Glossary
MAGIC is the natural resource of the Treasure metaverse, which “powers on” NFTs and turns them from fantasy into productive, yield-bearing assets.
Vested $MAGIC (or "veMAGIC") is $MAGIC that is staked in the mines and time-locked, thereby converting their $MAGIC into veMAGIC. veMAGIC cannot be traded or transferred until the user’s selected time period has expired.
Governance $MAGIC (or "gMAGIC") introduces concepts from the veCRV model where governance rights are weighted towards community members who commit and provide to the longer term success of the DAO. Learn more in Governance.
Annual Percentage Rate, is the annualized interest rate without taking the effect of compounding into account.
Annual Percentage Yield, is the normalized representation of an interest rate, based on a compounding period over one year. Note that APYs provided are rather ballpark level indicators and not so much precise future results.
Decentralized Autonomous Organization, is a governance mechanism for making decisions in a more trustless and collaborative way. Voting rights are often bound to a governance token. In Treasure, the governance token is Governance $MAGIC ("gMAGIC").
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Last modified 16d ago