TVL (Total Value Locked)
The total dollar value of assets currently deposited in a DeFi protocol. A rough proxy for adoption and trust.
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Lending Protocol
A DeFi app where you deposit a token to be borrowed by others. You earn interest from the borrowers; they post collateral to back the loan.
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Liquidity Pool (LP)
A pool of two or more tokens deposited so others can swap between them. LP providers earn trading fees and bear impermanent-loss risk.