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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