Promise Whitepaper
  • Welcome!
  • Introduction
    • About Promise
    • Solving The Issues Of Centralized Online Casinos
    • Web3 Benefits
  • Two Tokens
    • Promise & SLOT Token
    • Promise Token
    • SLOT Token (Soon)
  • Products
    • Staking – Promise Token
      • Referral
    • Staking – SLOT Token (Soon)
    • Promise Online Casino
    • Metaverse
    • NFT
  • More Information
    • Roadmap
    • FAQ
    • Contracts
    • Links
    • Glossary
  • Guides
    • How to Buy Promise Token
      • MetaMask Guide
      • Trust Wallet Guide
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  • APR
  • APY
  • TVL
  • NFT
  1. More Information

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.

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Last updated 3 years ago