Glossary
Lending
Depositing assets for others to borrow against collateral, in return for interest. It fails when collateral falls faster than it can be liquidated, or when the borrower is the platform itself.
See also
YieldThe return on a deposited asset. The only question that matters is who is paying it and why — network issuance, borrower interest and trading fees are real sources; a promise is not.
LiquidationThe forced closing of a leveraged position when margin falls below the required level. It happens automatically, at the platform's discretion, and you do not get to wait for a recovery.
Last checked 19 Oct 2026.