This is your wallet's public address. It is composed of a bunch of alphanumeric characters and it is derived from your private key.


Annual Percentage Rate is the rate of interest applied on an amount per year. APR tells you how much interest you’ll receive at the end of the year. In terms of loans, APR will tell you how much interest accrues to the amount you borrowed over a year.


Annual Percentage Yield is the actual rate of return earned on an investment, considering the compound interest.


The Algorand protocol supports the creation of on-chain assets that benefit from the same security, compatibility, speed, and ease of use as ALGO. The official name for these assets on the Algorand blockchain is Algorand Standard Assets (ASA).

Algorand Standard Assets can represent stablecoins, loyalty points, system credits, and in-game points just to name a few examples. ASAs can also represent single, unique assets like a deed for a house, collectible items, unique parts on a supply chain, etc. There is also optional functionality to place transfer restrictions on an asset that helps support securities, compliance, and certification use cases.

Learn more about ASAs here.


A dApp is a decentralized application whose code runs on a peer-to-peer network like blockchains instead of centralized servers.

Escrow account

An Escrow Account is an account that will hold the collateral of a user's loan until a withdrawal or a reduction of collateral occurs.


gALGO (Governance ALGO) is a wrapped version of ALGO, minted by Folks Finance and that allows users to participate in Algorand Foundation Governance without renouncing their liquidity. In other words, it is the Folks Finance Algorand Governance token and it is minted, at a one-to-one rate with the committed original ALGO in the Folks Finance platform. Therefore, users who minted gALGO during any relevant Governance commitment period are eligible to participate in the Algorand Foundation Governance and any Folks Finance proposals related to it. Users can use their gALGO freely in the ecosystem: for example as collateral on Folks Finance, to interact with DEXs, to purchase NFTs, and so on.


In decentralized lending protocols, users can open a loan without third-party interactions. Users simply need to deposit crypto-assets and use them as collateral to open a loan. Due to market volatility, the value of a borrower's collateral may increase or decrease, and if the ratio between a borrower's collateral and that user's borrowing amount reaches a warning level, the borrower will be liquidated. In the event of liquidation, a user will lose some or all of the collateral.


The liquidators are typically automated software (bots) that buy the discounted liquidated collateral at the expense of the borrower.


Before an account can receive a specific asset, it must opt-in to receive it. An opt-in transaction places an asset holding of 0 into the account and increases its minimum balance by 100,000 microAlgos. An opt-in transaction is simply an asset transfer with an amount of 0, both to and from the account opting-in.


Rekeying is a powerful protocol feature which enables an Algorand account holder to maintain a static public address while dynamically rotating the authoritative private spending key(s). Think of it like changing the locks to your home.

Transaction ID

A transaction ID is a string of letters and numbers that identifies a specific transaction on the blockchain.


xALGO is an interest-bearing asset that brings Algorand governance yield to other chains, allowing for a continuous governance commitment without periodic burning.


xGov (short for Expert Governor) is a selected group of decentralized decision makers who demonstrate their commitment to the Algorand community and possess a deep understanding of the blockchain. xGovs shall be tasked with determining the distribution of certain grant funds (amongst other things) via decentralized proposal generation and voting.

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