The discussion boards are showing the increase in the use of acronyms and Nu-specific (or Cryptocoin-specific) jargon – TLLP, ALP, DAC, LPC, etc.
As we wish to retain and grow the user base to other communities and the mass public, I feel we need to make sure we are understood outside the community. Further, whereas English dominates on this Nu discussion board (I’m not aware of others), it is approximated that only 27% of the world knows English, and should make efforts to ensure these discussions can be translated into other languages.
NBT: NuBit – an asset, created by the Distributed Autonomous Company called Nu that is pegged to the US Dollar.
NSR: NuShares – an asset that represents ownership and provides the ability to vote and control the Nu network in a distributed fashion. Owners of NuShares are rewarded as the Nu network generates revenue through services, thru the distribution of funds as dividends, or thru the buyback of NuShares with proceeds made thru the sale of NuBits.
FSRT: First Strategic Reserve Team – a team of several individuals entrusted with Nu assets, protected thru
MultiSig, that can be bought or sold on the open market manually should circumstances emerge that can not be handled by the liquidity pools.
DAC: Distributed Autonomous Company – An organization that is has no specific physical geographical location or headquarters, that takes action through the consensus
Liquidity: The ability to buy or sell an asset quickly and with no or minimal impact to the market value of the asset.
LP: Liquidity Provider (or Liquidity Pool) – a person, team, or technology that enables the buyers and sellers of an asset to transact with efficiency and no or minimal impact to the market value.
ALP: Automatic Liquidity Pool – A distributed autonomous entity that coordinates the placement and pricing of assets that are owned by individuals on an exchange, to provide liquidity in a unified fashion. The ALP rewards the risk that the individuals are taking by coordinating the buy-side and sell-side walls, such that a small profit is earned from the spread.
TLLP: Trustless Liquidity provider – older term for Automated Liquidity Provider.
MLP: Managed Liquidity Pool – participants provide their assets to a trusted entity, who then manages the pricing and placement of the assets on an exchange, to provide liquidity. The MLP provides compensation the risk taken by individuals either thru a spread between buy-side and sell-side walls, or thru requesting and distributing NuBits / NuShares that are received thru a successful custodian vote.
Multi-Sig: The state of a cryptocurrency asset requiring the signature of multiple participants for it to be transferred.
Peg: To track the value of a secondary asset (such as NuBits) to a primary asset (such as USD).
Spread: For a single asset, the difference between the buy-side and sell-side. For related assets, the difference in market price between the two assets.
NuBot: Software that uses the APIs available on exchanges and market data feeds to manage the buy-side and sell-side walls for a liquidity provider.
