🎓Glossary

Word or Acronym	Description
AMM	Also known as Constant function market maker early description of a CFMM was published by economist Robin Hanson (2002) are a type of decentralized exchange (DEX) that use algorithmic “money robots” to make it easy to buy and sell crypto assets. AMM replaces the buy and sell orders in an order book market with a liquidity pool of two assets, both valued relative to each other.
Bonds	a type of security under which the issuer (debtor) owes the holder (creditor) a debt, and is obliged – depending on the terms – to provide cash flow to the creditor (e.g. repay the principal (i.e. amount borrowed) of the bond at the maturity date as well as interest (called the coupon) over a specified amount of time). [wikipedia] Yield bonds allow investors to receive interest payments (coupons) until the debt matures or the initial investment (principal) is repaid. In the event of default, a guarantee can be provided. Convertible bonds are a fixed-income corporate debt security that can be converted into a predetermined number of common stock or equity shares. They might provide yield of not.
Centralized Exchanges (CEX)	a type of cryptocurrency exchange, meaning they allow users to buy and sell cryptocurrencies, onboard their KYC and convert FIAT money into crypto and vice versa. Also required to access tokenized shares in most of the countries.
DAO	A decentralized autonomous organization sets itself a mission and operates through a set of decisions that establish and provide rules of governance. It allow the community to control Radao.
DeFi	a way of trading, buying and selling with few intermediaries.
Decentralized Exchanges (DEX)	peer-to-peer marketplace where users can trade cryptocurrencies in a non-custodial manner without the need for an intermediary to facilitate the transfer and custody of funds.
Equity	a security that represents the ownership of a fraction of the issuing corporation.
FIAT	Fiat money is issued and controlled by (central) banks and governments.
Initial Pool Offering (IPO)	bringing together the resources proposed by the Radao community for investment. Allow primary decentralized market.
Liquidity pool (LP)	is a smart contract that contains a reserve of two or more cryptocurrency tokens in a decentralized exchange (DEX). Allow participants to exchange tokens.
IPFS (Interplanetary File System)	a file system that allows you to store files and track versions over time, much like Git, keeping track of them on a distributed network. Used by Radao to provide immutable access to contracts and investment documents linked to the token.
Rewards	tokenized rewards allowing to get the bonds coupons
RWA or Real World Asset	Real World Assets (“RWAs”) are assets that exist off-chain, but are tokenized and brought on-chain to be used as a source of yield within DeFi.
Self-held securities account	crypto wallet holding financial securities in the form of tokens.
Share (stock)	a unit of equity ownership in the capital stock of a corporation is an indivisible unit of capital, expressing the ownership relationship between the company and the shareholder. [wikipedia]
Smart contracts	programs stored on a blockchain that run when predetermined conditions are met. A collection of those programs are usually called "protocol".
SPV (Special Purpose Vehicule)	An SPV, or special-purpose vehicle, is a legal entity that allows multiple investors to pool their capital and make an investment. Tokenized SPV is a process allowing SPV shares to be tokens.
Staking	Term initially used to describe the provision of liquidity enabling proof-of-stake blockchains to function. With the democratization of crypto, users have associated this term with a means of accessing "passive returns", which in TradFi can correspond to bond coupons. In Radao, you have to stake your bond tokens to obtain your coupon payment, which removes the security from the secondary market.
TradFi	refers to the way in which our traditional financial system and institutions operate. Some institutions include banks, hedge funds or brokerage houses, for example.