Algorithmic Stablecoin A new segment of cryptocurrency designed to achieve price stability and balance the circulating supply of the asset by being pegged to a reserve asset such as the US dollar, gold or any other foreign currency
Automated Market Maker (AMM) A type of decentralized exchange (DEX) protocol that relies on a mathematical formula to price assets. Instead of using an order book like a traditional exchange, assets are priced according to a pricing algorithm. This formula can vary with each protocol.
DeFi Decentralized Finance is the merger of traditional bank services with decentralized technologies such as blockchain. The DeFi community seeks to create alternatives to every financial service currently available. These services include items such as savings and checking accounts, loans, asset trading, yield farming, staking, insurance, and much more.
DEX Decentralized exchanges (DEX) are a type of cryptocurrency exchange that allows for direct peer-to-peer cryptocurrency transactions to take place online securely and without the need for an intermediary.
DYOR (Do Your Own Research) The process of doing the research before making an investment. There are many manipulating people who urge others to buy a cryptocurrency so the price will rise and they can sell it for a profit.
TWAP (Time Weighted Average Price) The average price of an asset over a set time period.
Date format The dates in this document follow the standard ISO 8601 format of YYYY-MM-DD
Currency format Because the Bolt Dollar is pegged to a US currency we've adapted the following currency format in this document $xxx,xxx.xx