Glossary
AMPL Token: The governance token of Amplified Protocol, used for voting on protocol decisions and earning staking rewards.
APY (Annual Percentage Yield): The estimated annual rate of return on an investment, taking into account the compounding effects of reinvested rewards.
DeFi (Decentralized Finance): A financial ecosystem built on blockchain technology, enabling permissionless access to financial services like lending, borrowing, and trading.
ETH (Ethereum): The native cryptocurrency of the Ethereum blockchain, used for transaction fees and interacting with smart contracts.
LST (Liquid Staking Token): A tokenized representation of staked assets on Proof-of-Stake blockchains, allowing users to earn staking rewards while maintaining liquidity.
Smart Contract: A self-executing contract with the terms of the agreement directly written into code, stored and executed on a blockchain.
Super Vault: Amplified's core smart contract that manages user deposits, implements LST strategies, and aggregates yields.
Yield Farming: The practice of utilizing DeFi protocols to maximize returns on cryptocurrency holdings by lending, staking, or providing liquidity.
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