DEX - Decentralised Exchange

AMM- Automated Market Maker (A popular type of DEX in Web3 that facilitates the trading of cryptos, without the need for traditional order books like in Trad-Fi.

LP - Liquidity Provider token that is given out when a user deposits into a liquidity pool.

Impermanent Loss (IL) - If the price of Asset A increases compared to Asset B, the liquidity provider would have been better off holding more of Asset A directly rather than providing liquidity. The difference between the value of the LP tokens and the hypothetical value if the assets were held directly is the impermanent loss.

UX - User Experience

UI - User Interface

Yield - The annual interest paid for providing liquidity / staking.

Staking - Locking up tokens, in return for yield.