📚 DAY 10 - Learn all Crypto terms in 30 days
🔹 1. Degen (Degenerate Trader)
→ A type of trader who takes high risks without following clear fundamental or technical analysis.
📌 Characteristics:
All-in on obscure coins, new memes, unaudited
Usually enters because of hype, rumors, FOMO
⚠️ Easy to win quickly but also easy to lose funds unexpectedly
🔹 2. Liquidity Pool (LP)
→ A place where users provide tokens for others to trade on DEXs like Uniswap, PancakeSwap…
📌 When you provide LP = you earn transaction fees → called fee farming
⚠️ But if the two tokens in the pair fluctuate strongly → it may cause Impermanent Loss
🔹 3. Airdrop Farming
→ A strategy to engage early with projects (swap, bridge, mint NFT…) in hopes of receiving an airdrop later.
📌 Common with: ZkSync, LayerZero, Starknet...
⚠️ But if you spam, use tools, or have too many cloned wallets → you may get excluded
🔹 4. Sniper Bot
→ A bot programmed to buy tokens extremely quickly as soon as they are listed on DEX.
📌 Usually used when the token just lists to capture the first pump
⚠️ Risks:
Getting scammed by a token (bot gets tricked)
Being blocked by the developer changing the contract, halting transactions → heavy losses
Entry price pushed high → no liquidity to exit