Glossary Section

Term	Definition
Vault	A secure, on-chain smart contract where users lock supported collateral (e.g., ETH, staked tokens, tokenized gold) to borrow blue-chip assets.
PDP	Paydax's native utility token that provides governance rights, staking rewards, and ecosystem benefits.
Debt	The amount of borrowed assets a user has taken from their Vault. Must be repaid to unlock the collateral.
Collateral Safety Score (CSS)	A ratio representing the health of a vault. If CSS drops below 100.5%, partial or full liquidation may occur.
Stability Pool	A PDP-funded pool that helps manage undercollateralized vaults. Participants earn a portion of the liquidated collateral as rewards.
Loan-to-Value (LTV)	The ratio of borrowed assets against collateral value. Influenced by user tier and asset risk.
Over-Collateralizatio n	The requirement to deposit more collateral than the value of borrowed assets. Ensures system solvency and stability.