Glossary

Evia Terminology, ordered alphabetically

1. APR (Annual Percentage Rate): The total cost of borrowing or earning, expressed as a percentage, considering fees and compound interest over a year. (Learn More here)

2. APY (Annual Percentage Yield): Similar to APR, but also accounts for compounding, providing a more accurate measure of overall return on an investment. (Learn More here)

3. Authz: Short for Authorization, a process granting permission to access specific functions or resources within the network. (Learn More here)

4. Auto-compounding: An automated process where earned rewards are reinvested, compounding returns to maximize overall gains.

5. Delegator: Delegators are staking token holders that contribute to the security of a blockchain network by delegating the voting power they obtain from bonding to secure and highly available validators.

6. Evia XP: Reward Points earned within the Evia Network, reflecting a user's engagement and contributions to the ecosystem.

7. Staking: Locking up a cryptocurrency to support the operations of a blockchain network and earning rewards in return.

8. Validator: An entity that validates transactions and maintains the security of a blockchain network by participating in the consensus mechanism.

9. Vault: A secure yield optimization mechanism for users' assets, enabling them to auto-compound their staking rewards.

10. Yield Farming: Engaging in DeFi protocols to earn rewards or interest by providing liquidity or staking assets.