Also: decentralized finance
DeFi (Decentralized Finance) is the set of financial protocols operating through smart contracts without banks, brokers, or centralized exchanges. Includes: DEXes, lending, stablecoins, derivatives, perpetuals, yield aggregators.
The TON DeFi ecosystem is still early: STON.fi and DeDust for swaps, EVAA for lending, Storm for perpetuals.
The unique identifier of an account or contract on a blockchain.
Abstract Datagram Network Layer — TON's low-level peer-to-peer protocol.
Automated Market Maker — algorithmic pricing through a liquidity pool.
A group of transactions finalized by validators and chained to the previous block.
Bag of Cells — the binary serialization format for structured data and smart contracts in TON.
Centralized exchange — custodial exchange (Binance, OKX, Bybit).
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