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.
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