Glossary

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MIM
Magic Internet Money (MIM) is a stablecoin backed by interest bearing tokens issued by abracadabra.money! MIM is native of the Ethereum Ecosystem and bridged to Avalanche through the Anyswap Network! Find out more about MIM here.
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. Note that APYs provided are rather ballpark level indicators and not so much precise future results.
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.
DAO
Decentralized Autonomous Organization, is a governance mechanism for making decisions in a more trustless and collaborative way. Voting rights are often bound to a governance token. In Rug the governance token is sRUG, and we expect the voting page to be up as soon as possible, stay tuned!.
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.
EVM
Ethereum Virtual Machine, is a state machine in which all Ethereum accounts and smart contracts live. At any given block in the chain, Ethereum has one and only one canonical state, and the EVM is what defines the rules for computing a new valid state from block to block. Avalanche is an EVM Compatible Netwrok! 
Liquidity Bonds
Liquidity bonds are all the bonds that allows users to bond RUG using LP token. An Example is RUG-MIM LP bonds. 
PCV
Protocol Controlled Value, is the amount of funds the treasury owns and controls. The more PCV the better for the protocol and its users.
POL
Protocol Owned Liquidity, is the amount of LP the treasury owns and controls. The more POL the better for the protocol and its users.
PoR
Proof of Reserve, is the mechanism of strengthening the reserve of Rug treasury via the sales of bonds (i.e Bonding new RUG). Bonders provide liquidity to the treasury, thereby building its reserve. In return for their service, bonders get paid in RUG.
Reserve Bonds
Reserve bonds are all the bonds that allows users to bond RUG using single assets. They are sometimes referred to as "naked" bonds. Examples are MIM bonds.
Reward Rate
Reward rate is the configured percentage of RUG distributed to all stakers on each rebase relative to the total supply. The reward rate is precisely set by the policy team.
Reward Yield
Reward yield refers to the actual amount of RUG 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 e.g. fluctuating amounts of RUG staked.
Backing per RUG
Backing per RUG, is the amount of funds the treasury guarantees to use for backing RUG.
LP
Liquidity Provider token, is the token received when providing liquidity on DEXs. For instance liquidity bonds will require require LP tokens of the RUG-AVAX pair from Trader Joe!.
TVL
Total Value Locked, is the dollar amount of all RUG staked in the protocol. This metric is often used as growth or health indicator in DeFi projects.
TaaS
Treasury as a Service, is the business model of decentralized custody of partnership funds. Rug is designed for TaaS by selling bonds and absorbing partners' liquidity into its treasury as a result.
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.
Good to know: depending on the product you're building, it can be useful to explicitly document use cases. Got a product that can be used by a bunch of people in different ways? Maybe consider splitting it out!
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