📚 Crypto Glossary: Navigating crypto made simple! 📚

In this series, we'll unravel the intricate terminology that surrounds the crypto space, making it easier for you to navigate and understand the fast-paced world of digital assets.

Let's kick things off with a few key terms👇

🔎 Rug Pull: A scam where developers abandon a project and run off with investors' funds, often seen in the DeFi space.

🔎 Yield Farming: The practice of staking or lending crypto assets to earn high returns, often in the form of additional cryptocurrency.

🔎 Liquidity Pool: A pool of funds locked in a smart contract used to facilitate trading by providing liquidity to decentralized exchanges.

🔎 DAO: Decentralized Autonomous Organization, an organization governed by smart contracts and community voting without central leadership.