An educational crypto, finance, and AI vocabulary puzzle about price relationships, safekeeping, search, and model serving.
Funding and Basis
These terms cover the gap between markets, term structure, and the economics of holding exposure.
BasisContangoBackwardationCarry
- Basis: Basis is the difference between a spot price and a related futures price.
- Contango: Contango is a market condition where futures prices sit above the spot price.
- Backwardation: Backwardation is a market condition where futures prices sit below the spot price.
- Carry: Carry is the return or cost from holding an asset over time while managing exposure.
Settlement and Custody
These terms cover safekeeping, third-party holding, completion, and irreversible transfer.
- Custody: Custody is the safekeeping of assets by an owner or a trusted service.
- Escrow: Escrow is a setup where an asset is held by a neutral third party until conditions are met.
- Settlement: Settlement is the step where payment and ownership transfer are completed.
- Finality: Finality is the point at which a transaction is treated as effectively irreversible.
Retrieval Stack
These terms cover text slices, vector representations, search structures, and lookup.
- Chunking: Chunking breaks content into smaller pieces so a retrieval system can handle it well.
- Embedding: An embedding is a numeric vector that represents the meaning of text or other data.
- Index: An index is a data structure that makes it faster to find relevant items later.
- Retrieval: Retrieval is the act of finding useful information for a model or user query.
Serving Efficiency
These terms cover response delay, request grouping, reuse, and work completed per unit time.
- Latency: Latency is the delay between sending a request and receiving a response.
- Batching: Batching combines multiple requests so a system can process them together.
- Cache: A cache stores results so they can be reused without recomputing them.
- Throughput: Throughput measures how much work a system completes in a given time.