Glossary

Bond — A position that earns a daily reward. Opened either automatically by selling, or deliberately by committing tokens.

Principal — The basis a bond's rewards are computed on. It is not a balance you can withdraw; committed tokens are not returned.

Base rate — The 10% per day every bond earns, whatever its origin.

Boost — The +5 points a commit bond carries from birth, making it 15%/day effective. Alive until its wallet moves a token out; forfeited permanently after that.

Origin — Whether a bond was born from a sell or from a commit. Permanent — it survives merges, forfeits and time — and it is what the sell exemption checks.

Strip — The boost forfeit: the moment a wallet sells or transfers even one token out, every commit bond it holds loses the boost, permanently for those bonds. Commit bonds opened later start boosted again.

Effective rate — The number a bond actually earns: the stored rate, plus the boost while it is alive, plus any rate grant. The first two together are capped at 20% per day; a grant is added on top of that ceiling, not inside it, so a bond can read higher while one is on.

Exemption — A sale that fits inside the seller's remaining allowance pays no retention and mints no bond: the 3% tax only. It works on any route, provided the protocol can see that the wallet spending the allowance is the wallet selling — the official app's router reports its caller, and anywhere else the C4 sold must leave that wallet in the same transaction.

Allowance (exemption quota) — The retention-free selling volume a wallet has left: 5x the opening principal of every bond it was the first to hold, sell-side and commit alike, minus everything its exempt sales have already consumed. Lifetime and cumulative. Opening another bond raises it; compounding does not, and neither does a position that reaches the wallet any other way. Once spent, the full retention returns.

Compound — Rolling accrued rewards into the principal. Also adds +0.25 point to the stored daily rate, at most once per six-hour window.

Rate cap — The ceiling of 20% per day on what a position can earn: the compound ladder plus the commit boost, on every path. It does not bound the rate grant, which is added on top of that result.

Rate grant — Extra daily rate the deploying key can add to every bond at once, open positions included, then clear again. It only ever adds — no setting takes a position below the rate it earned — and it is not capped, so a bond can pay more than 20%/day. The yield is therefore a trusted-role setting, not a property of the code alone.

Rate blending — When positions are merged, their rates are averaged in proportion to their amounts — like with like only (same origin, same boost state) — so a small position cannot buy a cheap upgrade.

Reward pool — The tokens held by the distributor and available to pay rewards. Fed by the reserve and by committed tokens. Finite.

Reserve — 30% of the supply set aside for rewards, all of it live in the distributor from launch.

Transfer — Sending a bond to another wallet. The principal, the earned rate and the accrued rewards all travel with the position, and the accrual is settled at the moment of transfer so the amount handed over is a fixed number rather than a moving one. A live commit boost travels too; a forfeited one stays forfeited — no round trip revives it.

Merge — Consolidating several of your positions into one — possible only between bonds of the same origin and the same boost state. The surviving rate is the amount-weighted average and the bonus clock is the later of the two, so merging never grants a better rate or a free rate step.

Creator tax — 3% of every buy and sell, paid in ETH to the creator. Never funds bonds.

Launch tax — A temporarily elevated tax at launch that decays linearly to 3%, on buys and sells. Anti-sniping; it can only ever decrease.

Launch band — The single-sided liquidity position, running from the floor tick to the launch price. Holds only tokens at launch; permanent, with no removal path.

Retention — The share of a sell (net of tax) that becomes the seller's bond: 10% at launch. The deploying key can dial it lower, down to zero, and back up, but never above the engraved 10% cap: whatever the key does, exiting never costs more than launch day advertised. Waived while the sale fits inside the seller's exemption allowance.