Glossary of Terms
The information on this page and all other pages owned by, operated by, or related to Hector Finance is for educational purposes only and does not constitute any kind of advice.

APR

Annual Percentage Rate
The annualised interest rate, not accounting for compounding

APY

Annual Percentage Yield
The annualised interest rate, accounting for compounding

BCV

Bond Control Variable
The scaling variable controlling bond prices. A higher BCV means a lower discount to bonders and higher inflation of the protocol. A lower BCV means higher discount for bonders and lower inflation of the protocol.

DAO

Decentralised Autonomous Organisation
A governance mechanism by which decisions are more trustless and collaborative. Votes are made using a governance token.

PCV

Protocol-Controled Value
The value of the treasury controlled by the protocol. A higher value is better.

POL

Protocol-Owned Liquidity
The amount of its own liquidity the protocol owns. Higher is better.

RFV

Risk-Free Value
The amount of funds the treasury holds.

TVL

Total Value Locked
The total sum of the value staked in Hector Finance in Dollars. A growing TVL is a sign of growth.
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