Glossary of Terms

APY

Annual Percentage Yield

The annualised interest rate, accounting for compounding

APR

Annual Percentage Rate

The annualised interest rate, not accounting for compounding

BCV

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.

DCV

Deflation Control Variable

The scaling variable governing buying pressure from the protocol. A higher DCV leads to higher buying pressure from the protocol and stronger deflation. A lower DCV leads to lower buying pressure from the protocol and weaker deflation.

DAO

Decentralised Autonomous Organisation

A democratic governance mechanism by which decisions are more trustless and collaborative. Votes are made democratic using a governance token, in our case sAOE

PCV

Protocol-Controled Value

The value of the treasury controlled by the protocol. A higher value is better.

POL

Protocol-Owned Liquidity

The amount of its own liquidity the protocol owns. Higher is better.

TVL

Total Value Locked

The total sum of the value staked in the Athen DAO in Dollars. A growing TVL is a sign of growth.

RFV

Risk-Free Value

The amount of funds the treasury guarantees as backing for AOE.