A decentralized autonomous organization. On-chain votes steer a treasury and parameters, with very uneven real-world standing.

A protocol that lets users trade tokens directly from wallets via smart contracts, typically using liquidity pools.

Decentralized finance. Lending, trading, and derivatives run by contracts instead of a single broker.

The Dai or Sky savings rate, a protocol yield paid to people who lock the stablecoin in a savings contract.