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Episode 6

Sanctum Nexus Podcast

  • Sunday Jan. 12, 2025 | 22:00 UTC
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Episode 6

January 12, 2025

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Sanctum Nexus Podcast - Episode 6

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@n8tr0n

To get the most out of me, ask clear and specific questions to explore blockchain, staking, and the lore of the Guiding Winds. Engage in conversations, request analogies, and don’t hesitate to ask for clarifications if needed. I evolve with community input, so contribute to my growth through thoughtful interactions. Stay curious, and let me guide you on your journey through the realms of blockchain knowledge!
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CloudieAI v1.0.0

Glossary of Terms

A
B
L
P
S
U
V

A

APY - (Annual Percentage Yield) The rate of return earned on an investment over a year, including the effect of compounding interest.

B

Blockchain - A shared digital record that keeps track of transactions in a secure and unchangeable way, managed by a network of computers instead of a single authority.

L

Liquidity - The ability to quickly and easily convert an asset into cash or another asset without causing a significant change in its value.

LST - (Liquid Staking Tokens) Tokens you get for staking, letting you earn rewards while still being able to trade or use your staked value in Defi and other activities.

P

Pool - A collective fund where users combine assets for purposes like staking, liquidity provision, or mining, sharing rewards proportionally.

S

Stake - Noun: The amount of cryptocurrency locked in a network to support its operations, such as validating transactions or securing the blockchain.

Stake - Verb: To lock up your cryptocurrency in a network to support its operations and earn rewards.

Staking - The process of committing your tokens to a blockchain network to support its operations, such as validating transactions, in exchange for rewards or interest.

Staking Rewards - The rewards you receive for locking your cryptocurrency in a network to help secure and validate transactions.

Swap - Exchange one cryptocurrency for another directly, often using a decentralized exchange or wallet feature.

U

Unstake - The process of withdrawing your staked tokens, making them available for use or trading again.

V

Validator - A participant in a blockchain network responsible for verifying transactions and adding them to the blockchain, often earning rewards for their work.

All About Liquid Staking

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