Glossary Of Terms
Last updated
Last updated
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.