Common Terms

Term	Definition
$PEAS	The native utility token of Peapods Finance, used for governance, protocol fees, and staking rewards.
$pTKN	The wrapped version of a token within Peapods Finance, enabling it to participate in volatility farming and liquidity mechanisms.
$TKN	The underlying asset in a Peapods liquidity pool, which can be wrapped into its corresponding pTKN for use in the protocol.
Arbitrage (Arb)	A trading strategy that exploits price differences between different markets or liquidity pools to make a profit.
Beta	An early stage of a product launch where users test functionality and provide feedback before a full release.
Borrowing	The act of taking out an asset (typically stablecoins or paired assets) against collateral to use in trading or liquidity farming.
CBR (Exchange Rate)	The exchange rate mechanism used in Peapods to determine the value of Collateral Backing Rate of pTKN:TKN over time.
CBR APR	The annualized percentage rate (APR) associated with the CBR mechanism.
Classic LP	A traditional liquidity pool where users deposit two assets in equal value to facilitate trading and earn swap fees.
Fixed Discount	A discount mechanism where borrowers can acquire assets at a predetermined reduced price.
Impermanent Loss (IL)	A temporary loss experienced by liquidity providers when the price of deposited assets changes relative to their initial value.
Interest Rate	The cost of borrowing an asset, determined dynamically by supply and demand in the liquidity market.
Isolated Lending	A lending model where risk is contained within a specific market or asset pair, preventing liquidity from being affected by external volatility.
Leveraged Volatility Farming (LVF)	A farming mechanism that allows users to amplify their exposure to volatility yield by borrowing paired assets without liquidation risk.
LVF APR	The annualized percentage rate (APR) for leveraged volatility farming positions, representing the return based on volatility yield and borrowed funds.
Liquidity Pool (LP Pool)	A smart contract that holds two assets, enabling decentralized trading and generating fees for liquidity providers.
Liquidity Provider (LP)	A user who supplies assets to a liquidity pool in exchange for a share of trading fees and rewards.
Meta-Vaults	Smart liquidity vaults that automatically allocate capital across different liquidity pools to optimize returns.
Proof-of-Demand (POD)	A mechanism where borrowers create artificial demand for liquidity, increasing utilization rates and attracting external suppliers.
Security Audits	Reviews of smart contract code to identify and fix vulnerabilities before deployment.
Self-Lending PODs (DCLP)	A borrowing mechanism that allows users to lend to themselves, instantly bootstrapping liquidity without waiting for external suppliers.
Soft Leverage	A borrowing structure in LVF where users increase their position size with reduced liquidation risks vs standard leverage markets.
Stable-Yield Farmers	Users who supply Paired Asset liquidity in exchange for yield, without taking exposure to price volatility.
Treasury Accrual	The process of accumulating protocol revenue to fund operations, buybacks, or incentive programs.
vlPEAS (Vote-Locked PEAS)	A governance token that allows holders to participate in liquidity allocation decisions and earn rewards.
Volatility Farming (VF)	A strategy where users earn yield based on price fluctuations of assets instead of just price appreciation.
Volatility Farmers	Users who borrow liquidity to farm volatility yield, profiting from price swings of an asset.