Glossary
Web3 Slang and Terms
gm: Good morning
gn: Good night
ser: Sir
fren: Friend
wgmi: We going to make it
ngmi: Not going to make it
FUD: Putting fear, uncertainty, and doubt in a project
Aped: Buy in to a project without alot of research
Wen moon: When will the value of the project go super high
DYOR: Do your own research
Probably nothing: Implies that a project is probably something big
Maxi: Someone who believes their cryptocurrency is the best
Shilling: Pitching your project in an annoying way
Rekt: Lost all of your money
Rugged: A project that stole all of a person's money
LFG: Let’s fucking go
PFP: Profile pic NFT project
Mint: Issuing an NFT on the blockchain
Floor price: Lowest price for an NFT collection
1/1: A NFT that is not part of a collection
DeFi: Decentralized finance that relies on smart contracts vs. middlemen
CeFi: Centralized crypto exchanges, interest accounts, and more
DEX: An exchange that uses smart contracts vs. middlemen (e.g., Uniswap)
Stablecoins: Coins that are "stable" in price (e.g., pegged to the USD)
Staking: Depositing a crypto asset to earn yield (APR)
Liquidity pool: A pool of crypto assets meant to provide liquidity to a cryptocurrency or network.
Yield farming: Optimizing how you lend your crypto asset to maximize your yield (APR)
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