Glossary

APR

Annual Percentage Rate, is the annualized interest rate without taking the effect of compounding into account.

APY

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.

DCV

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.

EVM

Ethereum Virtual Machine, is a state machine in which all Ethereum accounts and smart contracts live. At any given block in the chain, Ethereum has one and only one canonical state, and the EVM is what defines the rules for computing a new valid state from block to block.

PCV

Protocol Controlled Value, is the amount of funds the treasury owns and controls. The more PCV the better for the protocol and its users.

POL

Protocol Owned Liquidity, is the amount of LP the treasury owns and controls. The more POL the better for the protocol and its users.

Reward Rate

Reward rate is the configured percentage of VERTICAL distributed to all stakers on each rebase relative to the total supply. The APY can be adjusted by the community but is currently fixed at 99,900%.

Reward Yield

Reward yield refers to the actual amount of VERTICAL received by each staker on each rebase.

RFV

Risk Free Value, is the amount of Stable-coins (which is pegged to 1 US Dollar) that treasury holds.

TVL

Total Value Locked, is the dollar amount of all AFTERBURNER staked in the protocol. This metric is often used as growth or health indicator in DeFi projects.

TWAP

Time Weighted Average Price (TWAP), is the average price of an asset over a specified time. TWAPs are used to represent the fair value of an asset as defined by the market.