Glossary

APR

Annual Percentage Rate, is the annualised interest rate without taking into account the effect of compounding.

APY

Annual Percentage Yield, is the representation of the interest rate based on a compounding period over one year.

Circulating Supply

Circulating Supply, refers to the number of coins that are already in the hands of the public and does not include coins or tokens that are locked up or being held in reserve.

Market Cap

Market Capitalisation, or ("market cap" for short) is the measure of the size of a given cryptocurrency project. It is calculated by multiplying the Circulating Supply and Current Price.

Max Supply

Max Supply, is the maximum number of coins that will ever come into existence. For BURP the max supply is 500 million.

Total Supply

Total Supply, refers to the number of coins or tokens that currently exist and are either in circulation or locked somehow.

TVL

Total Value Locked, is the dollar amount of all BURP staked in the protocol. The total value locked is calculated by multiplying the number of tokens in the protocol and their value in USD.