Glossary
Term
Definition
CDP
Collateralized Debt Position — a vault where users lock assets to mint VUSD.
VUSD
Virtue’s native over-collateralized stablecoin.
ICR
Individual Collateral Ratio — the collateral-to-debt ratio of a single CDP.
MCR
Minimum Collateral Ratio — the minimum required ratio to avoid liquidation.
Stability Pool
A shared pool of VUSD used to repay debt from liquidated positions, in exchange for discounted collateral.
Flash Mint
A mechanism that allows users to mint VUSD without collateral within a single transaction, typically for liquidation or arbitrage.
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