Glossary
Core terms and definitions
Ask Price
The price in which a seller is willing to sell their asset.
A-Tranche
The most senior debt of a tranche contract which holds the safest portion.
Bean
The ERC-20 fiat stablecoin issued by Beanstalk.
Bean Denominated Value (BDV)
The value of an asset denominated in Beans. Used to calculate how many Stalk and Seeds are rewarded to Beanstalk depositors. Abbreviated as BDV.
Beanstalk
The Ethereum-native, decentralized fiat stablecoin protocol that issues Beans.
Bid Price
The price in which a buyer is willing to buy an asset.
B-Tranche
The middle risk of a tranched asset.
Cross Protocol Swaps
The buying and selling of tokenized debt and bonds across protocols.
deltaB
The shortage or excess of Beans in a liquidity pool Beans trade in.
Droplets
Irrigation ledger asset that tracks underlying asset value, nominated at 1 USD.
Farmers
Users of Irrigation.
Fertilizer
An ERC-1155 token that Beanstalk mints in exchange for USDC. Fertilizer comes with Sprouts, which represent debt to be repaid by Beanstalk in the form of new Beans. Fertilizer has no fixed maturity. Fertilizer can be Available (not sold yet), Active (is owed Bean mints through Sprouts) or Used (is done earning Bean mints).
Harvestable Pods
Pods that are redeemable for 1 Bean each. Harvestable Pods must be Harvested in order to use them.
Irrigation Flywheel
Irrigation Tools
DeFi instruments created by Irrigation Protocol which provide holders additional liquidity and rewards.
Ohm
Decentralized and censorship-resistant reserve currency that is asset-backed, deeply liquid and used widely across Web3.
Pod Line
The order Pods will become Harvestable based on the FIFO Harvest schedule.
Pod Market
The decentralized, trustless market that Pods can be bought and sold on through Beanstalk.
Pod Rate
The Beanstalk debt level (Pod supply) relative to the Bean supply. The Pod Rate is often used as a proxy for Beanstalk's health.
Pods
The Beanstalk-native debt asset, redeemable for 1 Bean each once Ripened into harvestable pods.
Ripe Assets
Assets that are minted as Fertilizer is sold. Unripe assets represent a pro rata share of underlying Ripe assets.
Ripen
When Pods passively turn into Harvestable Pods, they Ripen.
Spot
Spot is an inflation-resistant store of value which is a freely redeemable claim on a basket of on-chain collateral. Spot documentation
Sprinkler
Irrigation Tool that allows users to deposit assets in exchange for the Water token.
Sprouts
Sprouts represent how many Beans there are left to be earned from Fertilizer.
Stalk
The Beanstalk governance token. Stalk entitles the holder to a pro rata share of future Bean mints and participation in Beanstalk governance.
Store
Depositing Water in the Water Tower, making the user eligible for monthly rewards.
Unripe Assets
Unripe assets represent a pro rata share of Ripe assets minted as Fertilizer is sold and debt is repaid to Fertilizer.
Unstore
Removing Water from the Water Tower.
urBEAN
Unripe Beans. See Unripe Assets
urBEAN:3CRV
Unripe Bean LP tokens. The liquidity pool on Curve contains Bean paired with DAI, USDC, and USDT. See Unripe Assets
Water
Water is the ERC-20/ERC-1155 native utility token of Irrigation Protocol. By storing Water in the Water Tower, users become eligible for a proportionate amount of distributed monthly ETH rewards.
Water Tower
Water can be stored in the Water Tower to earn ETH rewards.
Whitelisted Assets
Assets redeemable for Water through the Sprinkler.
Z-Tranche
Junior debt of a tranched contract which holds the equity portion.
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