An educational crypto, finance, and AI vocabulary puzzle about token backing, market quotes, system controls, and model performance.
Stablecoin Rails
These terms cover issuance, supply reduction, redemption, and the target price anchor.
MintBurnRedeemPeg
- Mint: Minting creates new tokens or units when a protocol issues supply.
- Burn: Burning permanently removes tokens from circulation.
- Redeem: Redeeming swaps a token back for the backing asset or its value.
- Peg: A peg is a target price or parity level a token tries to track.
Order Flow
These terms cover buy interest, sell interest, the gap between them, and execution drift.
- Bid: A bid is the highest price a buyer is willing to pay.
- Ask: An ask is the lowest price a seller is willing to accept.
- Spread: The spread is the gap between the best bid and the best ask.
- Slippage: Slippage is the difference between an expected price and the executed price.
Agent Governance
These terms cover constraints, isolation, signoff, and records of what happened.
- Guardrail: A guardrail is a constraint that keeps an automated system inside safe bounds.
- Sandbox: A sandbox is an isolated environment for testing actions before they affect production.
- Approval: Approval is the signoff required before a higher-risk action can proceed.
- Audit Trail: An audit trail is a record of actions taken so they can be reviewed later.
Serving Efficiency
These terms cover delay, work rate, request grouping, and reused results.
- Latency: Latency is the delay between a request and the first useful response.
- Throughput: Throughput is the amount of work a system can process per unit time.
- Batching: Batching groups multiple requests together to improve efficiency.
- Caching: Caching stores reusable results so the system does not recompute them every time.