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.

BCV

Bond Control Variable, is the scaling factor at which mint prices change. A higher BCV means a lower discount for minters and higher inflation by the protocol. A lower BCV means a higher discount for minters and lower inflation by the protocol.

TaaS

Treasury as a Service, is the business model of decentralized custody of partnership funds. GGDAO is designed for TaaS by issuing mints and absorbing partners' liquidity into its treasury as a result.

DAO

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 AG DAO the governance tokens are multichain APE-X and GG on BSC.

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.

Liquidity Bonds

Liquidity mints are LP token mints. Examples are GG/BUSD LP mints and GG/BNB LP mints.

PCV

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

POL

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

PoR

Proof of Reserve, is the mechanism of strengthening the reserve of GGDAO collateral pool via the sales of mints. Bonders provide liquidity to the collateral pool, thereby building its reserve. In return for their service, minters get paid in GG.

Reserve Bonds

Reserve mints are single asset mints. They are sometimes referred to as "naked" mints. Examples are BUSD mints and BNB mints.

Reward Rate

Reward rate is the configured percentage of GG 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 refers to the actual amount of GG 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 GG staked.

RFV

Risk Free Value, is the amount of funds the collateral pool guarantees to use for backing GG.

PLP

Pancake Liquidity Provider, is the token received when providing liquidity on Pancake Swap. For instance LP mints require JLP tokens of the GG/BUSD pair.

TVL

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

TWAP

Time Weighted Average Price, 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.