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  • Introduction
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      • How to Add Liquidity
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      • Contract Addresses v1.5
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  • CAVIAR
    • Introduction
    • Overview and Glossary
    • Using Caviar
    • sCVR and csCVR
    • Fees and Formulas
    • Ecosystem Support
    • Contracts, Addresses and Security
  • The Pearl Flywheel
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    • The Pearl Flywheel
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  1. CAVIAR

Overview and Glossary

PreviousIntroductionNextUsing Caviar

Last updated 6 months ago

Caviar $CVR is a self-sustaining liquid-wrapper for locked tokens $vePEARL, the governance token of the . The main advantage of Caviar lies in its streamlined access to outstanding vePEARL yields, paid to voters, and Caviar stakers, in the stablecoins. Caviar seeks to be a sustainable source of income for both the Caviar users as well as $veRWA locked token holders, who will receive 20% of the $vePEARL yield.

Glossary

  • $PEARL: ERC-20 governance token/emission token for Pearl Exchange, an CLAMM on re.al

  • $vePEARL: ERC-721 tokens (NFTs) containing $PEARL that’s been locked up to 2 years to obtain voting rights on Pearl Exchange

  • $CVR: CAVIAR, the liquid-wrapper created by Tangible, now managed by Pearl

  • Epoch: A period lasting 7 days, restarting every Thursday at 00:00 GMT

  • Incentives: Money deposited in Pearl to entice voters to pick different liquidity pools to receive yield in the form of $PEARL emissions

  • Stake: Stake Caviar and receive sCVR. Staked Caviar earns rewards from vePEARL and the Pearl ecosystem. Caviar must be staked to receive any benefits.

  • $veRWA: Locked $RWA, the governance token of re.al, the L2 for RWAs

  • $CVR_balance: The balance of Caviar in the Pearl stable LP

  • $CVR_staked: The total Caviar in the staking contract

  • $PEARL_balance: The balance of $PEARL in the PEARL/CVR LP

  • $CVR_total: The total minted supply of Caviar

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