Glossary

APY

Lending APY and Borrow APY are present for the returns you will receive when deposit to a vault and the cost of borrowing an asset from a vault.

BSC - Binance Smart Chain

Binance Smart Chain is a blockchain network where #dev DeFi is built on.

DeFi - Decentralized Finance

Decentralized finance is a blockchain-based form of finance that does not rely on central financial intermediaries such as brokerages, exchanges, or banks to offer traditional financial instruments, and instead utilizes smart contracts on blockchains.

DEV token

DEV token is #dev DeFi's platform token which will be released in the future. Users who join #dev DeFi before DEV token is released will still receive their fair shares of DEV token thanks to the retrospective token distribution during the genesis token release.

Fees

Kick point

Kick is a value of Utilisation rate where the rate of increase in Borrowing interest rate with respect to Utilization rate is at a higher rate, the value of Kick point is determined at 80%.

Liquidation market

Treasury

Treasury is a community fund that stacked from 0.5% profit fee. The plan is to give control of the Treasury back to the community once the DEV token is introduced.

Utilisation rate

Utilisation rate is the ratio of Total borrow to Total lend.