# Glossary ### $HOPE $HOPE is a utility distributed stablecoin, designed as a currency vehicle for non-crypto natives to enjoy financial inclusion in a fully transparent and secure environment. $HOPE will be backed by distributed reserves of BTC and ETH. ### $stHOPE $stHOPE is a liquid, tokenized representation of staked $HOPE in the in the ecosystem. ### $LT $LT (Light Token) is the single utility token of the HOPE ecosystem that aims to power all protocols within the ecosystem. ### veLT veLT is a special ERC-20 token that stands for vote-escrowed $LT. It represents $LT that is locked for voting and is not transferable or tradable. ### Gömböc HOPE Gömböc is a set of distributed reserve pools for $HOPE. ### The Peg Event As the cryptocurrency market recovers, the market value of $HOPE will gradually achieve $1.0, reaching 100% of face value. ### DeFi Decentralized finance (commonly referred to as DeFi) is an experimental form of finance that does not rely on financial intermediaries such as brokerages, exchanges, or banks, and instead utilizes blockchains, most commonly the Ethereum blockchain. --- # Agent Instructions: Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter: ``` GET https://docs.hope.money/appendix/glossary.md?ask= ``` The question should be specific, self-contained, and written in natural language. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.