> For the complete documentation index, see [llms.txt](https://biadao.gitbook.io/biadao/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://biadao.gitbook.io/biadao/references/glossary.md).

# Glossary

### APR 

Annual Percentage Rate. 

The annualized interest rate, not accounting for compounding. 

### APY 

Annual Percentage Yield. 

The annualized 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. 

### DCV 

Deflation Control Variable. 

The scaling variable governing buying pressure from the protocol. A higher DCV leads to higher buying pressure from the protocol and stronger deflation. A lower DCV leads to lower buying pressure from the protocol and weaker deflation. 

### DAO 

Decentralized Autonomous Organisation. A governance mechanism by which decisions are more trustless and collaborative. Votes are made using a governance token, in our case sMINE.

### DeFI 

Short for decentralized finance, DeFi is an umbrella term for peer-to-peer financial services on public blockchains. 

### Forks 

In blockchain technology, a fork is a copy of an existing protocol, which is then usually amended to customize it, but based on the previous model.  

### pMINE 

A pre-sale options token, which is redeemable for MINE at a 1:1 ratio. 

### sMINE 

A MINE token that has been staked is converted to sMINE token. sMINE tokens are redeemable for MINE at a 1:1 ratio. 

### PCV 

Protocol-Controlled 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 guarantees as backing for MINE. 

### Stablecoins 

A stablecoin is a class of cryptocurrencies that attempt to offer price stability and are backed by a reserve asset. 

### TVL 

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