# Glossary

## EVM <a href="#evm" id="evm"></a>

Ethereum Virtual Machine (EVM), is a state machine in which all Ethereum accounts and smart contracts live. At any given block in the chain, Ethereum has one and only one canonical state, and the EVM is what defines the rules for computing a new valid state from block to block.

## Reward Rate <a href="#reward-rate" id="reward-rate"></a>

Reward rate is the configured percentage of $ADM distributed to all stakers on each rebase rebase. The APY can be adjusted by the community but is currently fixed at 122,222%.

## Reward Yield <a href="#reward-yield" id="reward-yield"></a>

Reward yield refers to the actual amount of $ADM received by each staker on each rebase.

## LP <a href="#lp" id="lp"></a>

Liquidity Provider (LP), is the token received when providing liquidity on Dex. For instance, LP bonds need LP tokens.

## TVL <a href="#tvl" id="tvl"></a>

Total Value Locked (TVL), is the dollar amount of all $amount staked inside the protocol. This metric is often used as a growth or health indicator in DeFi projects.


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