Glossary of Terms
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Annual Percentage Rate
The annualised interest rate, not accounting for compounding
Annual Percentage Yield
The annualised interest rate, accounting for compounding
Bond Control Variable
The scaling variable controlling bond prices. A higher BCV means a lower discount to bonders and higher inflation of the protocol. A lower BCV means higher discount for bonders and lower inflation of the protocol.
Decentralised Autonomous Organisation
A governance mechanism by which decisions are more trustless and collaborative. Votes are made using a governance token.
The value of the treasury controlled by the protocol. A higher value is better.
The amount of its own liquidity the protocol owns. Higher is better.
The amount of funds the treasury holds.
Total Value Locked
The total sum of the value staked in Hector Network in Dollars. A growing TVL is a sign of growth.