Looper Finance Docs
Search…
⌃K

Glossary

APR

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

APY

Annual Percentage Yield (APY), 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 you should not consider it as a precise prediction of future results.

DCV

Deflation Control Variable (DCV), 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 (EVM), 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 (PCV), 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 (POL), is the amount of LP the treasury owns and controls. The more POL the better for the protocol and its users.

PoR

Proof of Reserve (PoR), is the mechanism of strengthening the reserve of Looper Finance's treasury via the sales of bonds.

Rebase Rate

Rebase rate is the configured percentage of LOOP Token distributed to all Loopers on each rebase rebase. The APY varies for each Looper.

Daily Return

Daily return refers to the actual amount of eBalance received by each Looper on each rebase.

Treasury

Treasury, is the dollar amount of funds the treasury currently holds for each LOOP Token.

LP

Liquidity Provider (LP), is the token received when providing liquidity on Dex. For instance, LP bonds need LP tokens of the LOOPTOKEN-USDT pair.

TVL

Total Value Locked (TVL), is the dollar amount of all LOOP Tokens locked in the protocol. This metric is often used as a growth or health indicator in DeFi projects.

TaaS

Treasury as a Service (TaaS), is the business model of decentralized custody of partnership funds. Looper Finance is designed for TaaS by their taxation system and absorbing partners' liquidity into its treasury as a result.

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.
Last modified 7mo ago