DeFi

Understanding our terminology

September 8, 2021
Essentials

It’s a new world out there. Here is some common terminology to help you understand the digital asset space:

Digital asset

Any asset that is stored digitally. All cryptocurrencies are considered digital assets.

Fiat

Government issued currency such as AUD or USD.

Stablecoin‍

A type of digital asset which aims to track fiat.

Yield

An amount earned on your money, similar to interest or return.

Inflation

The process of goods and services becoming more expensive due to increased currency in circulation.

Blockchain

A system where transactions of a cryptocurrency are recorded and verified using a network of computers.

Learn how we are simplifying access to digital assets.