| A | Technical shorthand for a launch's speculative meme token |
| B | Technical shorthand for a basket receipt token |
| Approved stock token | A token admitted under Lots' asset rules; approval is not a return or safety guarantee |
| Atomic settlement | Required steps all complete within one transaction or revert together |
| Atomic unit | The smallest integer unit of a token, determined by its decimals |
| Backing | Actual component balances in a basket vault |
| Basket | A fixed recipe of 2–10 unique approved stock-token addresses and quantities |
| Basket token / receipt | The token representing the recipe's normal component redemption rights |
| Basis point (bps) | One hundredth of one percentage point; 100 bps = 1% |
| Bundle / mint | Deposit the complete required recipe and issue its basket receipt |
| Buyback | Spend committed creator quote-fee earnings to buy the same launch's meme within bounds |
| Burn | Actual destruction of tokens that reduces current total supply |
| Canonical identity | Contract and chain identity established by the registry/factory, not a name or ticker |
| Component | One stock token included in a basket recipe |
| Concentrated liquidity | Liquidity assigned to a finite price range |
| Creator share | 70% of official-pool trading fees, before any creator buyback allocation |
| Direct-stock quote | One approved stock token used directly as the meme's paired asset, without a basket wrapper |
| FDV | Fully diluted valuation; Lots labels original one-billion-supply FDV separately from current market cap |
| Fee escrow | Accounting and custody separating independently claimable fees from other balances |
| Final recipient | The authenticated wallet receiving the route output; also relevant to opening buy limits |
| Gas | Network transaction cost, paid in ETH on the intended chain |
| In-kind redemption | Receiving the recipe's component tokens rather than selling them for another asset |
| Indexer | A service organizing chain data for display; it cannot change onchain rights |
| L2 block | A block on Robinhood Chain, distinct from an L1-derived block number exposed by Solidity |
| Liquidity principal | Assets belonging to the liquidity position, separately protected from collectible fees |
| Market cap | Current outstanding supply multiplied by a stated price; not cash available to sellers |
| Minimum output | The least final output a signed route permits if it executes |
| NAV / reference value | Indicative value of basket components using stated prices; not an execution guarantee |
| Opening purchase | Optional one-use creator purchase inside launch, capped at 5% and free of meme-swap fee |
| Permanent fee | Creator-selected 1–4% meme-swap rate fixed at launch |
| Price impact | How the trade's size changes its execution price along available liquidity |
| Quote asset | The asset a meme's official market is paired and priced against |
| Recipe identity | Chain, sorted addresses, quantities and vault semantics/version used for basket canonicalization |
| Recovery entitlement | A component-specific claim after impairment; non-transferable once converted |
| Required reserve | Floor-rounded aggregate healthy redemption liability for a component |
| Rotate | Two swaps between distinct registered memes sharing the exact same eligible quote |
| Slippage tolerance | The permitted execution change relative to a reviewed quote, enforced with signed bounds |
| Stock token | An issuer-defined token providing economic exposure; not direct company-share ownership |
| Surplus | Vault balance above required reserves; separately displayed and not a free withdrawal right |
| Tick | A discrete price boundary used to define a liquidity range |
| TWAP | Time-weighted average price; a potential validated reference, not automatically safe |
| Unbundle / redeem | Burn basket receipts and receive the complete proportional recipe when healthy |
| Vault | The basket-specific contract holding components and enforcing receipt issuance/redemption |
| Virtual reserve | Mathematical pricing offset, not deposited backing or withdrawable quote inventory |