Overview and Glossary

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


  • $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: Staking is the process of submitting your CAVIAR into a contract where it can collect bribes. 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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