Metavault DAO
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Glossary
This is a glossary of commonly used terms you will encounter throughout this documentation and on the platform.

APR

Annual Percentage Rate
Yearly interest generated by a sum that's charged to borrowers or paid to investors. Does not take compounding interest into account.

APY

Annual Percentage Yield
Real rate of return earned on an investment. Takes the effect of compounding interest into account.

BCV

Bond Control Variable
The variable that controls the price of bonds. The higher the BCV, the lower the discount to bonders and the higher the inflation of the protocol.

DAO

Decentralized Autonomous Organization
A democratic governance mechanism with trustless voting using a governance token, gMVD in Metavault's case.

EVM

Ethereum Virtual Machine

PCV

Protocol-Controlled Value
The value of the protocol's treasury. The PCV corresponds to the worth of the protocol.

POL

Protocol-Owned Liquidity
The amount of liquidity in the protocol owned by the protocol itself.

PoR

Proof of Reserve
The mechanism by which the protocol strengthens the value of its reserve. This is done via the sale of bonds, in Metavault's case.

Reward Yield

The amount of MVD distributed to each valid staking position on each rebase. It is (almost) never precise due to staking fluctuations.

RFV

Risk-Free Value
The amount of funds in the treasury guaranteed to back MVD. The higher the RFV, the less likely is depreciation of MVD.

TVL

Total Value Locked
The total amount of value staked in the Metavault protocol. Can be used to assess the protocol's growth.

TWAP

Time Weighted Average Price
An asset's average price over a certain time interval. Used to represent an asset's fair value as defined by the market.
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APR
APY
BCV
DAO
EVM
PCV
POL
PoR
Reward Yield
RFV
TVL
TWAP