💊ShapeShift DAO Terminology

Some common terms that may be referenced

DAO - Decentralized Autonomous Organization. Learn about our DAO's specific structure here.

FOX - This is ShapeShift's governance token. It is an ERC20 token. ERC20 tokens are a second layer protocol on the Ethereum blockchain. All ERC20 tokens require ETH to send them across the Ethereum blockchain.

FOX Liquidity Providing - This is when you provide equal amounts of FOX and ETH to the UniSwap v2 FOX-ETH Liquidity pool. This gives that liquidity pool depth and lowers the price impact of swaps.

FOX-ETH LP Tokens - When you provide liquidity, UniSwap sends you back a FOX-ETH LP tokens. Think of these as a coat check ticket that you give back to UniSwap when you want to remove your liquidity.

FOX Staking - This is when you send your FOX-ETH LP Tokens to the FOX Staking Contract so you can earn additional FOX Token rewards.

FOX Farming - After you stake your FOX-ETH LP Tokens in the FOX Staking Contract, the FOX Token Rewards you earn is also know as Farming or Yield Farming.