Glossary

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A

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APY (Annual Percentage Yield)

The real rate of return on an investment over a year, including compound interest. An 8% APY means you’d earn $8 on every$100 over a year.

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Auto-Refinance

Feature that automatically extends a borrowing position when it matures, preventing liquidation and keeping your loan active.

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Auto-Rollover

Feature that automatically creates a new lending position when the current one matures, keeping your capital earning yield.

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B

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Borrowing Power

The maximum amount you can borrow based on your deposited collateral and each asset’s LTV ratio.

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C

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CBT (Centuari Bond Token)

A token representing your lending position. Works like a Zero Coupon Bond - you receive more CBT than your deposit (priced at a discount), and each CBT is redeemable for exactly $1 at maturity. The extra CBT represents your fixed interest.

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Collateral

Assets you deposit to secure a loan. If you can’t repay, collateral can be liquidated to cover the debt.

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Cross-Chain

Operating across multiple blockchains. Centuari aggregates liquidity from multiple chains but executes on Arbitrum.

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Curator

A manager who creates and operates a Mutual Fund Vault, making investment decisions on behalf of depositors.

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D

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DeFi (Decentralized Finance)

Financial services built on blockchain technology, operating without traditional intermediaries like banks.

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E

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Easy Mode

Centuari’s simplified interface where the protocol automatically optimizes your rate and enables auto-features.

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F

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Fixed Rate

An interest rate that doesn’t change throughout the loan term. Unlike variable rates, you know exactly what you’ll earn or pay.

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G

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Gasless

Order placement, cancellation, and modification that require no gas fees because they happen off-chain. Centuari’s hybrid architecture means only deposits/withdrawals need minimal gas on Arbitrum.

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H

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Hybrid Orderbook

An orderbook architecture where orders are stored and matched off-chain for speed and zero gas costs, while settlement happens on-chain for security and trustlessness. Centuari uses this model with Arbitrum as the settlement layer.

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Health Factor

A measure of your loan’s safety. Above 1 = safe. Below 1 = at risk of liquidation. Calculate as: Collateral Value / (Borrowed × Liquidation Threshold).

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L

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Liquidation

When your collateral is sold to repay your loan because your Health Factor dropped below 1.

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Liquidation Threshold

The point at which your position becomes liquidatable, expressed as a percentage of collateral value.

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LTV (Loan-to-Value)

The maximum percentage of collateral value you can borrow. 80% LTV means you can borrow up to $80 for every$100 of collateral.

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M

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Maturity

The date when a lending or borrowing position ends. At maturity, lenders receive repayment and borrowers must repay.

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Multi-sig

A wallet requiring multiple signatures to execute transactions, used for protocol security.

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O

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Order Book

A list of all open buy and sell orders. Centuari uses an order book to match lenders with borrowers.

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Oracle

A service that provides external data (like prices) to smart contracts. Centuari uses Chainlink oracles.

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P

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Position

Your active lending or borrowing arrangement in the protocol.

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Protocol Fee

A small fee charged by Centuari on interest (0.1% of interest earned/paid).

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R

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Rate

The interest rate expressed as APY. Lenders earn this rate; borrowers pay it.

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RWA (Real World Assets)

Traditional assets (stocks, bonds, real estate) that have been tokenized on blockchain.

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S

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Slippage

The difference between expected price and actual execution price, usually due to market movement.

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Smart Contract

Self-executing code on a blockchain that automatically enforces agreement terms.

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Spread

The difference between the best lend rate and best borrow rate in the market.

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Stablecoin

A cryptocurrency designed to maintain a stable value, usually pegged to $1 (USDC, USDT, DAI).

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T

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TVL (Total Value Locked)

The total amount of assets deposited in a protocol, measuring its size.

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V

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Variable Rate

An interest rate that changes based on market conditions. Opposite of fixed rate.

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Vault

A pooled investment vehicle managed by a curator, allowing users to deposit and earn managed returns.

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W

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Wallet

Software that stores your cryptocurrency and allows you to interact with blockchain applications.

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Y

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Yield

The return earned on an investment, usually expressed as APY.

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Yield Router

Centuari’s system that automatically deploys idle capital to earn yield while waiting for order matching.

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Z

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Zero Coupon Bond (ZCB)

A bond purchased at a discount that pays face value at maturity. CBT works similarly - lend $10,000, receive 11,000 CBT (at ~$0.909 each), redeem each for $1.00 at maturity for a total of$11,000.