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 stored rate plus the boost while it is alive, capped at 20% per day. The number a bond actually earns.

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 CVN sold must leave that wallet in the same transaction.

Allowance (exemption quota) — The retention-free selling volume a wallet has left: 5x its current commit principal, minus everything its exempt sales have already consumed. Lifetime and cumulative. Committing more or compounding a commit bond raises it; once spent, the full retention returns. It belongs to the position, not to the address: moving a commit bond carries its spent share along, so a fresh wallet never starts the 5x over.

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 hard ceiling of 20% per day on the effective rate. No path in the code exceeds it.

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 — 20% of the supply set aside for rewards: 15% in a cold vault, 5% live.

Tranche — A fixed 5%-of-supply release from the cold vault to the distributor.

Freeze — Making the vault's destination permanent. Nothing can leave the vault before this happens.

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 20% of a sell (net of tax) that becomes the seller's bond. Waived while the sale fits inside the seller's exemption allowance.