Is theta a daily decay?

Could you please clarify whether theta experiences a daily decay? I've heard some discussions about it, but I'm not entirely sure how it works. Could you explain what daily decay means in the context of theta, and if it applies to this cryptocurrency? Additionally, would you mind explaining any factors that might influence such a decay, if it exists? It would be helpful to have a better understanding of this aspect of theta's functionality. Thank you for your assistance.