Terms

Uncollateralized Lending

Type of lending where there's no collateral used to back the loan, but instead, other mechanisms are used to secure the loan.

LODA Token

Token that can be staked into the Insurance Liquidity Pool (ILP) to mint Lodestar.

LODESTAR Token

Non-transferable governance token that can be used to vote for proposals to direct the governance of the DAO. They are minted by staking LODA into the ILP and can be burned to retrieve Loda from the ILP.

Cool-off Duration

Is the time it takes between intent to withdraw and actual withdrawal when investing in the ILP. Once the intention to withdraw has been made, you lose the ability to vote.

Maturity Date

The date when an investment becomes due and is repaid to the investor