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LHD Glossary & Tags

Please review the glossary of terms and tags used in the Liquidity Health Dashboard below.

Terms

  • Hard Assets: The tokens one would consider as the exit liquidity for all other tokens, generally "blue chip", high market cap tokens and stablecoins
    • Hard asset list as of 7/5/2023: USDC, USDT, BUSD, DAI, FRAX, WBTC, ETH, BNB, MATIC, WCRO, FTM, SOL, AVAX
  • Valid Pair: Any altcoin that is paired with a hard asset
  • Non-Valid Pair: All altcoin-altcoin pairs (any token paired with a non-hard asset)
  • Total Liquidity: The sum of ALL liquidity pools the token has (includes liquidity classified as ‘not valid’)
  • Total Valid Liquidity: The sum of only the valid liquidity pools
  • Total Extractable Liquidity: The sum of the hard assets liquidity in all of the valid pairs
  • Circulating Supply (CS): Tokens that are in circulation, pulled from CoinGecko
  • Market Capitalization (MCAP): The circulating supply multiplied by the spot price of the token, pulled from CoinGecko
  • Extractable Liquidity / MCAP ratio (EL/MCAP): Provides a ratio on the current extractable liquidity compared to the project's MCAP, used as a benchmark how much extractable liquidity a project should have based on its MCAP, expressed as a percentage
  • Sustainability Range: The acceptable range of Extractable Liquidity any project should have based on our methodology here.
    • Sustainability Range Upper Bound: The top of the sustainability range
    • Sustainability Range Lower Bound: The bottom of the sustainability range
  • Owned Liquidity: Liquidity that is held and owned by a protocol in a known protocol address, or ideally locked behind a vesting contract / in a gnosis safe, also known as protocol-owned liquidity (POL)
    • Owned Liquidity has 2 types:
      1. 1.
        Known Liquidity - Ownership addresses the ApeBond has manually verified and curated (or a 3rd party has submitted a PR)
      2. 2.
        Suspected Liquidity - Ownership addresses that ApeBond found through automated mechanics (such as searching block explorers and confirming the address is a multisig or locking contract) by checking the bytecode of the contract.
  • Rented Liquidity: Liquidity that is crowdsourced through yield farming or liquidity mining
  • Unlocked Supply: Tokens that are unlocked on-chain

Tags

Class
Description
DEX
Protocols where you can swap/trade cryptocurrency
Bond
Protocols that offer bonding (purely DeFi, anything to do with 'Real World Assets' goes in the RWA class
Lending
Protocols that allow users to borrow and lend assets / mint stable coins
Bridging
Protocols that bridge tokens from one network to another
Liquid Staking
Protocols that allow you to stake assets in exchange of a reward, plus the receipt for the staking position is tradable and liquid
Yield
Protocols that pay you a reward for your staking/LP on their platform
Stablecoin
Protocols that provide algorithmic stable coins OR stablecoins
Yield Aggregator
Protocols that aggregated yield from diverse protocols (largely vaults / dashboard)
Derivatives
Protocols for betting with leverage / options
Synthetics
Protocol that created a tokenized derivative that mimics the value of another asset.
Insurance/Security
Protocols that are designed to provide monetary protections / risk mitigation
Launchpad
Protocols that launch new projects and coins
NFT Launchpad
Protocols that launch NFTs
Real World Assets
Protocols that deal with any non-native crypto assets in any capacity (Tradfi fixed income, tokenized real estate, etc)
Metaverse
Projects that are building a metaverse experience
GameFi
Projects that have a clear 'playing' mechanic
X-2-Earn
Anything that is [blank] to earn (besides GameFi)
Wallet
Protocols that offer the ability to pay/send/receive cryptocurrency
Index
Protocols that have a way to track/created the performance of a group of related assets
NFT Marketplace
Protocols where users can buy/sell/rent NFTs
NFT's
Projects that are working with NFTs that dont fit other launchpads
Oracle
Protocols that connect data from the outside world (off-chain) with the blockchain world (on-chain)
Blockchain
Other L1's or L2's
Marketing Solution
Protocols that help with marketing
Social Media
Protocols that are moving Web2 social into Web3 in some capacity
Gambling
Protocols that facilitate any type of gambling
Memecoin
All the dog coins and their offshoots
AI
Projects that are leveraging AI, automation, etc
Infrastructure
Projects related to blockchain infrastructure and ease of building Dapps
CEX
A platform where users can trade cryptocurrencies through a central intermediary that facilitates and oversees all transactions.
Other
A place to park everything else