Start here
Glossary
Every noun the protocol uses, in one place.
Loading…
Start here
Every noun the protocol uses, in one place.
Loading…
Start here
Every noun the protocol uses, in one place.
| Term | Meaning |
|---|---|
| Premint | The fund tokens minted at launch, before any mining: the pool tokens and the team allocation. See Premint and team allocation. |
| Team allocation | The premint that goes to the wallet launching a fund, for free and with no vesting or lockup. Not the same as signaling, which directs a fund's future revenue. |
| fund token | The tradable token representing a share of a fund. After the genesis mint, issued only by its Mine; redeemable against its treasury. Written Coin when it names the contract. |
| Treasury | The ownerless treasury of a Coin. Holds assets only; anyone can burn the Coin it holds; pays withdrawals. |
| Mine | The contract that issues Coin through one hourly Dutch auction paid in USDG. Each fund has exactly one Mine. |
| Takeover | Paying the current price to take over a fund's Mine. Whoever takes it over becomes the current miner and earns the complete current Coin emission rate until someone else takes it over. |
| Tenure | One miner's time running the Mine, from taking it over until someone else takes it over. The emission rate is fixed for the tenure. |
| Epoch | One auction period. Starts on each successful takeover or fill, with a new id. The decay period ends when price reaches zero; the epoch continues until the next fill. |
| Emission | Coin earned by the current miner over time, at a rate that halves for newly started tenures on a fixed schedule. |
| USDG | The six-decimal token used for mining payments and strategy revenue. Auction buyers instead pay the strategy's chosen asset; demo deployments may use mock USDG. |
| Resonance | The registry of strategies. Receives routed USDG and streams it to live strategies in proportion to signal weight over seven days. |
| ResonanceRouter | A buffer permanently paired with one Resonance. The Mine can be redirected to a different destination. Anyone can call it to forward its balance once conditions are met. |
| Strategy | An asset acquisition route represented by an Auction contract, which sells received USDG for its chosen payment token. |
| Payment token | The asset a strategy is pursuing. Buyers pay it; the treasury receives it. |
| Signal | Coin escrowed one-for-one to put weight on strategies. Directs future revenue, without rebalancing existing treasury assets. |
| SignalCoin | The non-transferable receipt token minted for escrowed Coin; often written sCoin. Also an ERC20Votes token. |
| Signal manager | In a manager-led fund, a wallet allowed to signal. The controller owner can add or remove managers and clear a removed manager’s positions; opening to holders ends manager-led mode. |
| Bribe | The reward contract of one strategy. Streams each registered reward token to that strategy's signalers over seven days. |
| BribeRouter | The buffer that holds a strategy's signal reward share of each sale until it can start a Bribe stream. |
| Bribe share | The portion of each strategy sale, in basis points, sent to the BribeRouter instead of the treasury. Zero to 20%. |
| FundController | The team's administration contract. Initially owns the Coin, Mine, Resonance and LP token; exposes only typed actions. |
| Launchpad | The permissionless factory that creates Coin graphs and keeps the authoritative record of each. |
| Genesis liquidity | The team’s deposit and the newly minted fund tokens that open a fund’s pool. Their LP tokens are locked forever. Earlier Uniswap V2 launches burned theirs. |
| Base asset | The token a fund token trades against in its pool, and the one the launch deposit is paid in. USDG unless the team chose another. |
| Pool | The fund’s Uniswap V4 market for its fund token and base asset. Every trade in it pays the permanent fee chosen at launch (0.01%–10%), split 70% to the team side and 30% to the protocol while protocol fees are enabled. |
| LP token | An ERC-20 share of a pool. Return it to withdraw your share of both tokens; it can also fill a fund’s LP auction. Written LP shares in the contracts. |
| Effective supply | Total Coin supply plus emission that the current tenure has accrued but not yet minted. The denominator of every withdrawal. |
| Pull claim | An amount recorded for a beneficiary that anyone may trigger but only the beneficiary receives. Used for outgoing-miner, team and protocol payments. |
| Kill | Irreversibly stopping a strategy from receiving new signals or revenue. Existing signals can be removed and rewards remain claimable. |