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Glossary

Word
Text
Grizzlies
Users / Investors / Liquidity Providers of Grizzly.fi
Hives
Liquidity Pools of Grizzly.fi
Bees
The Smart Contract of Grizzly.fi
Honey
The Grizzly Honey Token ($GHNY) is the native Token of the platform
Honeypot
The Staking Pool of Grizzly.fi
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DEX
Decentralized Exchange
Liquidity Mining
The process of providing liquidity (capital in form of cryptos) to a DEX and receiving transaction fees whenever your Liquidity is used in the swap.
Liquidity Aggregator
A protocol that connects to other protocols (DEXes) and auto-compounds the rewards for the user to generate higher APYs.
Farming
Providing liquidity to a Hive (liquidity mining)
Staking
Freezing tokens to earn more tokens
APR
Annual Percentage Rate: How much % you make on your initial investment.
APY
Annual Percentage Yield: How much % you make on your initial investment but also including the re-invest done by the platform.
Impermanent Loss
When the price of one of the tokens in a Hive(pool) loses value compared to the other and the liquidity provider is left with a unfavorable proportion. Grizzly.fi focuses on stablecoin Hives, where this risk does not occur.
Smart Contract
Smart Contracts refer to code that run on a blockchain. Thanks to Smart Contracts more advanced applications like lending and borrowing or liquidity mining become possible.
KYC
Know Your Customer. A process centralized exchanges have to do to indentify their customers. In a KYC you have to upload a proof of identity.
doxxed Founders
When founders choose to reveal their identity, it is referred to as "doxxed".
multisig wallet
A multisig wallet requires multiple parties to confirm a transaction. It is more secure because a hacker cannot steal one private key to empty a wallet.
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