Terminology
Recurring terminology for ConvertibleBonds
The core contract that enables the repayment of the loan.
The core contract that facilitates the IBO (Initial Bond Offering) prior to activation of the CBB.
The process of "starting the clock" on the CBB. After reinitialization, the price of the SafeTranche on the CBB will linearly scale to $1 as a function of time.
Created during the IBO by lenders. Executed after bond activation to receive BondSlips.
Created during the IBO by borrowers/DAOs. Executed after bond activation to receive Loan + DebtSlips.
The IOU-Slip that is held by lenders. Redeemable for either StableTokens or the SafeTranche.
The IOU-Slip that is minted to Issuers/Borrowers. Can be used to either repay the debt, or redeem the RiskTranche after maturity.
Any non-Z Tranche of the underlying ButtonBond that represents a senior claim on the DAO collateral.
The Z-Tranche of the underlying ButtonBond that represents a junior claim on the DAO collateral.
The initial price of the SafeTranche. This corresponds to the interest rate of the zero coupon bond.
The address that owns the ConvertibleBondBox + StagingBox. It's the only address that can reinitialize the CBB.
The initial price of the SafeTranche. This corresponds to the interest rate of the zero coupon bond. Assumed to be <$1.
A ratio between 0 and 1 that is paid by the holder of the RiskSlip when they redeem their slip if they have not repaid their loan.
Last modified 7mo ago