Glossary

Basic Concepts

Term	Description
GRAM	Currency used in the protocol (on the TON blockchain)
NFT	Unique digital asset (Non-Fungible Token)
Wallet	Your address for sending and receiving GRAM and NFTs
Gas	Network fee for processing a transaction

Lending

Term	Description
Borrower	Someone who takes GRAM against NFT collateral
Lender	Someone who provides GRAM for lending
Collateral	NFT transferred to the protocol as loan security
Principal	Loan body — the amount the borrower receives
Interest	Payment for using the loan
Repay	Return the loan amount + interest
Default	Failure to repay the loan on time
LTV	Ratio of loan amount to NFT value (e.g., 60% LTV = 60 GRAM loan on a 100 GRAM NFT)
APY	Annual Percentage Yield
Floor price	Minimum NFT price in a collection

Protocol

Term	Description
Strategy	Set of lending conditions (collections, amounts, rates, durations)
Free balance	GRAM available for loans and withdrawal
Reserved balance	GRAM tied to active loans
Service fee	10% of interest retained by the protocol

Programs

Term	Description
Referral program	Rewards for attracting new borrowers
Points	Score for ecosystem contribution
Leaderboard	Rankings by points