Shared Language
These terms fulfill the same meaning across the Swivel stack, although any variation or further clarification will be noted within specific contexts.
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These terms fulfill the same meaning across the Swivel stack, although any variation or further clarification will be noted within specific contexts.
A currency, token, or other tradable object. In Swivel, asset refers to Underlying currency or Tokens.
The lending currency of a given Market, typically a Stable Coin or Token.
An Erc20 compatible token deployed at a given Ethereum Address. May also be referenced as Erc20 or uToken.
Swivel's native yield-bearing token, representing the remaining yield potential of the Underlying for a given Market. For example: ytDAI, ytUSDC.
Swivel's native principal token, representing the principal lent to a given Market. For example: ptDAI, ptUSDC.
Amount of the Underlying or Token assets a given public key owns.
An asset-duration (underlying-duration) pairing that identifies which Orderbook / instrument is being used.
The duration a given Market generates yield, up to a specified date.
All orders expose an amount which can be filled, wholly or partially, by an Order. This will be represented by either the Principal or Interest, depending on whether the order is Amplified (deprecated: 'floating') or Fixed.
The amount of interest an Order has generated, expressed in terms of a percentage.
On Swivel's orderbook-based protocol, Liquidity Providers are Market Makers.
Swivel incentivizes liquidity by providing token rewards only to those Liquidity Providers who's orders are filled.
A person who provides Limit orders to the orderbook.
A person who executes Market Orders, filling open orderbook orders.
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