Terminology

ERC20 Token

are blockchain assets that can have value and be sent and received like Bitcoin, Ethereum, Litecoin, or any other blockchain asset. The difference between ERC20 tokens and cryptocurrencies like Litecoin is that ERC20 tokens don't have their own blockchain but use Ethereum's.

DeFi

is an abbreviation of the phrase decentralized finance which generally refers to the digital assets and financial smart contracts, protocols, and decentralized applications (DApps) built on Ethereum. In simpler terms, it’s financial software built on the blockchain that can be pieced together like Money Legos.

Oracle

is a conceptual solution that takes real-world off-chain data and submits an immutable copy of this information into blocks – thereby making it available for future smart contract use.

Stablecoin

is a class of cryptocurrencies that attempts to offer price stability and are backed by a reserve asset. Usually, the price is pegged to the USD.

Stake / Collateralization

Amount of value deposited required to create more tokens.

Mint

Create Tokens.

Burn

Destroy tokens.

Vault

Contract in charge of storing collateral to mint TCAP tokens.