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
Last modified 1yr ago