REKT
By CoinGecko | Updated on Mar 03, 2020
A shorthand slang for “wrecked”, typically describes bad trades that results in losses.
Outside of the crypto trading world, rekt is essentially the slang used to describe a bad situation.
Related Terms
Frontrun
To intercept a particularly large AMM buy order for the purpose of purchasing an reselling the assets back to the buyer before the order transaction is mind on the blockchain.
Seed
A value used to initiate generation of pseudorandom number, ususally a string of 12 commen English words.
Metaverse
The Metaverse is a virtual space where users are able to interact with each other in a computer generated environment.
Decentralized Finance (DeFi)
Decentralized Finance (DeFi) refers to the movement of building decentralized financial applications that have no central authority and is censorship free.
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