Glossary

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% Away from Critical

% Away from Critical LTV means by what % value of Assets needs to fall by to trigger Critical LTV (keeping value of Liabilities fixed in USDc)

% Away from Critical LTV = 1 - ( Current LTV / Critical LTV )

Amount Available to Withdraw

You can choose to withdraw some or all of the assets in the pool. The amount you can withdraw is equal to:

Value of pool assets (USDc) - ( Value of liabilities (USDc) / Initial Loan-To-Value of the pool after withdrawal (%) ).

Asset Value

The total amount of Assets in USDc held for deposit or lent out.

Borrow APR

Annual interest rate for borrowing.

Borrowed Assets

This represents the Total Amount of Debt (=Borrowings) for the given Pool.

Buying Power

Buying Power is the additional amount of current Pool composition that you can buy by borrowing against the current Pool. Specified in reference currency (USDc by default). It is equal to ( Total Assets - Total Liabilities ) / ( 1 - Initial LTV ) - Total Assets.

Collateral

Collateral are any assets (including assets that are lent out) that can be used as collateral as collateral to borrow other assets - whether borrowing to get liquidity (eg USDc) or to short.

Critical LTV

The Critical Loan-To-Value is the maximum allowable amount of Debt as a percentage of Total Assets (Asset Tokens plus Lending Amounts) in order to maintain an existing position.

Current LTV

LTV or Current LTV is the total amount of Debt (i.e. Borrowings) as a percentage of Total Assets.
The formula is LTV = Sum(DEBT_i) / Sum ( (ASSET_i ) for each Asset i in the Pool.

Deposit 1m APY

Interest rate on deposit (APY) without right of recall for 1 month.

Deposit APY

Annual interest rate for deposits.

Deposit Open APY

Interest rate on deposit (APY) recallable at any time.

Equity Value

Equity Value is value of Assets minus value of Liabilities. Specified in reference currency (USDc by default).

Initial LTV

The Initial Loan-To-Value is the initial maximum allowable amount of Debt as a percentage of Total Assets in order to take a new position.

Lending Terms

Terms on which you want to lend out a given Asset. It can either be at Market (market clearing APR) or Limit where you set the Minimum Lending Yield (APY) at which you would be willing to lend out a given Asset.

Liabilities

This represents the total amount of Debt (=Borrowings) in USDc for the given Pool.

Liquidation

Liquidation refers to a process of selling assets in the Pool to repay debt. It happens when Pool LTV > Critical LTV.

Liquidation penalty

Fee for Pool going into liquidation mode. Payable to Oxygen protocol, expressed as % Pool Assets.

Liquidation threshold

This is the maximum amount of debt that is allowable in the Pool without resulting in Current LTV > Critical LTV.

Net Assets

Total Assets (Total Deposits plus Total Loans) minus Total Debt (Total Borrowings) in USDc for the Pool

Net Yield

This is the amount of compound interest accruing for this Pool over a given period of time (daily, weekly, monthly, …). Borrowings accrue negative interest and offset earnings from Lending.

Prime Brokerage

Prime Brokerage is a core building block of financial markets trading business in the “real-world” investment banking. It connects various market participants - hedge funds, institutions, pension funds, insurance companies, asset managers and liquidity providers - for a more efficient market and price discovery, as well as facilitating leveraged trading.

Reset LTV

The Reset Loan-To-Value is the level of LTV the pool needs to be brought down to following a breach of Critical LTVs.

Term of Borrowing (Max)

Length of borrowing. Minimum of 1 day.

Total Assets

The total amount of Assets in USDc held for deposit or lent out in USDc for this Pool.

Yield

Annual compounded interest rate for lending.