Glossary & Definitions

Below is an A–Z reference of the vocabulary you will encounter while using Juris Protocol, reading this documentation, or engaging with the wider Terra Classic ecosystem. Each entry is written in plain language first — with a concise technical note where nuance matters — so both newcomers and advanced users can navigate the platform with confidence.

A

Account (“Borrowing Account”) A segregated on-chain vault that holds one or more collateral baskets and the debts they secure. Every account has its own Health Factor and liquidation threshold, allowing users to run multiple strategies without cross-contamination of risk.

APR (Annual Percentage Rate) The interest rate, expressed on a 365-day basis, that lenders earn and borrowers pay. On Juris it changes block-by-block according to each pool’s bonding-curve formula.

APY (Annual Percentage Yield) APR compounded over a year. Juris displays APR by default; APY becomes relevant only when you continuously reinvest rewards.

Asset Rotation A liquidation-market strategy that targets specific collateral you want to accumulate (e.g., LUNC) at a discount, swapping positions over time.

B

Band Standard Dataset A third-party oracle feed for major non-Cosmos assets (BTC, ETH, etc.) consumed by Juris’ Oracle Module as an external redundancy layer.

Basket (Collateral Basket) A mix of different tokens pledged together inside a borrowing account. Unlike single-asset systems, Juris lets one basket secure all loans within that account.

Bid (Liquidation Bid) A pre-funded order, denominated in stablecoins (initially USTC), that states the maximum discount the bidder is willing to accept when purchasing liquidated collateral.

Bonding Curve (Usage-Based) An on-chain formula mapping pool utilisation (0 → 100 %) to lending/borrowing APRs. Higher utilisation = higher interest rates, balancing supply and demand.

Bronze Tier The default staking level (14-day unstake delay) offering moderate APR and voting power.

C

CEX (Centralised Exchange) An off-chain trading venue such as Binance. Frequently used to onboard fiat into LUNC or to cash out Juris-generated yields.

Channel ID A unique identifier (e.g., channel-259) that links two IBC-enabled chains for cross-chain transfers.

Claim (Staking) An action that harvests all accrued multi-asset staking rewards without affecting the underlying lock.

Collateral Any token deposited to secure a loan. Juris currently supports LUNC, USTC, USDC, TERRA and JURIS, with more assets coming via governance.

Collateral Ratio / Coverage Ratio Dollar value of collateral ÷ dollar value of debt. Displayed inversely on Juris as Health Factor.

Community Spaces (X / Twitter) Weekly live audio sessions hosted by core contributors where product news, governance, and Terra Classic topics are discussed.

Cosmos-SDK The modular blockchain framework that powers Terra Classic and most IBC-chains, enabling smart-contract upgrades such as Juris Protocol.

Cross-Margin Juris’ borrowing model where a single collateral basket can secure multiple asset loans simultaneously.

Custodial Risk The possibility of loss when assets are held by a third-party. Juris mitigates this through fully automated, non-custodial smart contracts.

D

Dashboard (Portfolio / Analytics) In-app pages presenting real-time valuations, positions, APRs, and system-wide metrics for transparent decision-making.

DAO (Decentralised Autonomous Organisation) The on-chain governance body of Juris holders that proposes and votes on upgrades, spending, and parameter changes.

Debt The amount (plus accruing interest) a borrower owes. Paid back in the asset originally borrowed.

DMZ / Liquid Tier (-1) A fully liquid staking option that carries the lowest APR and no governance weight — ideal for testing or liquidity-on-demand.

Discount Laddering A bidding technique where multiple small liquidation bids are placed at increasing discount levels to maximise fill probability.

Dynamic Interest Rate A non-fixed rate that follows a pool’s utilisation curve, ensuring self-balancing markets without manual intervention.

E

Effective Price The oracle price minus your chosen discount; the actual rate you pay per unit of collateral when a liquidation bid fills.

Escrow (IBC) Tokens are locked on the source chain’s IBC Module while vouchers are minted on the destination chain, ensuring trustless transfers.

F

Fee Stream Any regular charge (interest, service fee, penalty) that flows to lenders, liquidators, or the protocol treasury.

Fill Probability A real-time estimate of whether a liquidation bid will execute, based on pool depth and active discount queues.

Flash-Price Risk Exposure arising when oracle updates lag behind sudden spot-price moves. Juris minimises this with 30-second TWAPs and multi-feed aggregation.

G

Gateway Contract A planned upgrade enabling net-zero strategies where borrow interest is auto-paid from Stable Balance without touching main wallets.

Governance Proposal An on-chain item stakeholders vote on. Comes in two flavours: Text (signalling) and Executable (code or parameter change).

H

Health Factor (HF) A safety metric: collateral value ÷ debt value, expressed where 1.0 = liquidation threshold. HF > 1 = safe; HF < 1 triggers liquidation.

Hexxagon Juris’ infrastructure partner providing validator/node hosting and the Galaxy Station wallet interface.

I

IBC (Inter-Blockchain Communication) The Cosmos protocol for trustless asset and data transfers between independent chains.

Idle Tier Staking positions that have fully unlocked but remain undelegated; they earn no APR until restaked.

Inflation (Tokenomics) New $JURIS minted for staking rewards, airdrops, or vesting, counter-balanced by deflationary buy-backs and burns.

Interest-Only Model Borrowers owe interest continuously; principal may remain outstanding indefinitely provided HF stays > 1.

J

Juris Cuneiform A stylised iconography derived from Old Persian script that forms the brand’s arrow-like navigation symbols, representing progress and resilience.

K

Key Visual The cohesive set of colours, gradients, and shapes (deep navy, crimson, gold accents) that distinguish Juris’ “enterprise-grade” look.

KYC Gold (SolidProof) Highest tier of team verification conducted during Juris’ audit, signalling accountability in case of fraudulent activity.

L

Liquidation Forced sale of under-collateralised assets to repay protocol debt, executed via the Liquidation Market.

LUNC (Terra Classic) The native staking and fee token of the Terra Classic blockchain and gas currency for all Juris on-chain actions.

LTV (Loan-to-Value) Inverse of collateral ratio; ratio of debt to collateral value. Juris surfaces this via Health Factor.

M

Margin Account See Borrowing Account. An earlier interchangeable term.

Max Discount Queue The highest discount level currently offered in a liquidation market. Bids beyond this are unlikely to fill unless volatility spikes.

Multi-Asset Voucher IBC representation of bridged tokens. Burned on return to release original escrow.

N

Net-Zero Strategy Borrowing and simultaneously lending or staking identical assets to offset interest while earning yield elsewhere.

O

Oracle A data-feed module that supplies secure, up-to-date token prices to the protocol.

Osmosis The primary Cosmos DEX; a frequent entry/exit point for IBC assets bridged via Juris.

P

Packet An IBC message containing transfer data (amount, denom, sender, receiver) relayed between chains.

Platinum Tier The highest staking commitment (2-year lock) offering peak APR and governance power.

Pool Utilisation Borrowed assets ÷ total supplied assets in a lending pool. Drives bonding-curve APR.

Position (Borrow / Lend / Stake) An on-chain record of your individual deposit, loan, or stake, trackable in Portfolio.

Price Impact Slippage incurred when swapping large positions; relevant when flipping liquidated collateral.

Q

Queue (Liquidation) Ordered list of bids sorted by lowest to highest discount. Fills bottom-up until collateral is cleared.

R

Relay Fee Small IBC gas expense paid to off-chain relayers who transmit packets between chains.

Revenue-Share 50 % of protocol earnings (after lender share) allocated to holders via staking rewards; 15 % to Terra Classic oracle & community pools; 35 % to Juris Treasury.

S

Security Audit (SolidProof.io) A formal code review where Juris earned a 96 / 100 Gold KYB rating, published publicly for transparency.

Silver Tier Six-month staking lock with mid-high APR, ideal for medium-term supporters.

Stable Balance Your dedicated in-app bucket of USDC/USTC used for paying borrow interest, fees, and certain future products.

Stablecoin Flipping Strategy of buying volatile collateral at discount then immediately swapping to stable to realise profit.

Staking APR Variable rate funded by token emissions and protocol fees, displayed per tier.

Swap Tool Built-in interface that converts LUNC → stablecoins (and vice-versa) using Terraport liquidity.

T

Terra Classic A Cosmos-SDK chain secured by delegated proof-of-stake. Home to the Juris smart-contract suite.

Tier-Upgrade Action that migrates an existing stake into a higher-yield tier, resetting the lock timer.

TWAP (Time-Weighted Average Price) An average price over a defined block window, smoothing short-term volatility for more robust oracle inputs.

U

Unstake Process of unlocking staked $JURIS. Tier-1 is instant; Bronze requires 14-day cool-down; higher tiers auto-unlock at term end.

USTC (Terra USD Classic) Legacy algorithmic stablecoin being revitalised; primary bid currency in Juris liquidations and fee token candidate.

V

Validator (Juris) A Terra Classic node run by Juris Dev-Co LLC, contributing block production, oracle votes, and gathering staking commissions for community incentives.

Vesting Airdrop Long-tail token distribution where each tranche is locked and linearly released, allowing early supporters to share upside responsibly.

Voting Power Stake-weighted influence in Juris DAO governance. Accrues from locked $JURIS stakes; displayed as a percentage of total staked supply.

W

Wallet Connect Secure protocol used by Galaxy Station / Keplr browser extension to sign transactions with your private key stored locally.

Whitelisted Asset A token approved by governance for use as collateral, loan, or liquidation market listing.

X

X Spaces Live community-driven audio sessions on Twitter (now “X”) used for protocol updates and ecosystem discussions.

Y

Yield-Curve (Future Feature) Planned analytics overlay charting APR changes versus utilisation over time to help advanced users time deposits.

Yield-Strategy Any structured approach (classic lend, leverage loop, delta-neutral) aiming to optimise returns within Juris Protocol.

Z

Zero-Fee Withdrawal Policy where lenders can exit a pool without incurring platform fees (apart from network gas), enhancing capital agility.