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Glossary

TermMeaning in these docs
ATechnical shorthand for a speculative launch token
BTechnical shorthand for a Lot token; also called a basket token in contracts
Approved stock tokenToken admitted under Lots' asset rules; admission guarantees neither safety nor returns
Atomic settlementRequired steps complete together in one transaction or all revert
Atomic unitThe smallest integer unit of a token, determined by its decimals
BackingActual component balances in a Lot vault
BasketContract name for a fixed Lot vault
Basket token / receiptContract terminology for a Lot token
Basis point (bps)One hundredth of one percentage point; 100 bps = 1%
BundleDeposit components to mint Lot tokens
BuybackBuy with dedicated funds: projects target their launch token; protocol ETH targets $LOTS
BurnActual destruction of tokens that reduces current total supply
Canonical identityChain and contract identity established by a registry or factory, not a ticker
ComponentOne eligible asset included in a Lot recipe
ComposePublish a fixed recipe without depositing its components
Concentrated liquidityLiquidity assigned to a finite price range
Creator / project share70% of fees before optional project buybacks; see fees
Creator marketUpcoming experience connecting a creator, strategy and separate community markets
Creator endorsementExplicit association with a market; choosing its Lot does not establish endorsement
Direct-stock quoteOne approved Stock Token used as the quote, without a Lot wrapper
Dynamic LotUpcoming managed portfolio, represented by redeemable shares of current holdings
FDVFully diluted valuation; Lots labels original one-billion-supply FDV separately from current market cap
Fee escrowIndependent fee balances in the original collected assets, without conversion
Final recipientWallet receiving route output, also subject to early buying limits
Fixed LotA Lot with immutable component quantities per token; the model in the current offering
GasNetwork transaction cost, paid in ETH on Robinhood Chain
In-kind redemptionReceiving the Lot's component tokens under its redemption rules rather than selling them for another asset
Launch tokenFixed-supply speculative token trading against a quote it cannot directly redeem
IndexerA service organizing chain data for display; it cannot change onchain rights
L2 blockA block on Robinhood Chain, distinct from an L1-derived block number exposed by Solidity
Liquidity principalAssets belonging to the liquidity position, separately protected from collectible fees
LotReusable onchain composition with its own vault, token and redemption rules
Lot tokenRedeemable unit of one Lot: fixed quantities or upcoming managed-portfolio shares; distinct from $LOTS
LotFlowThe Uniswap v4 hook (contract NavJitHookV17) that connects Lot/USDG swaps to component minting, redemption and liquidity
Shared Lot liquidityLot-specific liquidity with separate base and extra shares per depositor
LotsThe protocol and project name; use $LOTS when referring to its token
$LOTSProtocol token, targeted by protocol buybacks and associated with Lot-token holder rewards
Protocol share30% of each collected asset; Lot tokens fund rewards, separately available ETH funds $LOTS burns
Market familySeparate launch markets using the same Lot as their quote asset; each keeps its own liquidity
MandateA Dynamic Lot's published strategy, permitted assets and management limits
ManagerRole permitted to rebalance within a mandate; separate from a project fee recipient
Network rewardsAll protocol Lot-token fee receipts reserved for $LOTS holders
Reward reserveProtocol Lot-token fee receipts reserved for holders; reservation is not delivery
Market capCurrent outstanding supply multiplied by a stated price; not cash available to sellers
Minimum outputThe least final output a signed route permits if it executes
NAV / reference valueIndicative value of Lot components using stated prices; not an execution guarantee
Opening purchasePaid, unvested creator buy within launch, receiving at most 2% of original issuance
Permanent fee1–4% in 0.25% steps, fixed at launch
Price impactHow the trade's size changes its execution price along available liquidity
Quote assetThe asset a launch token’s official market is paired and priced against
Recipe identityChain, sorted component addresses, quantities and vault semantics/version
Recovery entitlementA component-specific claim after impairment; non-transferable once converted
Required reserveFloor-rounded aggregate healthy redemption liability for a component
Narrative marketSpeculative launch-token market organized around a meme, creator, community or theme
Narrative tokenA launch token expressing a meme, creator, theme or movement
RotateTwo swaps between distinct launches with the same factory and exact registered quote
RebalanceAn authorized change to a Dynamic Lot's portfolio holdings; separate from rotating between community tokens
SocialFiCreator identity, strategy decisions, following and community markets in Lots' upcoming product
Slippage toleranceThe permitted execution change relative to a reviewed quote, enforced with signed bounds
Stock tokenAn issuer-defined token providing economic exposure; not direct company-share ownership
SurplusVault balance above required reserves; separately displayed and not a free withdrawal right
TickA discrete price boundary used to define a liquidity range
TWAPTime-weighted average price; Lots does not use an automatic TWAP fallback
UnbundleRedeem Lot tokens for components
VaultContract holding a Lot’s components and enforcing issuance and redemption
Virtual reserveMathematical pricing offset, not deposited backing or withdrawable quote inventory