> ## Documentation Index
> Fetch the complete documentation index at: https://docs.stratareserve.co/llms.txt
> Use this file to discover all available pages before exploring further.

# Glossary

> Key terms used across the Strata documentation.

<ResponseField name="srUSD" type="instrument">
  Strata's collateralized digital settlement dollar, backed by tokenized reserves
  and redeemable 1:1 for USDC on-chain. Non-yield-bearing; not a deposit or a
  liability of any entity.
</ResponseField>

<ResponseField name="srSILVER" type="instrument">
  A tokenized representation of vaulted silver, backed by SPV-held reserves and
  redeemable for USDC at spot silver value. Provides commodity exposure and DeFi
  collateral.
</ResponseField>

<ResponseField name="SPV (Special Purpose Vehicle)" type="entity">
  A dedicated legal entity established to hold an asset and its financing terms.
  The off-chain anchor for ownership that the on-chain representation depends on.
</ResponseField>

<ResponseField name="Deal" type="concept">
  A coordinated ownership state transition — not merely a database object or a
  fundraising listing. Moves through the canonical lifecycle from Draft to Active.
</ResponseField>

<ResponseField name="Collateral Ratio (CR)" type="parameter">
  The ratio of collateral value to issued value. srUSD is over-collateralized,
  with ratios from \~125% (vaulted silver) to \~1000% (private credit) depending on
  asset liquidity and duration.
</ResponseField>

<ResponseField name="LTV (Loan-to-Value)" type="parameter">
  The proportion of an asset's value that can be borrowed against in the Credit
  engine. The inverse perspective of the collateral ratio.
</ResponseField>

<ResponseField name="SRM (Strata Redemption Mechanism)" type="mechanism">
  The USDC Redemption Pool that creates an autonomous, permissionless price floor
  for srUSD at approximately \$0.997.
</ResponseField>

<ResponseField name="Reg D 506(c)" type="regulatory">
  The U.S. securities exemption under which Strata's tokenized offerings are
  structured for accredited investors, permitting general solicitation with
  verified accreditation.
</ResponseField>

<ResponseField name="KYC / KYB" type="compliance">
  Know Your Customer / Know Your Business — identity and entity verification.
  Strata's KYB verifies every ultimate beneficial owner (UBO).
</ResponseField>

<ResponseField name="veSTRA" type="governance">
  Vote-escrowed STRA — the governance and market-coordination token mechanism
  that aligns liquidity providers and token holders with the protocol's long-term
  health.
</ResponseField>

<ResponseField name="POL (Protocol-Owned Liquidity)" type="treasury">
  Liquidity owned by the protocol itself, managed through the Markets engine to
  make liquidity depth a durable property of the system.
</ResponseField>

<ResponseField name="Risk Committee" type="governance">
  The body with authority over collateral eligibility, ratios, issuance caps,
  emergency actions, and agent-policy ceilings.
</ResponseField>

<ResponseField name="Steward" type="infrastructure">
  Strata's policy and signing layer. Agents propose state-changing actions;
  Steward evaluates policy and gates or signs them.
</ResponseField>