Glossary of Terms

AMM (Automated Market Maker)- A decentralized exchange protocol that uses liquidity pools instead of order books

APR (Annual Percentage Rate)- The yearly interest rate without accounting for compounding

Berachain- The blockchain network where Goldilocks DAO operates

DAO (Decentralized Autonomous Organization)- A collective governed by its token holders

Floor Price- The guaranteed minimum value of LOCKS, backed by HONEY in the FSL

FSL (Floor Supporting Liquidity)- The pool backing the floor price of LOCKS

HONEY- The native token of Berachain used in the Goldilocks ecosystem

LOCKS- The governance token of Goldilocks DAO with a guaranteed floor price

LTV Loan-to-Value ratio- The proportion of an asset's value that can be borrowed

OT Ownership Token- Represents the right to reclaim the original deposited asset at vault expiry

PORRIDGE- The reward token earned from staking LOCKS

PSL (Price Supporting Liquidity)- The pool supporting the market price above floor

Stirring- The process of burning PORRIDGE to mint new LOCKS at the floor price

YT (Yield Token)- Gives the right to receive all yield generated until vault expiry