Kuru DeFi Cheatsheet All the terms you'll need for day 1 of Monad mainnet on Kuru and beyond. Smart aggregator: automatically sources the best price for a swap across multiple DEXs; splits orders across multiple venues for better execution and slippage. CLOB: Central-limit orderbook; bids & asks match like on centralized exchanges and in tradfi. AMM: Automated market maker; swap instantly with a liquidity pool. Liquidity: How easily you can trade without big price swings. Composability: The ability of a protocol to integrate with other apps, bots, vaults, etc. Slippage: The difference between the expected price and the actual executed price, caused by liquidity or market movement. Slippage Tolerance: The maximum price change a trader is willing to accept when executing a trade. LP: Liquidity provider; someone who deposits tokens into a pool or vault so others can trade. Impermanent Loss: A risk LPs face when providing liquidity to AMMs due to price changes in the underlying tokens. Market Maker: A trader or program that continuously places both buy and sell orders to provide liquidity and keep the market active. They make trading easier for others while profiting off the spread. Vault: Algorithm that uses user-deposited funds to provide deep liquidity for major pairs and repays the spread to depositors via yield. Spread: The difference between the highest bid price and lowest ask price. Bid: The price someone is willing to buy at. Ask: The price someone is willing to sell at. ...