> For the complete documentation index, see [llms.txt](https://docs.pearl.exchange/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.pearl.exchange/caviar/overview-and-glossary.md).

# Overview and Glossary

Caviar `$CVR` is a self-sustaining liquid-wrapper for locked tokens `$vePEARL`, the governance token of the [Pearl Exchange](https://www.pearl.exchange/swap). 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