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Overview and Glossary

CAVIAR ($CVR) is a self-sustaining liquid-wrapper for locked tokens vePEARL, the governance token of the Pearl Exchangearrow-up-right. The main advantage of CAVIAR lies in its streamlined access to outstanding vePEARL yields, paid to voters, and CAVIAR stakers, in the stablecoin $USDR. CAVIAR promises to be a substantial source of income for both the CAVIAR users as well as Tangible 3,3+ locked token holders, who will receive 20% of the vePEARL yield.

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Glossary

  • $PEARL: ERC-20 governance token/emission token for Pearl Exchange, an AMM on Polygon

  • $vePEARL: ERC-721 tokens (NFTs) containing $PEARL that’s been locked up to 2 years to obtain voting rights on Pearl Exchange

  • $CVR: CAVIAR, the liquid-wrapper created by Tangible

  • Epoch: A period lasting 7 days, restarting every Thursday at 00:00 GMT

  • Rebase: A process on Pearl where up to 50% of weekly $PEARL emissions are allocated to vePEARL holders and directly added to their vePEARL positions, helping offset the impacts of a token that’s always growing in supply. $CVR (backed by vePEARL) is entitled to this rebase, which is minted directly into more $CVR for the holders and supplied as part of staking rewards.

  • Bribes: Money deposited in Pearl to entice voters to pick different liquidity pools to receive yield in the form of $PEARL emissions

  • Stake: Staking is the process of submitting your CAVIAR into a contract where it can collect bribes. CAVIAR must be staked on Tangible to receive any benefits.

  • TNGBL 3,3+: Locked Tangible/$TNGBL the governance token of the Tangible protocol

  • $CVR_balance: The balance of CAVIAR in the Pearl stable LP

  • $CVR_staked: The total CAVIAR in the staking contract

  • $PEAL_balance: The balance of $PEARL in the Pearl stable LP

  • $CVR_total: The total minted supply of CAVIAR

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