Glossary

APY

Annual Percentage Yield, is the normalized representation of an interest rate, based on a compounding period over one year. Note that APYs provided are rather ballpark level indicators and not so much precise future results.

APR

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

DAO

A Decentralized Autonomous Organization is a governance mechanism for making decisions in a more trustless and collaborative way. Voting rights are often bound to a governance token. Singular DAO's governance token will be $SD.

RFV

Risk-Free Value is the amount of funds the treasury guarantees to use for backing $SD.