Bond Control Variable (BCV) is the scaling factor at which bond prices change. A low BCV translates to a higher discount for bondholders and a lower inflation for the protocol, and vice-versa.
« Back to Glossary IndexBond Control Variable (BCV) is the scaling factor at which bond prices change. A low BCV translates to a higher discount for bondholders and a lower inflation for the protocol, and vice-versa.
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