A daily crypto, finance, and AI vocabulary puzzle about reserves, liquidity, model efficiency, and cross-chain safety.
Stablecoin Settlement
These terms describe how a stablecoin is supported, redeemed, and kept near its reference value.
- Reserve Ratio: Reserve ratio describes how much backing is held relative to the amount of a stablecoin in circulation.
- Proof of Reserves: Proof of reserves is a report or process meant to show that an issuer or custodian holds the assets it claims to hold.
- Redemption Window: A redemption window is the period when holders can exchange a token for the referenced asset or backing.
- Peg Band: A peg band is the range around a target price where a stablecoin is still considered close to its peg.
Market Depth
These terms explain quoted prices, available depth, and the price impact of larger orders.
Bid-Ask SpreadOrder Book DepthSlippageMarket Impact - Bid-Ask Spread: The bid-ask spread is the difference between the highest buy price and the lowest sell price in a market.
- Order Book Depth: Order book depth is the amount of resting buy and sell interest available at different prices.
- Slippage: Slippage is the gap between the expected trade price and the price actually received.
- Market Impact: Market impact is the price movement caused by executing a trade, especially a large one.
AI Serving Efficiency
These terms cover memory reuse, request grouping, precision tradeoffs, and throughput.
- KV Cache: A KV cache stores key and value tensors so a model can reuse prior attention work during generation.
- Batching: Batching groups multiple requests or tokens so shared compute can be used more efficiently.
- Quantization: Quantization reduces numeric precision to make model storage and inference cheaper or faster.
- Throughput: Throughput is the amount of work a system can complete per unit of time.
Bridge and Oracle Controls
These terms describe admin permissions, data delays, and transfer risk across protocols.
- Multisig: A multisig wallet requires approvals from multiple keys to execute actions, reducing single-key compromise risk.
- Oracle Lag: Oracle lag is the delay between a real-world event and the updated data reaching a protocol.
- Contract Approval: A contract approval lets a smart contract move a user's tokens up to an allowed limit.
- Bridge Risk: Bridge risk is the security and operational exposure that comes with moving assets across chains.