In this section I will give a brief overview of common acronyms and terms you may be new to.
Algorithmic Stablecoins are variants of cryptocurrency that aim to improve price stability without having to back by reserve assets. These are instead based on an algorithm or a set of rules made to balance the supply and demand of the coin.
Annual Percentage Rate. The annual rate of return that your capital will gain in a year.
Annual Percentage Yield. The annual rate of return that your capital will gain taking into consideration compounding.
Refers to anything with economic value.
An autocompounder is a protocol where you can stake your tokens or liquidity pairs and earn interest which you will see as APY
The technology running in the background of cryptocurrencies that keeps everything decentralized. It is a digital form of record keeping.
The boardroom is a mechanism to lock your share token up for a certain amount of epochs and in return (granted the TWAP is above 1.01) you are given a percentage of the peg token inflation each epoch. It is, in simple terms, a locked single stake of the share token asset with a few parameters.
It is a structure that has one governing body that regulates and oversees all orders.
The native/base coin of the blockchain
It is the process of reinvesting your earnings in order to generate even bigger earnings.
Combination of cryptography and currency: A digital currency secured by advanced mathematical algorithms.
It is the study of secure communication techniques that allows only the sender and intended recipient of a message to view its contents.
A medium of exchange
Annual Percentage Rate divided by 365 days
Decentralized Autonomous Organization. An automated and decentralized organization that needs no leadership team or board of directors to make decisions and enact policies. The community votes are weighted based on the number of tokens they carry.
The opposite of centralized -- this structure allows peer-to-peer orders, people dealing with each other directly, instead of having orders regulated by a single governing body.
DeFi is a financial technology that uses blockchains to provide secure distributed ledgers. It removes the control of banks or other institutions on money and financial services.
A token goes into a deflationary phase and becomes a deflationary token when no new supply can be minted anymore as it hits its maximum supply.
This refers to the desire or willingness of a person to pay for a specific good or service
Decrease in value.
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Refers to a period of time. For Frozen Walrus Finance an EPOCH is set for every 6 hours.
A fork happens whenever a community makes a change to the blockchain’s protocol or basic set of rules. When this happens, the chain splits — producing a second blockchain that shares all of its history with the original, but is headed off in a new direction.
Fees we pay for every transaction on the blockchain. In $WLRS or $WSHARE it is paid in AVAX.
The term "Golden Goose" is based on a literary fable that tells the tale of a goose laying golden eggs. It refers to a person, thing, or organization that is or has the potential to earn a lot of money for a long period of time.
Impermanent loss happens when the price of your tokens changes compared to when you deposited them in the pool.
A record-keeping system used to record information available for public use.
The ease of buying and selling the tokens. The higher the volume, meaning more funds are being traded, the higher the liquidity
A liquidity pool can be thought of as a pot of cryptocurrency assets locked within a smart contract, which can be used for exchanges, loans, and other applications.
The process of creating new supply of tokens (also known as “printing money”) through smart contracts.
A network is a bunch of projects or protocols within a coin or token like Fantom. These provide both liquidity and uses(use cases) for the tokens in the network, and for the main token as well.
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Refers to something people can modify and share because its design is publicly accessible.
The value we aim for and in the case of this protocol, it’s 1.01 USDC.e or more per $WLRS.
A protocol consists of basic sets of rules that allow data to be shared between computers
Any LP or native tokens that the DAO fund controls, making for a healthier protocol as it backs itself.
This is used widely in cryptocurrency in order to validate transactions. It requires members of the network put in the effort to solve a difficult mathematical problem to prevent hacks in the system.
Created as an alternative for the Proof-of-Work that allows cryptocurrency owners to validate transactions based on the number of coins a validator stakes.
Pump and dump is a manipulation scheme that individuals or an entity will accumulate the buying of an asset and artificially inflate the price and once the price is increased (pumping) they will start selling it off (dumping).
A scam. It usually happens when crypto or virtual asset project developers manipulate a token's perceived worth and then abandon the project while taking investor funds with them.
It is a self-executing contract with the terms of the agreement between buyer and seller being directly written into lines of code
This is a variant of cryptocurrencies that attempt to offer price stability and are backed by a reserve asset.
The process of locking in your tokens into the protocol in exchange for rewards.
It is the total amount of a specific good or service that is available for the people.
This refers to forms of currency and other valuable tools that are developed on a blockchain that they’re not native to ($WLRS is a token while $AVAX is the coin).
Total Value Locked or the total amount in USD invested in the project.
Time-Weighted Average Price.
Real-world use for a token.
It is the measure of how much the price of an asset fluctuates over a period of time.
A crypto wallet stores your private keys(your unique identifier usually generated by the computer) to be able to access your assets and make transactions on the blockchain.