Reference
Glossary
Terms used across Get Berrier.
| Term | Meaning |
|---|---|
| Autocall | Early end of a note when a close is at or above the autocall level |
| Backstop | Capped USDG vault that fills CARRY demand as counterparty of last resort |
| Barrier | Level that gates coupons and decides cash or stock at maturity |
| BERRIER | Protocol token, bought back with fees |
| CARRY | Income leg: USDG in, coupons out |
| Coupon band | Floor and cap within which a series' coupon is discovered |
| Escrow invariant | Escrow always holds at least every possible payout |
| GUARD | Protection leg: stock in, coupons paid, put at S0 held |
| Leg | ERC-1155 position in one series, CARRY or GUARD |
| Observation | Reading of one scheduled official close |
| Physical settlement | Delivery of Stock Tokens at S0 to CARRY after a breach |
| Prefund | USDG GUARD posts to cover the maximum coupons |
| S0 | Official close at strike |
| sBERRIER | Staked BERRIER receiving streamed buybacks |
| Series | One note: one underlying, 13 closes, fixed levels |
| Stock Token | Tokenised share issued on Robinhood Chain |
| Strike | Close #1, which fixes S0 and the levels |
| Template | Standing parameter set used to open a series each trading day |
| Treasury floor | Reserves per BERRIER, redeemable within a daily cap |
| USDG | Settlement stablecoin on Robinhood Chain |
| veBERRIER | Locked BERRIER or sBERRIER with decaying voting weight |