Definitions
Some terms used throughout the documentation may be unfamiliar to developers. Below we list some common terms that will help with your understanding.
Term
Description
NFT
Non-fungible tokens are unique digital assets that cannot be cloned or replaced. Their chain of custody may be verified on a blockchain.
APY
Annual Percentage Yield, which is the yield/interest after a year, which includes compounding interest. Note that this is different from Annual Percentage Rate (APR), which does not take into account compounding effects.
Lending
Roles
Investor: The user who provides funds as a loan to others, and gets interest.
Borrower: The user who puts NFT assets as a collator and takes a fund loan in exchange and pays interest.
Leasing
Roles
Investor: Owner of NFT, who want to lease out their assets
Renter: The user who rent assets.
Last modified 5mo ago