Glossary
Terms used across these docs, defined the way the contracts use them.
Terms
| Term | Meaning |
|---|---|
| RWA | Real World Asset. A real instrument represented onchain. |
| RWE | Real World Equity, as we use it: an equity whose live data drives onchain behaviour, rather than one merely represented onchain. |
| Quantum Relay | Our oracle and coordination layer, converting trusted signals into programmable onchain actions. |
| Hook tax | The share taken by the hook, split between holders and stakers. Written h. Does not include the LP fee. |
| LP fee | Uniswap v4's dynamic fee, paid natively to liquidity providers. Written f. |
| Composite | What a trader actually pays: h + f − h·f. Never the sum. |
| Carve | The protocol's 1%, subtracted from the hook tax rather than added to it. |
| High-water | The most a pool's rules could ever charge. Also what it charges when data is stale. |
| Effective state | The single cached result of evaluating every rule. The only thing a swap reads. |
| Fallback | The degraded mode a pool enters when data is stale: charging the high-water rate. |
| bps | Basis points. One hundredth of a percent. The unit used in storage and on screen. |
| Pips | Uniswap v4's fee unit, where 1% is 10,000. Used only at the V4 boundary, never in an interface. |
| Share multiplier | The factor between a tokenized share and the underlying share. Drifts with dividends, jumps on splits. |