Asset wrapping: It is also called ‘minting’ or ‘bridging’. The process of bringing an asset from one chain and converting it across to another. This can be done by locking away one asset for the equivalent value of another on the other chain. The reverse process is called ‘unlocking’ or ‘unwrapping’ where you burn the wrapped assets like goBTC or goETH while retrieving the original assets like BTC, ETH, etc.
Community governance: An on-chain governance model which allows users to vote on DeFi project changes directly from the blockchain. This is an important part of the decentralisation process of a project and is the ultimate goal of many Web3 projects, including but not limited to DeFi.