Glossary

A smart contract is a digital protocol for automatically executing programmed conditions. A smart contract cannot be changed once it is published.

DeFi (decentralized finance) are financial instruments in the form of services and applications created on the blockchain. These services are publicly available, are open-source projects and are most often based on smart contracts.

DEX (decentralized exchange) is an exchange that operates on the basis of a distributed registry, does not store user funds or personal data on its servers, and acts only as a platform for matching orders to buy or sell user assets. Trading on such platforms takes place directly between participants (peer-to-peer) without any financial intermediaries.

Binance Smart Chain is a blockchain platform managed by the Binance cryptocurrency exchange. Binance is currently the world's largest cryptocurrency exchange by transaction volume per day. Thousands of cryptocurrencies are exchanged among themselves as well as for fiat money. Binance Smart Chain is considered the closest competitor to Ethereum.

PancakeSwap is a decentralized exchange built on automated smart contracts deployed on Binance Smart Chain. PancakeSwap allows you to trade cryptocurrencies and tokens without a centralized intermediary, providing storage for your tokens.

USDT is a cryptocurrency asset, Stable Coin (that is, a coin with no volatility, always tied to an asset). USDT is pegged to the U.S. dollar, which means that 1 USDT is always equal to 1 U.S. dollar. USDT is the most popular, widespread, liquid and easily exchanged digital asset today. USDT is raised on most of the largest official blockchains.