# Glossary

#### **Blight Factor** <a href="#convert" id="convert"></a>

The value adjusted by a gauge that changes the Mown Stalk penalty for Converting Deposited Pinto to Deposited LP tokens. Read more [here](https://pinto.money/pinto.pdf#subsubsection.12.3.2).

#### **Convert** <a href="#convert" id="convert"></a>

Changing one Deposited asset for another within the [Silo](https://docs.pinto.money/pinto-mechanics/silo-the-perfect-complement-to-credit). Read more [here](https://docs.pinto.money/pinto-mechanics/silo-the-perfect-complement-to-credit/converts-changing-price-from-within).

#### Convert Down Bonus (Stalk Bonus)

A static Stalk bonus for a Convert down (Pinto → LP), currently 0 under all circumstances. Read more [here](https://docs.pinto.money/pinto-mechanics/silo-the-perfect-complement-to-credit/dynamic-convert-bonus-and-penalty-system-fine-tuned-convert-incentives).

#### Convert Up Penalty (Stalk Penalty)

A static penalty of 100% of Stalk accumulated from Seeds upon a Convert up (LP → Pinto) above $1. Read more [here](https://docs.pinto.money/pinto-mechanics/silo-the-perfect-complement-to-credit/dynamic-convert-bonus-and-penalty-system-fine-tuned-convert-incentives).

#### Crop Ratio <a href="#crop-ratio" id="crop-ratio"></a>

The ratio of [Seed](#seeds) rewards between Pinto and the LP token with the highest [Gauge Points](#gauge-points) per [PDV](#pinto-denominated-value). Adjusted via the [Gauge System](#seed-gauge-system). Determines the relative benefits of holding Pinto exposure vs exposure to the LP token with the most Seeds in the Silo over time. Read more [here](https://docs.pinto.money/responding-to-state/crop-ratio-changes).

#### Cultivation Factor

The value adjusted by a gauge that causes the Soil issued to increase as Pinto is Sown into all Soil, and decrease otherwise. Read more [here](https://pinto.money/pinto.pdf#subsubsection.12.3.1).

#### Cultivation Temperature

The Maximum Temperature from the last Season in which Soil either sold out entirely or almost sold out and demand for Soil was steady or increasing. It is used to prevent instances where the protocol gets stuck oscillating the Maximum Temperature downward and the Cultivation Factor upward, and the Maximum Temperature upward and the Cultivation Factor downward. Read more [here](https://docs.pinto.money/pinto-mechanics/field-the-most-innovative-lending-facility-in-crypto/the-cultivation-system-optimal-soil-issuance#elements-of-the-cultivation-system).

#### Cultivation System

Determines Soil issuance every Season relative to the maximum number of Soil the protocol would be willing to issue given its current state and infinite demand for Soil. It has three elements: the Cultivation Factor, the Cultivation Temperature, and two manipulation resistant thresholds to determine whether Soil sold out or almost Sold out in the previous Season. Read more [here](https://docs.pinto.money/pinto-mechanics/field-the-most-innovative-lending-facility-in-crypto/the-cultivation-system-optimal-soil-issuance).

#### **deltaP (**∆&#x50;**)** <a href="#deltap" id="deltap"></a>

The shortage or excess of Pinto in a liquidity pool that Pinto trades in. TWA∆P is the time-weighted version of ∆P.

#### Delta Demand <a href="#delta-demand" id="delta-demand"></a>

The ratio of the change in [Soil](#soil) Sown into over the prior two [Seasons](#season). Used to measure Demand for Soil.

#### **Deposit** <a href="#deposit" id="deposit"></a>

Assets on the [Deposit Whitelist](#deposit-whitelist) can be Deposited in the [Silo](#silo) at any time to earn [Stalk](#stalk) and [Seeds](#seeds). Read more [here](https://docs.pinto.money/pinto-mechanics/silo-the-perfect-complement-to-credit#deposit-whitelist).

#### **Deposit Whitelist** <a href="#deposit-whitelist" id="deposit-whitelist"></a>

The whitelist of ERC-20 tokens that can be Deposited in the [Silo](#silo). See the Deposit Whitelist [here](https://docs.pinto.money/contracts#current-deposit-whitelist).

#### **Depot** <a href="#depot" id="depot"></a>

The component of the [Toolshed](#toolshed) that facilitates interactions with other protocols in a single transaction. Read more [here](https://docs.pinto.money/pinto-mechanics/toolshed/depot).

#### Dynamic Convert Down Penalty

A dynamic fraction of Stalk accumulated from Seeds burned upon a Convert down (Pinto → LP), defined [here](https://docs.pinto.money/pinto-mechanics/silo-the-perfect-complement-to-credit/dynamic-convert-bonus-and-penalty-system-fine-tuned-convert-incentives#dynamic-convert-down-penalty).

#### Dynamic Convert Up Bonus

A dynamic Stalk bonus per PDV Converted upon a Convert up (LP → Pinto). Read more [here](https://docs.pinto.money/pinto-mechanics/silo-the-perfect-complement-to-credit/dynamic-convert-bonus-and-penalty-system-fine-tuned-convert-incentives#dynamic-convert-up-bonus).

#### Dynamic Convert Bonus and Penalty System

A mechanism that instantly credits a Stalk bonus or burns a portion of Stalk accumulated from Seeds on a Deposit upon Convert, as part of the target maintenance mechanism. It comprises four levers:

1. Dynamic Convert Down Penalty (Stalk Penalty)
2. Dynamic Convert Up Bonus (Stalk Bonus)
3. Convert Up Penalty (Stalk Penalty)
4. Convert Down Bonus (Stalk Bonus).

Read more [here](https://docs.pinto.money/pinto-mechanics/silo-the-perfect-complement-to-credit/dynamic-convert-bonus-and-penalty-system-fine-tuned-convert-incentives).

#### **Earned Pinto** <a href="#earned-pinto" id="earned-pinto"></a>

Pinto that have been paid to a Stalkholder since the last Season they [Planted](#plant) their [Plantable Seeds](#plantable-seeds) (Claimed). Upon Plant, Earned Pinto are [Deposited](#deposit).

#### **Earned Stalk** <a href="#earned-stalk" id="earned-stalk"></a>

[Stalk](#stalk) earned from [Earned Pinto](#earned-pinto). Earned Stalk automatically contribute to Stalk ownership and do not require any action to claim them.

#### **Farm** <a href="#farm" id="farm"></a>

The Pinto ecosystem. The Farm has four primary components: the [Sun](#sun), [Silo](#silo), [Field](#field) and [Toolshed](#toolshed). Read more [here](https://docs.pinto.money/pinto-mechanics).

#### **Farm Balance** <a href="#farm-assets" id="farm-assets"></a>

Balances stored in the Pinto protocol (but not Deposited, in Pod Orders, etc.). Farm Balances can be used in transactions on the [Farm](#farm) and may be more gas efficient than [Wallet Balances](#wallet-balance). Read more [here](https://docs.pinto.money/pinto-mechanics/toolshed/farm-balances).

#### **Farmers** <a href="#farmers" id="farmers"></a>

Users of Pinto.

#### **Field** <a href="#field" id="field"></a>

The Pinto credit facility. Read more [here](https://docs.pinto.money/pinto-mechanics/field-the-most-innovative-lending-facility-in-crypto).

#### **FIFO** <a href="#fifo" id="fifo"></a>

First in, first out. [Pods](#pods) become [Harvestable](#harvestable-pods) (redeemable for Pinto) on a FIFO basis. This means that Pods closer to the front of the [Pod Line](#pod-line) become Harvestable before Pods farther back in the Pod Line. Read more [here](https://docs.pinto.money/pinto-mechanics/field-the-most-innovative-lending-facility-in-crypto#creating-a-competition-to-lend-to-pinto).

#### **Flood** <a href="#flood" id="flood"></a>

If it is [Raining](#rain) and the [Pod Rate](#pod-rate) is less than 3% (Excessively Low), at gm there is a Flood. At the beginning of a Season where it Floods, additional Pinto are minted and sold directly into pools on the [Flood Whitelist](#flood-whitelist). Read more [here](https://docs.pinto.money/responding-to-state/flood).

#### Flood Whitelist

The whitelist of liquidity pools that the protocol evaluates whether to sell Pinto into or not during a [Flood](#flood). Read more [here](https://docs.pinto.money/responding-to-state/flood#current-flood-whitelist).

#### Gauge Points <a href="#gauge-points" id="gauge-points"></a>

Used by the [Gauge System](#seed-gauge-system) to determine [Grown Stalk](#grown-stalk) issuance across LP tokens on the [Deposit Whitelist](#deposit-whitelist).

#### Germination <a href="#germination" id="germination"></a>

Germinating [Deposits](#deposit) are Deposits that are less than 2 [gm](#gm) calls old. Germinating Deposits can be [Withdrawn](#withdraw) or transferred, but cannot be [Converted](#convert). Germination exists to add flash loan and inter-block MEV manipulation resistance to the calculation of Deposited PDV. By preventing the accrual of [Earned Pinto](#earned-pinto) for 1 full [Season](#season), the protocol further disincentivizes inorganic demand.

#### **gm** <a href="#gm" id="gm"></a>

The protocol accepts one gm function call every [Season](#season). Upon the gm call, the protocol adjusts the Pinto supply and various incentives to facilitate low volatility. Read more [here](https://docs.pinto.money/pinto-mechanics/sun-the-source-of-life-on-the-farm).

#### **Grown Stalk** <a href="#grown-stalk" id="grown-stalk"></a>

[Stalk](#stalk) earned from [Seeds](#seeds). Grown Stalk does not contribute to Stalk ownership until it is [Mown](#mow) (Claimed). Mow can be called on its own, and it is also called at the beginning of any [Silo](#silo) interaction ([Depositing](#deposit), [Withdrawing](#withdraw), [Converting](#convert), etc.).

#### **Harvest** <a href="#harvest" id="harvest"></a>

Redeem Harvestable Pods for 1 Pinto each.

#### **Harvestable Pods** <a href="#harvestable-pods" id="harvestable-pods"></a>

[Pods](#pods) that are redeemable for 1 Pinto each. Harvestable Pods must be Harvested in order to use them.

#### Liquidity Rate (a.k.a. Liquidity to Supply Ratio or L2SR) <a href="#liquidity-to-supply-ratio-l2sr" id="liquidity-to-supply-ratio-l2sr"></a>

Represents the the Pinto liquidity level relative to the Pinto supply. The Liquidity Rate is a useful indicator of the protocol's health. Read more [here](https://docs.pinto.money/responding-to-state/classifying-state#liquidity-level).

#### Liquidity Weight <a href="#liquidity-weight" id="liquidity-weight"></a>

The portion of liquidity in a whitelisted liquidity pool that counts towards the [Liquidity to Supply Ratio](#liquidity-to-supply-ratio-l2sr) calculation.

#### Maximum Temperature <a href="#maximum-temperature" id="maximum-temperature"></a>

The maximum [Temperature](#temperature) the protocol is willing to offer during a [Season](#season). Read more [here](https://docs.pinto.money/responding-to-state/temperature-changes).

#### Minting Whitelist <a href="#minting-whitelist" id="minting-whitelist"></a>

The whitelist of liquidity pools whose TWA∆P's are summated to calculate a total TWA∆P. Read more [here](https://docs.pinto.money/pinto-mechanics/sun-the-source-of-life-on-the-farm#minting-whitelist).

#### Morning <a href="#morning" id="morning"></a>

The first 10 minutes of each [Season](#season) where the [Temperature](#temperature) approaches the [Maximum Temperature](#maximum-temperature).

#### **Mow** <a href="#mow" id="mow"></a>

Mowing (Claiming) [Grown Stalk](#grown-stalk) adds it to your [Stalk](#stalk) balance. Called upon any interaction with the [Silo](#silo).

#### **Pinto Denominated Value (PDV)** <a href="#pinto-denominated-value-pdv" id="pinto-denominated-value-pdv"></a>

The value of an asset denominated in Pinto. Used to calculate how many [Stalk](#stalk) and [Seeds](#seeds) are rewarded to Depositors of an asset in the [Silo](#silo). Abbreviated as PDV.

#### **Pinto** <a href="#pinto" id="pinto"></a>

The low volatility money protocol that issues Pinto. Also used to refer to the ERC-20 token.

#### **Pinto Contract Multisig (PCM)** <a href="#pcm" id="pcm"></a>

The multisig that custodies ownership of the Pinto contract. Abbreviated as PCM. Read more [here](https://docs.pinto.money/appendix/upgradability).

#### **Pipeline** <a href="#pipeline" id="pipeline"></a>

A sandbox contract that can execute an arbitrary number of actions within the EVM from an EOA in a single transaction. Forked from [evmpipeline.org](https://evmpipeline.org).

#### **Plant** <a href="#plant" id="plant"></a>

Planting (Claiming) adds [Plantable Seeds](#plantable-seeds) to your total [Seed](#seeds) balance.

#### **Plantable Seeds** <a href="#plantable-seeds" id="plantable-seeds"></a>

[Seeds](#seeds) earned in conjunction with [Earned Pinto](#earned-beans). Plantable Seeds must be [Planted](#plant) in order to grow [Stalk](#stalk).

#### **Plot** <a href="#plot" id="plot"></a>

[Pods](#pods) that grow from Pinto that were [Sown](#sow) in the same transaction form a Plot.

#### **Pod Line** <a href="#pod-line" id="pod-line"></a>

The order in which [Pods](#pods) will become [Harvestable](#harvest) based on the FIFO Harvest schedule.

#### **Pod Listing** <a href="#pod-listing" id="pod-listing"></a>

An offer to sell [Pods](#pods) on the [Pod Market](#pod-market). Read more [here](https://docs.pinto.money/pinto-mechanics/toolshed/pod-market#pod-listings).

#### **Pod Market** <a href="#pod-market" id="pod-market"></a>

The decentralized, trustless market that [Pods](#pods) can be bought and sold on. Read more [here](https://docs.pinto.money/pinto-mechanics/toolshed/pod-market).

#### **Pod Order** <a href="#pod-order" id="pod-order"></a>

An order to buy [Pods](#pods) on the [Pod Market](https://docs.pinto.money/pinto-mechanics/toolshed/pod-market). Read more [here](https://docs.pinto.money/pinto-mechanics/toolshed/pod-market#pod-orders).

#### **Pod Rate** <a href="#pod-rate" id="pod-rate"></a>

The protocol debt level (Pod supply) relative to the Pinto supply. The Pod Rate is often used as a proxy for the protocol's health. Read more [here](https://docs.pinto.money/responding-to-state/classifying-state#debt-level).

#### **Pods** <a href="#pods" id="pods"></a>

The Pinto-native debt asset, redeemable for 1 Pinto each once they become [Harvestable](#harvest). Read more [here](https://docs.pinto.money/pinto-mechanics/field-the-most-innovative-lending-facility-in-crypto#pods).

#### Rain

At the beginning of a [Season](#season) where TWA∆P > 0 and [Pod Rate](#pod-rate) < 3% (Excessively Low), it is Raining.

#### **Season** <a href="#season" id="season"></a>

Seasons are Pinto-native time. Every Season is approximately 1 hour. Each Season begins when the [gm](#gm) function is successfully called on Base. Read more [here](https://docs.pinto.money/pinto-mechanics/sun-the-source-of-life-on-the-farm).

#### Seed Gauge System <a href="#seed-gauge-system" id="seed-gauge-system"></a>

The component of the [Silo](#silo) responsible for dynamically adjusting the [Seed](#seeds) rewards for different assets whitelisted in the Silo. Read more [here](https://docs.pinto.money/pinto-mechanics/silo-the-perfect-complement-to-credit/optimizing-liquidity-distribution-via-the-seed-gauge-system).

#### **Seeds** <a href="#seeds" id="seeds"></a>

An illiquid token that yields 1/10000 [Grown Stalk](#grown-stalk) every [Season](#season).

#### **Silo** <a href="#silo" id="silo"></a>

The Pinto Deposit facility. Read more [here](https://docs.pinto.money/pinto-mechanics/silo-the-perfect-complement-to-credit).

#### **Soil** <a href="#soil" id="soil"></a>

The current number of Pinto that can be Sown in exchange for [Pods](#pods). Read more [here](https://docs.pinto.money/pinto-mechanics/field-the-most-innovative-lending-facility-in-crypto#soil).

#### **Sow** <a href="#sow" id="sow"></a>

Lending to the protocol. Used in the context of Sowing Pinto, or lending Pinto to the protocol when there is [Soil](#soil).

#### **Stalk** <a href="#stalk" id="stalk"></a>

An illiquid token that entitles the holder to a pro rata share of future Pinto mints. Read more [here](https://docs.pinto.money/pinto-mechanics/silo-the-perfect-complement-to-credit).

#### **Stalkholders** <a href="#stalkholders" id="stalkholders"></a>

Holders of the [Stalk](#stalk) token. Stalkholders earn Pinto seigniorage.

#### Sun <a href="#sun" id="sun"></a>

The component of the [Farm](#farm) that keeps time in [Seasons](#season) and incentivizes cost-efficient and timely calling of the [gm](#gm) function. Read more [here](https://docs.pinto.money/pinto-mechanics/sun-the-source-of-life-on-the-farm).

#### Target Seasons to Catch Up <a href="#target-seasons-to-catch-up" id="target-seasons-to-catch-up"></a>

Determines the target number of [Seasons](#season) for a new [Deposit](#deposit) with an average number of [Seeds](#seeds) to catch up to the average [Grown Stalk](#grown-stalk) per [PDV](#bean-denominated-value) of existing Deposits at the time of Deposit. Read more [here](https://docs.pinto.money/pinto-mechanics/silo-the-perfect-complement-to-credit/optimizing-liquidity-distribution-via-the-seed-gauge-system#the-seed-gauge-step-by-step).

#### **Temperature** <a href="#temperature" id="temperature"></a>

The interest rate for Sowing Pinto. Read more [here](https://docs.pinto.money/pinto-mechanics/field-the-most-innovative-lending-facility-in-crypto/the-field-simply-put#temperature).

#### Toolshed <a href="#toolshed" id="toolshed"></a>

The Toolshed offers a suite of tools for efficient use of Pinto and other Base-native protocols. Read more [here](https://docs.pinto.money/pinto-mechanics/toolshed).

#### **Wallet Balance** <a href="#wallet-balance" id="wallet-balance"></a>

Balances in Farmers' wallets. Can be used in the same transaction as [Farm Balances](#farm-assets).

#### **Withdraw** <a href="#withdraw" id="withdraw"></a>

Deposited assets can be Withdrawn from the [Silo](#silo) at any time. The number of [Stalk](#stalk), [Seeds](#seeds), and Stalk from Seeds rewarded for a Deposited asset must be forfeited upon its Withdrawal from the Silo. Read more [here](https://docs.pinto.money/pinto-mechanics/silo-the-perfect-complement-to-credit#withdraw).