Glossary
Airdrop: A free distribution of tokens to a community, often to reward early users, promote a project, or decentralize governance.
Clamable Balance: The portion of rewards earned through staking that is available for withdrawal at any time.
Cliff: A minimum period during which investors or team members cannot sell or claim their tokens.
Collateral: An asset pledged as security in a DeFi protocol, backing the value of a token like fUSD.
Compound: The process of automatically reinvesting earned rewards to generate more yield over time.
Cooldown: A waiting period (e.g., 24h) after unstaking before a user can withdraw their assets.
Depeg: The loss of a stablecoin’s 1:1 parity with its reference asset (e.g., when 1 USDT ≠ 1 USD).
Deposit: The act of transferring funds into a protocol to mint or stake tokens.
Direct Mint: The process of creating tokens directly via the protocol without intermediaries or third parties.
Farming: A strategy where users provide liquidity or stake assets to earn rewards in a DeFi protocol.
Frgmnt Deck: A set of documents or presentations used to explain the Frgmnt protocol, typically to investors or partners.
fUSD: The main stablecoin of the Frgmnt protocol, pegged 1:1 to USD and backed by a diversified reserve of stablecoins.
Harvest: The act of collecting or claiming the rewards accumulated through staking or farming.
Insiders: Individuals with privileged access to non-public project information (e.g., team, early investors, partners).
Meta Vault: Frgmnt’s core capital engine that deploys user funds into a diversified portfolio of yield strategies, while tracking share price and performance.
Mint: The process of creating new tokens, typically by depositing supported assets into the protocol.
Peg: The 1:1 parity between a stablecoin and its reference value (e.g., USD).
Pre-launch: The stage before a protocol’s public launch, often used for testing, fundraising, or community building.
Protocol: A set of smart contracts and rules governing how a blockchain-based system operates (e.g., Frgmnt, Aave, Uniswap).
Real World Asset (RWA): A tokenized version of traditional financial or physical assets (e.g., bonds, real estate) made accessible on-chain.
Redeem: The action of exchanging a token (like fUSD) back into underlying assets such as stablecoins.
sfUSD: A non-transferable receipt token received when staking fUSD. It represents the user’s position in the Meta Vault and passively earns yield.
Stablecoin: A crypto asset designed to maintain a stable value, typically pegged to a fiat currency like the US dollar.
Stake: The act of locking tokens into a protocol to earn rewards.
Strategy Wrapper: A smart contract interface that enables Frgmnt to integrate with external DeFi strategies (e.g., Yearn, Morpho, Superform).
Token Generation Event (TGE): The moment when a protocol officially launches its token and makes it publicly tradable.
Token Swap: The direct exchange of one token for another, usually via a decentralized exchange.
Total Value Locked (TVL): The total amount of capital deposited into a DeFi protocol, reflecting its scale and adoption.
Vault: A secure smart contract that manages deposits, yield strategies, and asset flows within a DeFi protocol.
Withdrawal: The process of removing funds or tokens from a protocol back to a wallet.
Last updated