Glossary
Testnet
A practice network with worthless tokens for testing features safely.
A testnet is a parallel network where tokens are free and worthless. Developers use it to test upgrades; users use it to try features without risking funds.
Testnet activity sometimes counts toward airdrops, which makes it cheap to farm. It is also where you should make your first mistake — on testnet a wrong click costs nothing.
Related terms
Airdrop
Free tokens distributed to wallet addresses, usually to reward early users of a protocol.
AMM
Automated Market Maker — a protocol that prices assets with a formula instead of an order book.
APR vs APY
APR is the yearly rate without compounding; APY includes compounding and is always higher.
ATH
All-Time High — the highest price an asset has ever traded at.
Bear Market
A prolonged decline, conventionally 20% or more from recent highs.
Bull Market
A prolonged rise driven by new demand, easy credit and rising confidence.