Terms and Definitions
AMA- Ask Me Anything - often a form of live interview that includes questions from the community
APR - stands for annual percentage rate and does not take compound interest into account
APY - stands for annual percentage yield and takes into account compound interest
AVAX - Avalanche a blockchain network built for running smart contract-based applications
Boardroom - The idea behind the boardroom is that you own a portion of the project and are awarded for staking $CHAM to receive $VIC rewards.
BSC - Binance Smart Chain a blockchain network built for running smart contract-based applications
Contract (or Contract Address) - This refers to the address location of the actual token contract that manages the logic for the tokens. It does not refer to the address that holds your own personal tokens.
Epoch - One epoch equals 6 hours in the Champion Finance.
Farming Tools - websites where you can connect your wallet and view your LP tokens, yields, projected yields and more
FP (Free Position) - also known as TP (or Take Profit), a common initial goal of many investors is to recover their initial investment quickly and the balance of the investment becomes "house money" or "free money".
FTM - Fantom Opera a blockchain network built for running smart contract-based applications
IL - Impermanent Loss - Impermanent loss is a loss that funds are exposed to when they are in a liquidity pool
LP - Liquidity Pool/Provider - A liquidity pool is basically funds which are thrown together in a big digital pile, typically offered in pairs ($VIC-$USDC) provided in equal value amounts initially, LP tokens are given in exchange for these pairs and they can earn a return in farms
NFA - Not Financial Advice
Polygon - a blockchain network built for running smart contract-based applications
Rebase - A rebase is one of the tools of Champion Finance to bring the price of $VIC back to peg. A rebase will reduce the number of $VIC in circulation. Rebase multiplies the quantity of $VIC by the TWAP of $VIC. This will lower the quantity of $VIC in your wallet, but simultaneously increase the price of $VIC by the same factor. The USDC value of your $VIC after the rebase will exactly be the same as before the rebase. Rebase occurs at the 10th epoch under peg or when $VIC is under $0.80.
Seed phrase - the access code to your crypto wallet - NEVER provide this to anyone no matter what
Slippage - Slippage refers to the difference between the expected price and the executed price of a trade
TVL - Total Value Locked in US dollar or any fiat currency
TWAP - This stands for Time Weighted Average Price. This is used instead of the current price of $VIC to prevent price manipulation of $VIC just before the end of an epoch
Wallet - Crypto wallets store your private keys, keeping your crypto safe and accessible. They also allow you to send, receive, and spend cryptocurrencies.
(Yield) Farm - Yield farming is a means of earning interest on your cryptocurrency, similar to how you'd earn interest on any money in your savings account.