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Trava Governance Glossary
% Total locked Percentage of total TRAVA and rTRAVA locked.
% veTRAVA APR When participating in the Trava Governance, users get rewards in TRAVA tokens. The APR, in this case, shows how these rewards would be during the 1-year period.
% Voted-locked Percentage of total TRAVA and rTRAVA locked including voting escrow only.
% Warm-up APR Besides weekly rewards, users who lock TRAVA, rTRAVA, and LP TRAVA/BNB in the Trava Governance vault can receive warm-up rewards in the first week. In this case, the APR is for calculating the warm-up rewards.
Active status A signal of the voting period. Anyone can vote For or Against once for each proposal.
Avg. lock time The average period of locking TRAVA, rTRAVA, LP TRAVA/BNB in the Trava Governance Vault.
Cancel status A signal of a proposal that has been canceled by the SAB or the proposer themselves for some reason.
Compound reward The activity of compounding the weekly rewards in the Trava Governance Vault to increase voting power.
Compoundable rewards Besides voting power, users who lock TRAVA, rTRAVA, and LP TRAVA/BNB in the Trava Governance Vault can receive weekly rewards. These rewards can be compounded and locked back in the Trava Governance Vault to increase the voting power.
DAO (Decentralized Autonomous Organization) An organization constructed by rules encoded as a computer program that is often transparent, controlled by the organization's members, and not influenced by a central government. In other words, they are member-owned communities without centralized leadership.
DAO Committee The entrusted individuals in the Trava community to submit proposals after a thorough review with discussion & feedback.
Defeated status A signal of a defeated proposal.
Executed status A signal of all proposal’s actions that have been performed correctly.
Expire status A signal of a proposal that could not be executed for some reason after the delay process.
Lock Time Histogram A graphical representation that organizes the group of wallet addresses with different levels of locking period.
Locking amount The number of tokens (TRAVA, rTRAVA, LP TRAVA/BNB) that users lock in the Trava Governance Vault.
Locking period The period that users lock their tokens (TRAVA, rTRAVA, and LP TRAVA/BNB) in the Trava Governance Vault. This period will be flexible from 1 week to 4 years.
Merge veTRAVA A function that allows users to merge two veTRAVANFTs together while preserving voting power and reward. Since each address can create a maximum of 50 veTrava, this function helps users to clear pocket space and reduce gas fees when casting their vote.
Off-chain Voting Off-chain voting refers to governance systems where individual votes are not submitted as blockchain transactions. No transaction fees are necessary for off-chain votes.
On-chain Voting On-chain voting refers to governance systems where individual votes are submitted as transactions and recorded directly on the blockchain. Submitting on-chain requires users to pay a transaction fee for each vote.
Pending status A signal of waiting period before voting. The community can prepare their voting power during this period.
Queued status A signal of the delay process for a proposal to be executed after a successful voting period.
SAB (Security Advisory Board) The guardian for the protocol’s security when some malicious actions are aimed at the protocol or in unexpected events.
Succeeded status A signal of a succeeded proposal, which can only occur when the quorum is reached and the For votes surpass the Against votes.
Total TRAVA voted-locked Total TRAVA and rTRAVA Locked including voting escrow only.
Total voting power The current total voting power of the system.
Trava Forum A platform that allows users to: discuss and update the direction of the Trava protocol, raise ideas for the development of Trava Finance and the Trava community, and update the Trava Team's response to users' suggestions.
Trava Governance Vault A locking vault for users to lock TRAVA, rTRAVA, LP TRAVA/BNB and earn rewards as well as voting power in the Trava Governance.
veTRAVA veTRAVA stands for voting escrow Trava. It is an ERC721 token that acts as evidence of users' locking tokens in the governance module. Once users create a new lock, they receive a veTRAVA token storing their locked balance, unlock time, and rewards amount. veTRAVA is in the form of NFTs, which can be purchased on the marketplace (veTRAVA Marketplace), thus transferring the corresponding platform rights and interests.
veTRAVA Holders Users who lock TRAVA, rTRAVA, LP TRAVA/BNB and receive veTRAVA as the voting power.
Voting power After locking TRAVA, rTRAVA, LP TRAVA/BNB, users can receive voting power, allowing them to make the governance decisions. The voting power corresponds with the number of locked tokens and the locking period.
Voting Power Calculator A function allows users to calculate their voting power by filling in the number of locked tokens and the locking period.
Voting Power Histogram A graphical representation that organizes the group of wallet addresses with different levels of voting power.
Warm-up reward For users who lock their tokens after the Tuesday checkpoint, their weekly rewards will start from next week’s checkpoint, and they will receive other types of rewards from a warm-up vault instead until the next Tuesday.
Weekly reward A type of reward that users receive every week, at Tuesday 3 P.M UTC, by locking TRAVA, rTRAVA, and LP TRAVA/BNB in the Trava Governance Vault.