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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Asset Looping

A recursive borrowing strategy where you deposit an asset as collateral, borrow against it, redeposit the borrowed amount, and repeat. Each loop amplifies your exposure. Centuari supports looping with stablecoins, crypto, and RWA, all at fixed borrow rates.

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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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Idle 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.