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)

Last updated 2 years ago