Glossary of Terms¶
This glossary of terms contains definitions of commonly used terms within the Curve documentation.
This section is a work in progress - if a term is missing, feel free to open a pull request to add it.
- Automated Market Maker (AMM)
A decentralized asset trading pool that allows participants to buy or sell cryptocurrencies.
- Base Pool
The pool issuing the LP token that is used by a metapool.
The process of withdrawing admin fees from the excahange contracts and distributing them to veCRV holders.
A technical standard for implementing tokens within Ethereum. Often used interchangeably with the term token. The standard is viewable here.
- LP Token
Short for Liquidity Provider token. An ER20 token which represents a deposit into a Curve exchange contract, or other AMM.
A Curve pool where one of the tradeable assets is the LP token for another pool (base pool). Metapools are used to prevent liquidity fragmentation.
Short for “synthetic asset” - a derivative which tracks the price of another asset, offering exposure to price movements without requiring the user to hold the actual asset.
- Underlying Coin
An ERC20 token that has been deposited into a protocol and where the deposit is represented by another token. The other token (the “wrapped coin”) may be used to claim back this original token.
Short for “vote-escrowed CRV”. CRV that has been locked in the voting contract.
- Wrapped Coin
An ERC20 token used to represent the deposit of another token within a protocol. The original token has been “wrapped” in this new token. The originial token is referred to as the “underlying coin”.