Glossary

APR

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

APY

Annual Percentage Yield, is the normalized representation of an interest rate, based on a compounding period over one year.

TVL

Total Value Locked, is the dollar amount of all Tokens staked in a respective protocol - either Promise Token or SLOT Token. This metric is often used as a growth or health indicator in DeFi projects.

NFT

NFTs are non-fungible tokens that make a single token unique and yet all have a different value within a protocol. NFTs can be in the form of images, videos and more.