Mitosis University

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Glossary

Treasury

A treasury in Web3 refers to the pool of funds or digital assets collectively owned and managed by a DAO, protocol, or decentralized community. It serves as the financial backbone of the organization, enabling it to fund development, pay contributors, invest in partnerships, and support long-term growth. Treasury assets typically

Token Unlock

Token unlock refers to the scheduled release of locked or vested tokens into circulation, typically as part of a project’s tokenomics. Unlocks occur after a predefined vesting period and often affect founders, team members, investors, advisors, or ecosystem funds. Token unlocks can have a major impact on market dynamics,

Testnet

A testnet is a public or private testing environment that replicates the functionality of a blockchain's mainnet but uses valueless tokens. Developers use testnets to experiment, deploy, and debug smart contracts or network upgrades without risking real assets. Testnets are essential for ensuring the stability, security, and performance

Utility Token

A utility token is a type of cryptocurrency that provides access to a specific product, service, or functionality within a blockchain ecosystem. Unlike governance tokens, which confer voting rights, utility tokens are designed primarily to be used within a platform — such as paying for services, interacting with dApps, earning rewards,

Validator

A validator is a participant in a proof-of-stake (PoS) or similar consensus-based blockchain network responsible for verifying transactions, proposing new blocks, and maintaining network integrity. Validators replace miners in PoS systems by locking up a certain amount of cryptocurrency (staking) as collateral to earn the right to validate blocks and

Voting Power

Voting power refers to the influence a participant holds in a governance system, typically measured by the number of governance tokens they own or have delegated to them. In Web3, voting power is used to propose, support, or reject decisions in DAOs, protocols, and decentralized platforms. The more voting power

Vault

A vault in DeFi is a smart contract that automates yield-generating strategies by pooling users' assets and optimizing how they are deployed across various protocols. Vaults are the core feature of many yield aggregators, allowing users to earn passive income without manually managing deposits, rewards, or compounding. Once funds