# Terminologies

**DECENTRALIZATION**

Blendverse Finance is Decentralized. Therefore, operates on a decentralized network and an open ledger known as Blockchain (Polygon). This decentralized nature of Blendverse gives users a greater control over their finances.

**SMART CONTRACTS**

Blendverse Finance and DeFi applications at large leverage smart contracts to automate transparent, immutable and enforce the terms of financial agreements. Note that smart contracts are self-executing blockchain programs that automatically execute transactions when specific conditions are met.

**OPEN AND PERMISSIONLESS**

The Blendverse Finance and the DeFi space generally are open to individuals or groups who wishes to explore. Users are basically not required to go through traditional concierges or undergo extensive yet annoying verification processes.

**DECENTRALIZED EXCHANGES**

Blendverse Decentralized Finance will launch its DEX alongside with token launch. This will enable users to trade cryptocurrencies directly with each other without relying on a centralized intermediary. The Blendverse DEX will use an automated market-making algorithms or liquidity pools to facilitate trading in the Blendverse Dex.

**YIELD FARMING**

In the the Blendverse platform, users can opt to use various DeFi protocols to optimize returns on cryptocurrency holdings. Blendverse users can wish to provide liquidity and earn additional tokens as rewards.
