Decode finance jargon with Kite

Or try:

Terms starting with G

Showing 3 of 3

Explain it like a bankFlips every card at once

Gas

also called gas fee, network fee

What the network charges to include your transaction in a block. It goes to whoever is running the infrastructure rather than to the app you are using, and the price climbs whenever the chain is busy.

Network Gas price Account abstraction

Gas

What you already know this as

The interchange and network fee inside a card payment, or the SWIFT charge on a wire. Always there, usually invisible, occasionally enormous.

In Kite: Gas fees are on us. You do not hold a separate token to pay them.

Gas price

→

The rate you are charged for each unit of computation. Bid higher and you get processed sooner, which is why fees spike when everyone wants in at once.

Gas Network Confirmation

Gas price

What you already know this as

Paying for a priority wire instead of standard clearing, or courier express instead of next week.

Governance token

→

A token that turns holding into voting power over how a protocol is run, from fee levels to upgrades.

DAO Token Protocol

Governance token

What you already know this as

Voting shares, or a co-operative membership vote.

All 3 terms shown.