Glossary

This page explains the terminology used in the FlatQube pages.

Swap

Exchange operation.

Token

A type of crypto asset. There are two main types of tokens on FlatQube:

• Native tokens are presented in the Tokens section. All of them have a certain price. You can buy, sell and exchange them, as well as provide liquidity to pools through them.

• LP tokens are a confirmation of the liquidity locked by the user in a certain pool and they can be used for liquidity farming.

Farming

Yield farming or liquidity mining is a way of earning through rewards by providing liquidity (as LP tokens) to farming pools.

Farming pool

A special smart contract that distributes the provided amount proportionally to everyone who staked a specific LP token on this contract.

Liquidity pool

A collection of funds locked in a smart contract. Users called "liquidity providers" add two tokens in a certain proportion to a pool to create a market. As a confirmation of the provided liquidity, providers receive LP tokens that they can use in Farming pools.

Pair

A pair of tokens that form a liquidity pool.

Vesting

Essentially, vesting on FlatQube is a formula for progressively unlocking farming rewards over time.

Volume

The trading volume (total number of exchanges) in USD for a certain period of time.

TVL

The total value locked - is the value of assets locked by liquidity providers in a particular pool.

Account

The personal smart contract of the liquidity provider, which they use to deposit tokens into the pool.

Vault

A dedicated smart contract that stores all tokens deposited to the DEX.

Builder

FlatQube interface that allows users to create their own tokens.

Explorer

A graphic user interface designed to allow users to analyze the Everscale blockchain.

A blockchain explorer is like a search engine that reveals information about the past and current state of a blockchain.

Through its interface, a user can browse information about blocks that have been added to the blockchain, transactions and messages that have occurred, account balances, and information about tokens.

Slippage tolerance

The difference between the expected price of the token and its price at the time of the transaction. By changing this parameter, you can set the maximum slippage when making a transaction. The transaction will not go through if the price of the token at the time of its completion changes by more than the specified percentage.