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CryptoTwitter Speak

What do people mean on CT when they say BTFD, IYKYK or WAGMI? Read all the secrets here.

TVL

TVL means Total Value Locked. Mostly this locking means depositing in lending, staking and liquidity protocols. It is an often used metric to determine the …

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Influencer

An Influencer is someone that has amassed a lot of followers that take their actions or words as advice to follow. Influencers were mostly known …

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Bridge

What are Crypto Bridges? There are many different crypto tokens and most exist on their own Blockchains. It works exactly as it sounds: a bridge …

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Unit Bias

Unit bias is the fact that lower priced assets seem to be valued higher than an economically equivalent fraction of a higher priced one. For …

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ELI5

ELI5 is short for “Explain Like I‘m 5 (years old)”. This is a popular way to ask if a simpler explanation can be given. One …

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Normie

A Normie is basically a Normal person, but not in a positive sense. It is usually used to describe nocoiners: people who are stuck in …

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HFSP means Have Fun Staying Poor - ease.org crypto and DeFi glossary

hfsp

HFSP is short for “Have Fun Staying Poor”. It’s CT speak and is mostly attributed to Udi Wertheimer. It is often used to mock ‘Normies’ …

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Rug

A rug pull is when someone pulls whatever firm base you are standing on from underneath you, causing you to fall and crash. Though the …

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GTFO

GTFO is a warning aimed at fellow investors and is short for “Get The Fuck Out”. It can be used as a verb. “Yeah, when …

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Uponly

Uponly is the motto of the bulls. It means that the general market or a specific token or stock will keep on rising, because reasons. …

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Degen

“Degenerate” or its more common short form of “Degen” is a badge of honour for those that are apeing into DeFi protocols. Often without proper …

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DeFi

DeFi is short for “decentralized finance,” and is a movement encouraging alternatives to traditional, centralized forms of financial services, which are known as TradFi. DeFi …

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Tank

To tank is a verb, meaning a coin or token is going to crash, i.e. dropping in value fast and if you don’t GTFO, you …

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Sauce

Sauce is CT speak for “Source”. As in, where did you get this information and how can I check that it’s legit? “I heard that …

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Compounding

Compounding or compound interest is the addition of interest to the principal sum of a loan or deposit, or in other words, interest on interest. …

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TradFi

TradFi is short for Traditional Finance. This means banks, insurance companies, and other lenders and mortgage suppliers. These are normally very regulated, and any funds …

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CeFi

Centralized Finance or CeFi are projects that operate like normal centralized organizations within the DeFi space. These are a mix between TradFi and DeFi. CeFi …

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CMC

CMC is short for Coin Market Cap,  a website that tracks most crypto tokens and their markets and offers a lot of historical and current …

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CG

CG is short for CoinGecko,  a website that tracks most crypto tokens and their markets and offers a lot of historical and current information about …

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ATL

ATL is short for all-time low. This usually refers to the value of a specific coin/token and a reference point relative to it, i.e. “Ethereum …

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ATH

ATH is short for all-time high. This usually refers to: The value of a specific coin/token and a reference point relative to it, i.e. “Bitcoin …

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Addy

Addy is CT speak for address, which in turn is CT speak for your account number, not your location. Cryptographically speaking, your addy is your …

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2FA

2FA is short for Two-Factor Authentication. This is a security measure that lowers the chance of your account being hacked and/or abused. The first factor …

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FOMO

FOMO is short for Fear Of Missing Out. This doesn’t just happen in crypto, but also irl. It’s the existential feeling of being left behind …

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IYKYK

IYKYK is short for “If You Know, You Know”.  Used a lot on CT as a textual wink from one “insider” to another, casually shared …

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irl

IRL is short for “In Real Life” which is the life outside of the metaverse, the internet and the cryptosphere. You can meet friends irl, …

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BTFD

BTFD is short for Buy The Fucking Dip. It means that once a token that generally goes uponly, drops in value you “should” buy more. …

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Black Hat

A black hat is a type of hacker. It is a person who attempts to find computer security vulnerabilities and exploits them for personal financial …

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Maxis

Originally Maxis referred to Bitcoin Maximalists. These are hardcore Bitcoin purists who believe that BTC is the one true cryptocurrency. As such, they are anti-DeFi. …

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AMM

An automated market maker (AMM) is a system that provides liquidity to the decentralized exchange (DEX) it operates in through automated trading. The AMM powers …

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Atomic swaps

Atomic swaps are automatic exchanges of cryptocurrency between two parties on two different blockchains without having to go through a centralized intermediary. The biggest advantage …

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AML

Anti-Money Laundering (AML) is a set of international laws enacted to curtail criminal organizations or individuals laundering money through cryptocurrencies into real-world cash. Centralized Exchanges (CEX) …

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APR

The term “annual percentage rate (APR)” refers to the annual rate of interest charged to borrowers and paid to investors. APR is expressed as a …

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wagmi

Wagmi is short for “We all (are) gonna make it”. It is used a lot on CT, often to indicate positive sentiment, or as a …

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KYC

KYC is short for Know Your Customer. This is a series of requirements that Centralised crypto exchanges (CEX) and trading platforms must complete in order …

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Doxxing

Doxxing (or doxing) is the publication of personal details of a previously anonymous person. “The team is fully doxxed” means that there are no “anon” …

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DEX

A peer-to-peer exchange that allows buyers and sellers to trade cryptocurrency directly with each other, without the need for an intermediary. This is the opposite …

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CEX

Centralized exchanges (CEXs) are a type of cryptocurrency exchange that a company owns and operates in a centralized manner. Examples: Coinbase, Binance. Advantages of a …

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Exploit

An exploit is a piece of code, data, or a sequence of commands that takes advantage of a bug or vulnerability in an application, protocol, …

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Arbitrage

Arbitrage is the practice of quickly buying and selling the same asset in different markets to take advantage of price differences between these markets. So, …

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DYOR

DYOR is an abbreviation for “Do Your Own Research”. This is a common tenet of the space. Proper research is encouraged before investing into projects.

Apeing

Apeing is when a cryptocurrency trader buys a large amount of a certain token, without conducting thorough research. This typically happens shortly after the token …

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Airdrop 

An airdrop is a marketing campaign that distributes a specific cryptocurrency or token to a specified audience. This creates awareness of a new protocol or …

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CT

Abbreviation for “Crypto Twitter”. The crypto influencers have chosen Twitter as their base and there are millions of crypto-related accounts. Several of them have hundreds …

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