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Glossary
The terms used throughout the contracts, application and technical references.
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Markets and pricing
| Term | Meaning |
|---|---|
| Backing / paired asset | The asset that denominates a market’s trades, taxes and reserves. |
| Canonical market | The recognized market identified by its original hook and pool ID. |
| Hook | The contract enforcing market behavior through Uniswap v4 callbacks. |
| Pool ID | Hash of a pool key; keep the original hook with it for Sinjoh market identity. |
| Tick | Logarithmic pool-price index; currency orientation determines the token-price interpretation. |
| Bps | Basis points: 100 bps = 1%, 10,000 bps = 100%. |
| Gross / net | Before / after applicable taxes or deductions in the specified context. |
| Market cap / FDV | Canonical price times the implementation’s market-cap supply, distinct from floor obligations. |
| Smoothed average | Stored time-dependent tick smoothing; not a trailing-window TWAP. |
| Slippage | Allowed deterioration from a quote within enforced transaction bounds. |
Reserves and routing
| Term | Meaning |
|---|---|
| Floor | Optional funded minimum gross sale price for relevant holder obligations. |
| Floor cash | Protected liquid backing held for floor execution. |
| Treasury | Market-owned surplus outside protected floor funding. |
| Outstanding supply | Holder obligations after specified managed-inventory and destruction exclusions. |
| Claim value | Backing value of an investment position; not cash immediately available for withdrawal. |
| Draining venue | An older tracked yield position being recovered during a venue transition. |
| Route | Canonical creator-revenue action allocation for one market. |
| Held allocation / dust | Tracked unexecuted backing / raw rounding remainder, neither charged intake twice. |
| Sweep | Conversion of eligible unsolicited inventory into the prescribed reserve destination. |
| Dead-address disposal | Transfer to the dead address; not necessarily a burn that reduces totalSupply. |
Rewards, accounts and observations
| Term | Meaning |
|---|---|
| Pot | Unallocated reward funding before a posted reservation. |
| Credit | A reserved unpaid obligation that retains its original payment/settlement rules. |
| Merkle root | Commitment to a set of allocations or ordered ticket intervals. |
| VRF | Verifiable random function; binds a proof/output to a committed key and input. |
| Attester | Authorized service that reconstructs and posts closed-round reward results. |
| Keeper | Recorded service account authorized to execute specified automation. |
| Manifest | Public deployment identity: chain, start block, contracts, hooks and vetted backings. |
| Observation block | Chain state at which particular reads or measurements were taken. |
| Finalized | At or below the chain’s reported finality boundary. |
| Indexer lag | Distance between processed indexed state and the relevant chain observation. |
| Embedded wallet | A user wallet provisioned through the account provider, separate from a profile record. |