Glossary

IN

Sol Invictus (IN) is the decentralized reserve currency of Solana backed by various treasury assets.

APR

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

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 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.

LP Bonds

LP Bonds, is a type of bond that allows users to exchange IN-USDC LP tokens in return for IN tokens at a premium, vested for 5 days.

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.
Last modified 5mo ago
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