deposit

Phonetic: /dɪˈpɒzɪt/

Part of Speech: noun

Category: To be determined

In most web3 contexts, 'depositing' refers to the act of transferring some amount of token(s) to an address other than one's own, most often to a smart contract controlled by a 'protocol', such as a decentralized exchange, video game or multiverse, DAO, etc. Generally, the user will receive something in return for their deposit, and the deposit can be claimed at the user's discretion, or upon completion of given conditions. Compare with 'stake'.

Definition source: Mapachurro probably wrote this.

Sample sentence

N/A

Additional definitions

Extended definition

No extended definition. ...yet

This word came from... the ether

Date first recorded: Unknown

Commentary

No commentary on this. ...yet

Read this entry in:

العربية | 中文-简体 | 中文-繁體 | nederlands | français | deutsch | eλληνικά | english-uk | english-us | hausa | हिन्दी | magyar | bahasa-indonesia | italiano | 日本語 | 한국어 | فارسی | bahasa-melayu | pidgin | polski | português-brasil | română | русский | español-latinoamérica | tagalog | ไทย | türkçe | українська | tiếng-việt