Sumero
Search…
Glossary of Terms
Term
Description
Synthetic Asset
An crypto-asset that tracks the value of something else.
DeFi
Decentralised Finance
DAO
Distributed Autonomous Organisation
Clay
Sumero's native currency
SumSwap
Sumero's native exchange
cAsset
A synthetic asset created on Sumero. A "clay asset" or cAsset for short.
Collateral
An asset of value staked to mint a synthetic asset. Sumero permits both ether (ETH) and USDC.
ETH
Ethereum's native cryptocurrency.
USDC
A USD coin issued by centre consortium and backed by assets held in State Street bank.
zClay Bond
A zero coupon Clay bond.
Zero Coupon Bond
A bond that only pays interest at maturation date. There are "zero coupon" payments during its lifetime.
Last modified 6mo ago
Copy link