🔰Glossary

1. Decentralized Finance (DeFi): DeFi refers to a financial ecosystem built on decentralized networks like blockchain. It aims to provide financial services without the need for traditional intermediaries, such as banks or brokers.

2. Runes Protocol: The Runes Protocol is a set of rules and standards that govern the operation of the RunesFi platform. It leverages the Bitcoin network to enable decentralized finance applications and services.

3. Decentralized Exchange (DEX): A DEX is a platform that allows users to trade digital assets directly with each other without the need for a centralized intermediary. It operates on blockchain technology and typically offers greater security and control over assets than centralized exchanges.

4. Token: A token is a digital asset representing a unit of value on a blockchain. Tokens can represent various assets, such as cryptocurrencies, digital collectables, or rights to access specific services or products.

5. Blockchain: A blockchain is a distributed ledger technology that records transactions across multiple computers in a decentralized network. It provides transparency, security, and immutability to digital transactions.

6. Cross-Chain Interoperability: Cross-chain interoperability refers to the ability of different blockchain networks to communicate and interact. It allows users to transfer assets and data between different chains seamlessly.

7. Revenue Sharing: Revenue sharing is a mechanism that distributes a portion of platform revenue to token holders. It provides an additional source of income for token holders and aligns incentives between platform operators and users.

8. Security Audit: A security audit is a process of evaluating and assessing a platform or system's security measures and practices. It helps identify vulnerabilities and weaknesses that malicious actors could exploit.

9. Tokenomics: Tokenomics refers to the economic model and principles underlying a token ecosystem. It includes factors such as token distribution, supply dynamics, and utility within the ecosystem.

10. Passive Income: Passive income refers to earnings generated with minimal effort or active involvement. In the context of DeFi, passive income can be generated through activities such as staking, yield farming, or revenue sharing.