Glossary

Everything you need to understand about Beluga!

Price Per Full Share/Share Price/PPFS - The ratio of bTokens to tokens of a Beluga vault. This is a ratio that increases on every autocompound and every early exit penalty charge.

bTokens/Vault Shares - Tokens that are minted on vault deposit that represent your deposit in a specific vault.

Performance Fee - The fee charged by Beluga's strategies. This is charged on profits generated by the strategy, not your deposits or withdrawals.