Glossary Of Terms

Term

Description

DeFi

Decentralised Finance

DAO

Distributed Autonomous Organisation

Fida Token

Fida App's native currency

Fida Exchange

Fida Token's native exchange

Collateral

An asset of value staked to earn Fida Tokens. Fida Token permits both ether (ETH) and USDC.

ETH

Ethereum's native cryptocurrency.

USDC

A USD coin issued by centre consortium and backed by assets held in State Street bank.

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