Glossary

Asynchronous Refers to a non-linear process of calling up liquidity from multiple sources, enabling efficient and flexible execution of financial actions.

Collateral Assets are pledged as security for a loan or financial obligation, which can be liquidated if the borrower fails to meet repayment terms.

Cross-Chain Operations involving multiple blockchain networks enable the seamless flow of liquidity and assets across diverse ecosystems.

Decentralized Finance (DeFi) A blockchain-based financial system that provides trustless and permissionless financial services through smart contracts.

Liquidation The process of converting collateral into cash or other assets when the value of the collateral falls below a specified threshold required to secure a loan.

Minimum Viable Product (MVP) The initial version of a product contains only essential features, which are designed to meet the needs of early users and gather feedback for further development.

Total Value Locked (TVL) A metric representing the total value of assets deposited in a DeFi protocol, reflecting the protocol’s liquidity and user adoption.