LP capital currently in range and earning fees.

A router that splits a swap or yield path across many pools to improve the net price.

A free token distribution to wallets that used a product, held an NFT, or met some other rule.

Using many wallets or wash activity to qualify for a hoped-for token drop.

Algorithmic market operations. Protocol-owned strategies that defend a peg or manage liquidity, used by Frax and others.

Annual percentage rate. Simple yearly return without compounding.

Annual percentage yield. Yearly return assuming rewards are compounded.

A pool formula that prices trades from balances instead of a human order book. Constant-product is the classic form.