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Glossary

APY

Annual Percentage Yield, is the normalised representation of an interest rate, based on a compounding period over a year. It's important to note that APY is more of a long-shot and is actually dynamic depending on the market.
In the reserve currency market the average APY averages 10,000% (emphasise how insane that is, of course cause it's early, but if you saved a Starbucks ($4) you’d have $404 after a year, $40,804 after 2 years, $4,121,204 after 3 years. And to put it in better perspective you’d have made a million dollars off of a latte on Starbucks before the next olympics in Paris!

APR

Annual Percentage Rate, is the annualised interest rate without taking the effect of compounding into account.

BCV

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

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.

Liquidity Bonds

Liquidity bonds are LP token bonds. Examples are BBY-USDC LP bonds.

PoR

Proof of Reserve, is the mechanism of strengthening the reserve of BABYLON's treasury through bonds. Bonders provide liquidity to the treasury, thereby building its reserve. In return for their service, bonders get paid in BBY.

Reserve Bonds

Reserve bonds are single asset bonds. They are sometimes referred to as "naked" bonds.

Reward Yield

Reward yield refers to the actual amount of BBY 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 things like fluctuating amounts of BBY staked.

RFV

Risk Free Value, is the amount of funds the treasury guarantees to use for backing BABYLON.

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.

TVL

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

LP

Liquidity Provider, is the token received when providing liquidity on pools like Raydium. For instance LP bonds require LP tokens of the BBY/SOLANA pair.

Reward Rate

Reward rate is the configured percentage of BBY distributed to all stakers on each rebase relative to the total supply. The reward rate is precisely set by the policy team.

POL

Protocol Owned Liquidity, is the concept that the liquidity used by the protocol is almost entirely owned by the protocol. This marks the birth of DeFi 2.0 and would be the basis of BabylonSwap.

Time in Babylon

  • Simanu: Seasonal hour (typically an hour in your location) and traditionally ranged from 59.41 minutes to 60.59 minutes in our location.
  • UŠ: Traditionally is approximately 4 minutes.
  • Béru: Traditionally is about 12 hours

Esagila

The sacred temple of the great god Marduk (pronounced Marutuk) of Babylon.

Kish

Some of the wealthy of Babylon, a role given to those that boost the discord server.

Assyrians

In the time of Hammurabi, the soldier army of Babylon. Those who are assyrians have the duty to defend their empire at all costs.

Uruks

These are some of the holiest of the land, in the ancient times these were the ones that could communicate at times to god Marduk. The Uruks are to stake their feast offering to Marduk forever.

Marduk

The ancient god of Babylon. All prayers of the Babylonians eventually go to him and he has a habit of answering!

Treasury

The primary centre for depositing all the liquidity inflow. The Federal Reserve of the protocol.

NGMI

Not Gonna Make It, if you're just finding out chances are this is your fate.

Stable-coins

Stable-coins are cryptocurrencies that are meant to be pegged to a reserve asset, such as gold or the U.S. dollar, but are not issued by a central bank. Some use assets such as Ether, Dai.
USD Coin (known by its ticker USDC) is a stablecoin that is pegged to the U.S. dollar on a 1:1 basis. Every unit of this cryptocurrency in circulation is backed up by $1 that is held in reserve, in a mix of cash and short-term U.S. Treasury bonds. The Centre consortium is behind the asset.

Federal Reserve

The Federal Reserve System is the central banking system of the United States of America. The Feds are most likely ngmi.

Burn & Mint

Mint is the act of introducing new BBY in circulation whilst Burn is the opposite, ie removing from circulation.

AMM

Automated Market Maker, is the underlying protocol that powers all decentralised exchanges (DEXs). Simply put, they are autonomous trading mechanisms that eliminate the need for centralised exchanges and related market-making techniques. In this guide, we will explore how automated market makers work.

ROI

Return on Investment, this is the amount expected to get back when you put in an investment.

Fren

Friends, they generally make it.

DEX

Decentralised exchange.

VC

Venture Capital(ist), although they're Frens not all end up making it.

Lycanthropy

Lycanthropy is an unusual belief or delusion in which the patient thinks that he/she has been transformed into an animal. In rare cases, the patient believes that another person has been transformed into an animal.

FUD

Fear, uncertainty and doubt.

HFSP

Have Fun Staying Poor!

Enki

Enki was the shaper of the world as well as god of wisdom, intellect, and magic. He invented the plough and was responsible for making plants grow. He is drawn holding Zu, the storm bird. He was god of the city of Eridu.

Alfa

Something that generally makes a degen happy, never cool when farmed projects don't deliver (we see you Paraswap and Saddle)

Erib-biti

He's the high priest of Babylon. He's the one that anoints in the ancient city.
probably nothing (turned out to be something)