Glossary of Terms
Welcome to the Oasis Glossary of Terms! Whether youβre new to crypto or a seasoned enthusiast, this comprehensive glossary will help you navigate the Oasis ecosystem and the broader crypto space. Understanding these terms will ensure you make the most out of your experience with Oasis.
Key Terms:
$OASIS Token: The native cryptocurrency of the Oasis ecosystem, used for transactions, staking, governance, and accessing premium features.
Decentralized Exchange (DEX): A platform for trading cryptocurrencies directly between users without the need for a centralized intermediary. Oasis DEX is our flagship trading platform.
Slippage: The difference between the expected price of a trade and the actual price when the trade executes. Oasis uses AI-based slippage management to optimize this process.
Liquidity Pool: A pool of crypto tokens locked in a smart contract, allowing for decentralized trading and earning passive income via fees or rewards.
MEV (Miner Extractable Value): The value miners can extract from transaction ordering. Oasis DEX offers MEV protection to safeguard usersβ trades.
Staking: Locking up tokens in a protocol to earn rewards. Staking on Oasis will allow users to earn yield while supporting the network.
Privacy Mixer: A tool that anonymizes cryptocurrency transactions by mixing tokens from various users, enhancing privacy.
Yield Farming: A method of earning rewards by lending or staking crypto assets in exchange for interest or new tokens.
AI-Powered Trading: The use of artificial intelligence to optimize trade execution, slippage, and portfolio management on the Oasis platform.
Cross-Chain Support: The ability to trade and swap assets across different blockchain networks (e.g., swapping ETH for SOL without leaving the Oasis ecosystem).
These terms are only the tip of the iceberg. As Oasis continues to grow, we will add more terms to this glossary to keep you informed and empowered!
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