💡FAQ

What is DeFi?

DeFi or Decentralized Finance is the term that describes

What is ETH?

ETH or Ethereum is a cryptocurrency.

What is Staking?

What is a DEX?

DEX is an acronym for Decentralized-Exchange. At the most basic level a DEX is like an application that allows you to connect and swap or exchange one token for another token.

What is a Seed Phrase?

A seed phrase is the most often 12 words used to create your address that is used by your wallet. This is like the "password" to your account and if you lose it there is no way to recover it. This is the both the risk and freedom of crypto. No one without your "password" can ever get access to your address or open your wallet.

What is a Governance Token?

A governance token (like $UNI that is used by UniSwap) are “needed” to have decentralized control over changes to projects parameters or deciding which updated changes in the code will be the most current and used version.

What is Gas?

Gas is the fee that you pay to send a cryptocurrency transaction across the blockchain. Another way to put it is like a money transfer fee if you were using a service like Western Union. For a more indepth understanding of gas and how it is calculated on Ethereum, visit https://ethereumprice.org/gas/.

What is Cold Storage?