Definitions

Some terms used throughout the documentation may be unfamiliar to developers. Below we list some common terms that will help with your understanding.

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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.