# Glossary ## APR *Annual Percentage Rate*, is the annualized interest rate without taking the effect of compounding into account. ## Backing Price The honored value of wMEMO based on its share of treasury assets. The backing price is calcuated as: *Liquid Treasury Balance / wMEMO Circulating Supply* ## DAO *Decentralized Autonomous Organization*, is a governance mechanism for making decisions in a more trustless and collaborative way. Voting rights are often bound to a governance token. In **Wonderland** the governance token is **wMEMO.** ## Treasury Operator An elected member who has experience in certain areas of investing and whose job is to propose advanced strategies to deploy the treasury and earn returns for token holders. This position was defined in [\[WIP #15\]](https://wl-l.ink/forum/WIP/15-Treasury-Operators). --- # 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.wonderland.money/ecosystem/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.