programs on a blockchain.
Decentralized Exchange (DEX)
An exchange that operates on a blockchain and is not controlled by a centralized authority.
The rate at which new tokens are released into circulation.
A pool of tokens that is used to facilitate trading on a decentralized exchange (DEX).
The price at which one token can be exchanged for another.
The actual price paid by a trader after accounting for slippage and fees.
The total value locked (TVL) in a liquidity pool after accounting for concentrated liquidity.
Estimated Swap Fee
The fee estimated by Veax for executing a swap.
Estimated Transaction Cost
The estimated cost of executing a transaction on Veax.
A type of swap that allows traders to specify the exact amount of input tokens they want to trade.
A type of swap that allows traders to specify the exact amount of output tokens they want to receive.
Government-issued currency that is not backed by a physical commodity.
The fee rate charged by a liquidity pool on Veax.
A reward paid to liquidity providers (LPs) for providing liquidity to a pool.
The practice of executing trades before other traders in order to take advantage of price movements.
A token that is interchangeable with other tokens of the same type and value.
The fee paid for the computational work required to process a transaction on a blockchain.
The process of making decisions about the direction and operation of a decentralized autonomous organization (DAO).
Impermanent Loss (IL)
A loss that occurs when a liquidity provider (LP) removes liquidity
The process of bringing data from one system into another.
A tool used to store and search large amounts of data.
The process of verifying the identity of a customer to prevent fraud.
The act of staking tokens for a period of time to earn rewards.
An order to buy or sell a specific amount of an asset at a specified price.
The degree to which an asset can be bought or sold in the market without affecting the asset's price.
The amount of liquidity currently available for a particular asset or market.
The process of optimizing the amount of liquidity in a market or pool.
The process of earning rewards for providing liquidity to a market or pool.
The situation where the amount of liquidity in a market or pool exceeds the demand.
A collection of funds provided by liquidity providers that are used to facilitate trades.
An individual or entity that provides liquidity to a market or pool.
The amount of liquidity an individual or entity has provided to a market or pool.
Liquidity Provider Token (LP)
A token that represents a liquidity provider's share in a liquidity pool.
A place where buyers and sellers come together to trade assets.
The ability of a market to handle large orders without affecting the price of an asset.
An individual or entity that provides liquidity to a market by placing buy and sell orders.
An average of fees weighted by spot liquidity on all fee levels.
Minimum Received After Slippage
The minimum amount of an asset a trader will receive after slippage.
The process of creating new tokens.
Multiple Fee Level Pool (MFL)
A liquidity pool with multiple fee levels.
Non-Fungible Token (NFT)
A unique token that represents a digital asset.
Refers to data or processes that are not recorded on a blockchain.
The process of exchanging cryptocurrency for fiat currency.
Refers to data or processes that are recorded on a blockchain.
The process of exchanging fiat currency for cryptocurrency.
A record of buy and sell orders for a particular asset or market.
A market for buying and selling assets that are not listed on an exchange.
A small percentage of the trading volume on the liquidity pool that is charged to the trader (swapper) as compensation for providing liquidity. The fee is then paid as a reward to the LPs whose liquidity is used for the swap. The fee is distributed between LPs proportionally to the amount of contributed liquidity.
A token that has a high trading volume.
A visual representation of the price of an asset over time.
The range of prices at which an asset is currently trading.
A set of rules and standards that govern the behavior of participants in a network.
A fee charged for using a network or protocol.
The effect of a trade on the price of an asset.
The difference between the highest and lowest prices at which an asset is traded over a given period.
The smallest increment in price at which an asset is traded.
The range of prices at which an asset is currently trading.
An order to buy or sell an asset at a specified price range.
The amount of funds available in a liquidity pool.
The process of selecting the best path for a trade to be executed.
Slippage is the difference between the expected price of a trade and the actual price at which the trade is executed. Slippage can occur when there is a lack of liquidity or when the market is volatile.
Slippage tolerance refers to the maximum percentage difference between the expected price and the actual price that a user is willing to accept when executing a trade. ON Veax, you can set Slippage tolerance and thus manage the border of the acceptable price alteration. If the price remains within the established limit—for example, 1% of the initial deal—the transaction is completed. If the price goes beyond the established border, the transaction is not executed, and the swap fails.
A smart contract is a self-executing contract with the terms of the agreement between buyer and seller being directly written into lines of code. The code and the agreements contained therein exist on a decentralized blockchain network.
Smart routing refers to the ability of a trading system to automatically route orders to different liquidity sources, in order to achieve the best possible execution for the user.
Smart Trading Lib
Smart Trading Lib is a collection of smart contracts that enable the creation and management of on-chain limit orders with minimal transaction costs.
The spot price, also known as the exchange rate, is the current market price of a given asset.
Spot liquidity refers to the liquidity available on the exchange at the current market price.
A stablecoin is a type of cryptocurrency that is designed to maintain a stable value relative to another asset or currency, such as the U.S. dollar.
A storage fee is a fee charged for holding a token in a wallet or storage facility for a certain period of time.
A swap is a transaction in which two parties agree to exchange a specified amount of one asset for another asset at an agreed upon price.
The swap price is an estimated price of a token in a specific swap, taking into account the amount of liquidity available in the pool and other factors.
Swap Price Impact
Swap price impact is the amount that the price of a token changes as a result of executing a swap transaction.
A swap step is a step in a multi-step swap transaction.
A token is a unit of value created on a blockchain network that represents a certain asset or utility.
A token holder is a person or entity that holds tokens on a blockchain network.
A tick is the smallest possible price movement of an asset.
A ticker is a symbol or code used to represent a certain asset on an exchange or trading platform.
Total Volume Locked (TVL)
Total volume locked (TVL) is a measure of the total value of assets that are locked in a particular DeFi protocol or smart contract.
A trader is a person or entity that buys and sells assets on an exchange or trading platform.
A trading pair is a pair of assets that can be traded against each other on an exchange or trading platform.
Trading volume refers to the total amount of assets that are traded on an exchange or trading platform.
A transaction fee is a fee charged for executing a transaction on a blockchain network.
Unwrapping refers to the process of converting a wrapped token back into its original form.
Upgradability refers to the ability of a smart contract to be upgraded or modified without the need for a hard fork.
A verified token is a token that has been audited and verified by a third-party auditor, ensuring that it
The native cryptocurrency token of the Veax platform.
A measure of the rate and magnitude of price changes for a particular asset, such as a cryptocurrency. High volatility means that prices can fluctuate rapidly and unpredictably, while low volatility means that prices are relatively stable.
The total amount of a particular asset, such as a cryptocurrency, that has been bought or sold over a specified time period. High trading volume can indicate strong market interest in a particular asset.
A digital tool or service that enables users to store, manage, and transfer cryptocurrency assets. Wallets can come in various forms:
- Browser web wallet: A cryptocurrency wallet that is accessed through a web browser.
- Extension injected wallet: A cryptocurrency wallet that is accessed through a browser extension.
- Bridge wallet: A cryptocurrency wallet that connects to multiple blockchains or networks.
- Mobile wallet: A cryptocurrency wallet that is accessed through a mobile device.
- Hardware wallet: A physical device that stores private keys and enables secure storage and management of cryptocurrency assets.
For more information about wallets that Veax supports, see Set up a wallet
Wallet-selector vs wallet-connect
Wallet-selector is a tool that helps users select a wallet to connect to a specific decentralized application (dApp), while WalletConnect is a protocol that allows dApps to interact with wallets.
The process of creating a wrapped token that represents another asset, such as a cryptocurrency or a non-fungible token (NFT). Wrapped tokens can be used to enable the use of assets on different blockchain networks.
A token that represents another asset, such as a cryptocurrency or an NFT. Wrapped tokens are created through the process of wrapping.
A process that involves staking cryptocurrency assets to earn rewards in the form of additional cryptocurrency tokens. Yield farming typically involves participation in decentralized finance (DeFi) protocols and can involve significant risks and rewards.