Annual Percentage Rate, is the annualized interest rate without taking the effect of compounding into account
Annual Percentage Yield, is the normalized representation of an interest rate, based on a compounding period over one year. Note that APYs provided are rather ballpark level indicators and not so much precise future results.
Bond Control Variable, is the scaling factor at which bond prices change. A higher BCV means a lower discount for bonders and higher inflation by the protocol. A lower BCV means a higher discount for bonders and lower inflation by the protocol.
Decentralized Autonomous Organization, is a governance mechanism for making decisions in a more trustless and collaborative way. Voting rights are often bound to a governance token. In Asgard DAO the governance token is sAsgard.
Deflation Control Variable, is the scaling factor at which protocol defined buy pressure changes. A higher DCV means more buy pressure from the protocol, resulting in a higher deflation. A lower DCV means less buy pressure from the protocol, resulting in a lower deflation.
Liquidity bonds are LP token bonds. An example is ASGARD-BUSD LP bond.
Protocol Controlled Value, is the amount of funds the treasury owns and controls. The more PCV the better for the protocol and its users.
Protocol Owned Liquidity, is the amount of LP the treasury owns and controls. The more POL the better for the protocol and its users.
Proof of Reserve, is the mechanism of strengthening the reserve of ASGARD DAO treasury via the sales of bonds. Bonders provide liquidity to the treasury, thereby building its reserve. In return for their service, bonders get paid in ASGARD.
Reward rate is the configured percentage of Asgard distributed to all stakers on each rebase relative to the total supply. The reward rate is precisely set by the policy team.
Risk Free Value, is the amount of funds the treasury guarantees to use for backing Asgard.
Total Value Locked, is the dollar amount of all Asgard staked in the protocol. This metric is often used as growth or health indicator in DeFi projects.
Treasury as a Service, is the business model of decentralized custody of partnership funds. Asgard DAO is designed for TaaS by selling bonds and absorbing partners' liquidity into its treasury as a result.