🔡USDV Glossary

Overcollateralized stablecoin - Is a token that is backed by another cryptocurrency. In this case, the number of collateral tokens exceeds the number of secured tokens.

Vault - Is a mechanism for stabilizing a stablecoin. A user creates a vault and provides USDV by investing another cryptocurrency into the vault.

Vault owner - The person who created the vault.

Liquidator - The person (or entity/body) who liquidates the vault.

Deposit - A process of depositing cryptocurrency into a vault (to provide and borrow USDV) or staking (to receive USDV).

Withdraw - A process of withdrawing a deposit from a vault or staking.

Borrow - A process of borrowing USDV, which is available against a 130% collateral of another cryptocurrency.

Debt - The amount of USDV borrowed by the vault owner.

Repay - Refers to the return of USDV to the vault.

Collateral Ratio - Refers to the coefficient of USDV cryptocurrency token security in a particular user's vault.

Max Debt - This is the maximum amount of USDV that the vault owner can borrow.

Asset Owner - Represents the user who manages the assets of the connected wallet.

Swap - The process of exchanging one cryptocurrency for another.

Stake - Describes a mechanism for depositing cryptocurrency to receive a reward.

Claim - It refers to a procedure for receiving a reward to the user's wallet.

NFT - Vault can be represented as an NFT (non-fungible token). This means that each vault is a unique digital asset that is stored on the blockchain.

❗ Please note that the USDV generation process has different terms, such as: create; produce; mint.