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Glossary

TermDefinition
APY (live)Annualized yield computed from the latest processed block.
UtilizationShare of available liquidity currently in use.
LiquidityPractical capacity available to borrow/supply without moving the rate.
LLTVLiquidation Loan‑to‑Value; max borrow allowance vs. collateral.
LTVLoan-to-Value
Reserve factorShare of interest kept by the protocol; reduces supply APR.
Supply APRBorrow APR × Utilization × (1 − reserve factor).
Borrow APRCurrent cost to borrow, from the utilization curve and params.
Spread (net)Supply APR − Borrow APR − fees/price impact (for paired legs).
LiquidityPractical capacity available to borrow/supply without moving the rate.
BorrowsOutstanding borrowed assets.
ReservesAssets held by the protocol; not available as cash.
Cap / LimitProtocol-set ceiling on deposits or borrows.
DepthSize the venue can absorb before a large rate move.
MarketBorrow/supply venue for a specific asset pair on chain.
VaultStrategy wrapper allocating deposits across one or more markets.
Total Deposits (TVL)Assets currently deposited into a vault.
Liquidation thresholdLevel at which positions can be liquidated (often ≥ LLTV).
Collateral valueMarked value of pledged asset(s).
Parameter changeUpdates to caps, reserve factor, kink, LLTV, incentives, etc.
Gas / Routing costTransaction and routing fees incurred when moving funds.
Swap feePercentage charged by a DEX for exchanging assets.
Price impactSlippage from trade size vs. available liquidity.
Non-custodialActions are signed from your wallet; funds aren’t held by Rosetta.
Rotate / RebalanceMove funds between venues to improve net yield.
AllocatePlace deposits/borrows according to a decision or policy.
Latest BlockBlock height/time used for the read (tiles and charts).
LoopingSupply asset → borrow same asset → resupply (leveraged lend).