| CASH |
Richie's algorithmic token, targeting one PDAI per token |
| RICH |
Richie's fixed supply share token |
| PDAI |
The PulseChain peg asset |
| PLS |
PulseChain's native asset, used for gas and the PSM payment |
| Peg |
A target market-price relationship; here, one PDAI per CASH |
| Expansion |
Issuance of additional CASH when CASH remains above 1.01 peg over the last epoch |
| Contraction |
A below-peg period in which expansion is paused and redemptions may open |
| Epoch |
A 6 hour recurring interval for evaluating protocol supply policy |
| TWAP |
Time-weighted average price, calculated from observations over a 6 hour period |
| PSM |
Peg Stability Module; Richie's fee on RICH farm rewards, paid in PLS |
| Treasury |
Protocol-owned assets and positions |
| Liquidity |
Assets available to facilitate trading |
| LP position |
A participant's interest in a liquidity pool, represented by the pool's supported receipt |
| POL |
Protocol owned liquidity, economically owned by the treasury |
| Impermanent loss |
The difference between a liquidity position's value and holding its original assets separately, due to relative price changes |
| Price impact |
The effect of a trade's size on its execution price |
| Treasury rebate |
A discounted option to purchase RICH tokens using Pulsechain assets funding the treasury backing |
| Vesting |
The schedule under which a token payout becomes claimable |
| Buyback |
A protocol-funded market purchase; it does not automatically burn the purchased tokens |
| Burn |
An action that permanently removes tokens from supply under the token's rules |
| APR |
An annualized rate estimate based on historic values |