Glossary Crypto & Web3
DeFi
Decentralised finance: lending, trading and derivatives run by smart contracts rather than by a bank or broker. Users keep custody of their assets, and also keep the risk.
Seen in our coverage of DeFi
Stories where this term does real work, rather than appearing in passing.
More from the glossary
Standfirst
The short line under a headline that sets up the story. Called a dek in American…
Revenue
Total income from sales, before any costs. A company can grow revenue for years while losing…
Portfolio
The full collection of what an investor holds. Judging any single holding without reference to the…
Liquidity
How easily an asset can be bought or sold without moving its price. Thin liquidity is…