XPlaseGlossary

The XPlace Glossary

Plain definitions for the words that move your money — crypto, cards, and the bits in between.

APY Bespoke desk Custody Credit Mode Collateral Cash Mode DeFi DeFi JitoSOL Kamino Finance LTV (Loan-to-Value) Liquidation Non-custodial Stablecoin USDC Yield

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16 terms

A-Z

1 term

APY

The yearly return on assets earning yield, including compounding.

1 term

Bespoke desk

A private service tier on Platinum: travel, reservations and access arranged for you personally.

4 terms

Custody

Who controls your funds. XPlace is non-custodial: you do.

Credit Mode

Borrowing against your assets the moment you tap, instead of selling.

Collateral

Assets you pledge to back a loan. With XPlace, they stay yours and stay invested.

Cash Mode

Spending your stablecoin balance directly from the card.

1 term

DeFi

Decentralised finance. Lending and earning through open, on-chain protocols you can audit yourself.

1 term

DeFi

The margin charged to convert currencies. 0% on Platinum.

1 term

JitoSOL

The margin charged to convert currencies. 0% on Platinum.

1 term

Kamino Finance

The non-custodial Solana protocol where XPlace assets earn yield.

2 terms

LTV (Loan-to-Value)

How much you've borrowed against your collateral, as a ratio. Lower is safer.

Liquidation

A forced sale of collateral when a loan crosses a threshold. Protection can step in before it happens.

1 term

Non-custodial

A setup where you, not the platform, hold your assets.

1 term

Stablecoin

A token pegged to a currency, like USDC to the dollar.

1 term

USDC

A dollar-pegged stablecoin. XPlace pays cashback in it.

1 term

Yield

The return your assets earn while deposited.