# Glossary

* **Arbitrum network:** A Layer 2 scaling solution for Ethereum that offers fast processing times and low transaction fees.
* **Bonding:** a feature that allows users to lock their investment for a given period of time to earn higher rewards.
* **Bonding curve:** A mathematical curve that determines the price of a token based on its supply. This model is used to distribute rewards in a sustainable and fair manner.
* **Decentralized Finance (DeFi):** A financial system built on blockchain technology that allows for decentralized, permissionless access to financial services.
* **Fractal Fractional Reserve System:** A highly secure and scalable framework used to handle transactions in our project.
* **Governance:** The process of making decisions and setting policies for a project or organization. In a decentralized system, governance is often community-driven.
* **Liquidity:** The degree to which an asset can be bought or sold in the market without affecting its price.
* **Proof-of-stake (PoS):** A consensus mechanism in which validators are selected to create new blocks based on the amount of cryptocurrency they hold and "stake" in the network.
* **Staking:** The process of holding cryptocurrency to support the operations of a blockchain network and earn rewards in return.
* **Transaction fees:** Fees paid by users to process transactions on a blockchain network. These fees can vary depending on network congestion and other factors.


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