Glossary
Evia Terminology, ordered alphabetically
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)
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)
Authz: Short for Authorization, a process granting permission to access specific functions or resources within the network. (Learn More here)
Auto-compounding: An automated process where earned rewards are reinvested, compounding returns to maximize overall gains.
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.
Evia XP: Reward Points earned within the Evia Network, reflecting a user's engagement and contributions to the ecosystem.
Staking: Locking up a cryptocurrency to support the operations of a blockchain network and earning rewards in return.
Validator: An entity that validates transactions and maintains the security of a blockchain network by participating in the consensus mechanism.
Vault: A secure yield optimization mechanism for users' assets, enabling them to auto-compound their staking rewards.
Yield Farming: Engaging in DeFi protocols to earn rewards or interest by providing liquidity or staking assets.
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