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Glossary
KASH is a USD-pegged stable coin that is backed by interest bearing tokens for the Kairos Cash protocol.
The KLAYswap Protocol token (KSP) is a governance token that determines important agendas, such as distributing KSP rewards to each liquidity pool of KLAYswap or changing exchange fees.
KLAY is a native digital asset that fuels and secures the Klaytn protocol. It can be used in various ways, such as transaction fees, the medium of exchange, staking, collateral for secondary tokens, etc.
KDAI is a stablecoin backed by interest bearing tokens issued by Klaytn. It is native of the Klaytn Ecosystem.
KSD is a crypto-collateralized decentralized stablecoin and the value of which is soft-pegged to USD. KSD is issued by Kokoa Finance based on Klaytn.
Annual Percentage Rate, is the annualized interest rate without taking the effect of compounding into account.
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.
Bond Control Variable, is the scaling factor at which bond 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.
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 Kronos DAO the governance token is sKRNO, and we expect the voting page to be up as soon as possible, stay tuned!.
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.
Liquidity bonds are all the bonds that allows users to mint KRNO using LP token. An Example is KRNO-KDAI LP bonds.
Protocol Controlled Value, is the amount of funds the treasury owns and controls. The more PCV the better for the protocol and its users.
Protocol Owned Liquidity, is the amount of LP the treasury owns and controls. The more POL the better for the protocol and its users.
Proof of Reserve, is the mechanism of strengthening the reserve of Kronos DAO treasury via the sales of bonds (i.e Minting new KRNO). Minters provide liquidity to the treasury, thereby building its reserve. In return for their service, bonders get paid in KRNO.
Reserve bonds are all the bonds that allows users to MINT KRNO using single assets. They are sometimes referred to as "naked" bonds. Examples are KDAI bonds.
Reward rate is the configured percentage of KRNO distributed to all stakers on each rebase relative to the total supply. The reward rate is precisely set by the policy team.
Reward yield refers to the actual amount of KRNO 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 KRNO staked.
Backing per KRNO, is the amount of funds the treasury guarantees to use for backing KRNO.
Liquidity Provider token, is the token received when providing liquidity on DEXs. For instance liquidity bonds will require LP tokens of the KRNO-KDAI pair from KLAYswap!
Total Value Locked, is the dollar amount of all KRNO staked in the protocol. This metric is often used as growth or health indicator in DeFi projects.
Treasury as a Service, is the business model of decentralized custody of partnership funds. Kronos DAO is designed for TaaS by selling bonds and absorbing partners' liquidity into its treasury as a result.
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.
Last modified 1yr ago