Cryptocurrency Acronyms and Meaning

DeFi
Decentralised finance (DeFi), inspired by standard centralised financial
services, is software built on top of a blockchain that enables the creation
of services with the added characteristic of being run on a distributed ledger. Users interact - often indirectly, through a front-end user experience - with smart contracts and code rather than a
central authority or intermediary, such as a bank.

DYOR
DYOR stands for 'do your own research.' In crypto, it's commonly used to remind investors to vet a
project before investing.

FOMO
Short for 'fear of missing out, in crypto, FOMO refers to a trader's or investor's
fear they may be missing out on a potentially lucrative opportunity. It has been seen as a major driving force
behind the rapid rise and fall of Bitcoin's price in 2017. This fear can drive individuals to act impulsively and make investment decisions based on
emotion, rather than logic and reasoning. FOMO can strongly impact cryptocurrency prices and cause major volatility in crypto markets. It can also lead investors to incur far
greater financial losses.