Glossary

ALPACA

Alpacas are closely related to llamas while alpacas have a more compact body shape with finer and softer fleece. In Litra, there is an algorithm named ALPACA that remains confidential for now.

LP (Liquidity provider)

Users who provide liquidity, typically wNFT/ETH, on Litra Finance or other DeFi protocols.

LP tokens (Liquidity provider token)

When LPs deposit into a wNFT pool, they will receive a counterparty token which represents their share of the pool.

NFT

Non-fungible token.

wNFT

Wrapped NFT, ERC-20 token with 18 decimals.