ink * ink-price >= mat * art / ray
air -
art - Amount of dai borrowed against some CDP
ask -
axe - Liquidation penalty eg 0.13 dai * ray
bid -
cap -
cat - Actor that bit a CDP & triggered liquidation
chi - dai value of debt unit, increases via stability fee
cup - CDP id
cdp - Collateralized debt position, belongs to some ilk
dai - Fungible ERC20 stable coin
gem - Type of collateral token eg PETH or OMG used as collateral by some ilk
hat - Debt ceiling of some ilk
ink - Amount of peth locked up in some CDP
ilk - CDP category, has properties: gem, rum, chi, hat, mat, axe, tax, lax, rho
ire
lad - CDP owner address
lax - Grace period for expired collateral price tags
mat - Liquidation ratio eg 1.50 ray ie how much more collateral than debt to stay safe
mkr - Voting token & Fee repayment
par - Target dai price (units: sdr aka ref)
per - Ratio of peth:weth eg 1.01 * ray
ray - 10^27 units of precision for being super precise while handling ratios etc
ref - same as sdr?
rho - Timestamp of an ilk's last update
rue
rum - Total sin ie debt owed by some ilk
sin - internal anti-dai, represents 1 dai of debt
skr
tab - Normalized debt
tag - Market price of some gem
tax - Stability fee, wad per second
urn - A CDP record, has properties ilk, lad, art, ink
wad - 10^18 units of precision for handling token amounts eg number of wei per eth
zzz - Time at which a collateral price tag will expire