(4/5) LP: Liquidity Pool A liquidity pool is a crowdsourced pool of cryptocurrencies or tokens locked in a smart contract that is used to facilitate trades between the assets on a decentralised exchange (DEX).

(5/5) Bridging Bridges allow DeFi users to access yield and trading opportunities on different chains. Bridges have pros and cons regarding safety, custody, speed, and cost. Do you believe that the future will be multi-chain?

🧵(1/5) Five terminologies or acronyms representing important concepts around DeFi👇 - dApp: Decentralised Application A dApp is like a digital app found on our smart devices but it is built on a decentralised network without the control of a single authority.