DLMM

Dynamic Liquidity Market Maker - Meteora's advanced AMM that supports concentrated and active liquidity management.

ROI

Return on Investment - The performance metric of an LP strategy.

IL

Impermanent loss occurs when the value of a token rises or falls after a trader has deposited it in a liquidity pool.

TVL

Total value locked (TVL) measures the U.S. dollar value of assets locked on a blockchain.

APR/APY

Annual Percentage Rate / Annual Percentage Yield measures of return on investment over a year.

DEX

Decentralized Exchange is an exchange protocol that operates without a central authority.

LP

Liquidity Provider - Someone who provides assets to a liquidity pool in exchange for rewards.

AMM

Automated Market Maker - A type of decentralized exchange protocol that uses liquidity pools instead of a traditional order book.