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最初のブロックから細部まで。市場の背景にあるアイデア、人々、仕組みを、役立つ解説で一つずつ学べます。
ディレクトリの定義は英語で表示されます。項目を開くと、翻訳済みの読み物があるか確認できます。
鍵から共有台帳まで、取引の流れをたどりましょう。
Blockchainから始めるコントラクト、流動性、借入と、それぞれの間にあるリスクを探りましょう。
Smart contractから始める価格、評価額、市場心理の指標から、何が分かるかを理解しましょう。
Market capitalizationから始める保管方法、権限、署名する内容の判断方法を学びましょう。
Hardware walletから始める最初のアイデアと、業界を変えた出来事を結び付けましょう。
A Cypherpunk's Manifestoから始める技術標準、発行者の主張、法的枠組みを区別しましょう。
Howey testから始めるMoving a spot or TWAP feed so a protocol misprices collateral or a liquidations fire wrongly.
A concentrated LP whose range no longer covers the price, so it earns no fees and sits in one asset.
A loan that requires collateral worth more than the debt, the usual DeFi design because on-chain credit scores are weak.
Off-chain scores that hint at a future airdrop. They are not tokens and can be changed or cancelled.
How much notional an AMM can trade before price moves a given percent.
A feed that tells contracts the reference price of an asset. Bad oracles cause bad liquidations.
When the protocol owns the LP position and keeps fees, reducing mercenary TVL churn.
Liquidity the protocol itself owns, so it keeps the trading fees instead of renting depth from mercenary LPs.
A Maker-style module that swaps a trusted stablecoin 1:1 for Dai/USDS to defend the peg.
Return paid from protocol fees or revenue rather than from inflationary token emissions.
Idle cash or ETH a protocol keeps so small exits do not wait for the chain withdrawal queue.
Reusing already-staked ETH or a receipt token to secure extra services, adding slashing risk for extra yield.
An airdrop that rewards past usage, announced after the qualifying activity already happened.
A DEX mode where professional market makers quote a size directly, often better for large tickets.
The contract that finds a path through pools and executes a swap in one call.
Breaking a trade across pools and hops to reduce impact.
A form of MEV that buys just before a victim swap and sells just after, extracting their slippage.
A design (Balancer v2, Uniswap v4) where many pools share one vault contract to save gas and settle net.
The worst price you accept before a swap reverts. Too tight fails. Too loose invites sandwiches.
Apps that turn social graphs, posts, or attention into tradable tokens or keys.
The interest a Maker-style vault pays to keep debt open, the other side of the savings rate.
Locking tokens to help secure a proof-of-stake network or a protocol and earning rewards for that lock.
A protocol rainy-day fund built from fees, used before socializing losses.
A discrete price step in a concentrated-liquidity pool.
The granularity of concentrated-liquidity prices. Wider spacing means coarser ranges.
A delay between a governance decision and its on-chain execution, giving users time to exit.
The total USD value of assets deposited in a DeFi protocol or chain.
Tokens and stables held by a protocol or DAO to fund development, incentives, or runway.
A time-weighted on-chain price that is harder to shove with one block, still gameable over longer windows.
A loan larger than the posted collateral, which needs identity, legal claims, or off-chain underwriting.
Designs that share inventory across markets or chains so traders see one deeper book.
A v4 plugin that runs custom logic around a swap or LP action (oracles, dynamic fees, KYC).
The share of a lending pool that is borrowed. Rate models raise interest as utilization climbs.
定義は理解の出発点です。詳しい読み物には証拠へのリンクがあります。承認済みの参考資料は毎日順番に更新され、独自の解説には編集上の確認日が表示されます。 新しい研究論文を探す →