Annual Percentage Rate
The annualised interest rate without taking the effect of compounding into account
Annual Percentage Yield
The annualised interest rate taking the effect of compounding into account
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.
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 MAMA DAO the governance token is sMAMA, and we expect the voting page to be up as soon as possible, stay tuned!.
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.
Ethereum Virtual Machine
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. Polygon is an EVM Compatible Netwrok!
An epoch is an era of time within a blockchain network. It serves as a reference point from which time is measured.
All the bonds that allows users to mint MAMA using LP token. An Example is MAMA-DAI LP bonds.
A type of investment that pools funding from many individuals to invest in a wide range of assets.
The value of the treasury controlled by the protocol. A higher value is better for the protocol and its users.
Protocol Owned Liquidity
The amount of LP the treasury owns and controls. The more POL the better for the protocol and its users.
Proof of Reserve
The mechanism of strengthening the reserve of MAMA DAO treasury via the sales of bonds (i.e Minting new MAMA). Bonders provide liquidity to the treasury, thereby building its reserve. In return for their service, bonders get paid in MAMA.
All the bonds that allows users to mint MAMA using single assets. They are sometimes referred to as "naked" bonds. Examples are DAI bonds.
The configured percentage of MAMA is distributed to all stakers on each rebase relative to the total supply. The reward rate is precisely set by the policy team.
The actual amount of MAMA 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 MAMA staked.
Backing per MAMA
The amount of funds the treasury guarantees to use for backing MAMA.
Liquidity Provider token
The token is received when providing liquidity on DEXs. For instance, liquidity bonds will require LP tokens of the MAMA-DAI pair from Quickswap.
Total Value Locked
The dollar amount of all MAMA staked in the protocol. This metric is often used as growth or health indicator in DeFi projects.
Treasury as a Service
The business model of decentralized custody of partnership funds. MAMA DAO is designed for TaaS by selling bonds and absorbing partners' liquidity into its treasury as a result.