Glossary of Terms

APR

Annual Percentage Rate

The annualised interest rate, not accounting for compounding

APY

Annual Percentage Yield

The annualised interest rate, 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.

DAO

Decentralized Autonomous Organization

A governance mechanism for making decisions in a more trustless and collaborative way. Voting rights are often bound to a governance token. In MOVE DAO the governance token is MOVE, and we expect the voting page to be up as soon as possible, stay tuned!.

DCV

Deflation Control Variable

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

Liquidity bonds

All the bonds that allows users to mint MOVE using LP token. An Example is MOVE-USDT LP bonds.

PCV

Protocol-Controled Value

The value of the treasury controlled by the protocol. A higher value is better for the protocol and its users

POL

Protocol Owned Liquidity

The amount of LP the treasury owns and controls. The more POL the better for the protocol and its users.

PoR

Proof of Reserve

The mechanism of strengthening the reserve of MOVE DAO treasury via the sales of bonds (i.e Minting new MOVE). Bonders provide liquidity to the treasury, thereby building its reserve. In return for their service, bonders get paid in MOVE.

Reserve Bonds

Reserve bonds

All the bonds that allows users to mint MOVE using single assets. They are sometimes referred to as "naked" bonds. Examples are USDT bonds.

Reward Rate

Reward rate

The configured percentage of MOVE distributed to all stakers on each rebase relative to the total supply. The reward rate is precisely set by the policy team.

Reward Yield

Reward yield

The actual amount of MOVE received by each staker on each rebase. The reward yield is a rough target from a policy point of view. It can almost never be maintained precisely due to e.g. fluctuating amounts of MOVE staked.

Backing per MOVE

Backing per MOVE

The amount of funds the treasury guarantees to use for backing MOVE.

LP

Liquidity Provider token

The token received when providing liquidity on DEXs. For instance liquidity bonds will require require LP tokens of the MOVE-APT pair from Pancakeswap!.

TVL

Total Value Locked

The dollar amount of all MOVE staked in the protocol. This metric is often used as growth or health indicator in DeFi projects.