Reference

Glossary

Every term used on EQTY, defined once.

APR — Annual percentage rate. The yearly rate on your debt.

Available to borrow — Your borrow limit minus what you already owe.

Borrow limit — The most you could owe against your collateral: each asset’s value times its max LTV, added up.

Bridge — The service that moves assets from HyperEVM to Elysium. EQTY points to the Volta bridge.

Bridging — Status of an asset that is on its way from HyperEVM and not live on Elysium yet.

Collateral — The wrapped xStocks you deposit to back a loan.

Debt — What you owe: the USDC you borrowed plus interest so far.

Elysium — The EVM chain in the Hyperliquid ecosystem, settled on HyperEVM. Chain id 99901. Gas is paid in HYPE.

EQTY borrow fee — A planned one-time fee of 0.5% on each borrow.

HYPE — Elysium’s native currency, used to pay for gas.

HyperEVM — Hyperliquid’s EVM chain. Elysium settles on it.

Liquidation — The sale of part of your collateral to repay part of your loan, once its LTV reaches the liquidation LTV.

Liquidation bonus — The discount a liquidator receives on your collateral. It is your cost of being liquidated.

Liquidation LTV — The LTV at which a loan can be liquidated.

Liquidation price — The share price of a collateral asset at which your loan would become liquidatable, with everything else unchanged.

LTV (loan-to-value) — Your debt divided by your collateral’s value.

Max LTV — The highest LTV a loan can reach by borrowing or withdrawing.

Oracle — A service that brings prices on-chain so contracts can value collateral.

Planned — A value that is not live yet and can change before launch.

Price impact — How much your own order moves the pool’s price. Larger orders in thinner pools move it more.

Reference price — The CoinGecko price of the underlying xStock that EQTY displays. It can differ from the Elysium pool price.

USDC — A dollar stablecoin issued by Circle; the asset you will borrow.

Volta — Elysium’s launchpad and swap venue, built on Uniswap v4 pools.

Wrapped xStock — An xStock wrapped for Elysium, such as wNVDAx. Tracks one share. Not a share.

xStock — A token that tracks a US share or ETF, issued by a third party. Not a share. See About wrapped xStocks.