Glossary
Glossary
Every 4626 term in one place, with the onchain or internal name next to the name used in the docs and app.
Terms are grouped by topic. Where the code uses a different name, it is shown in the second column.
Tokens
| Term | Onchain name | Meaning |
|---|---|---|
| Creator coin | deposit asset, $TICKER | The creator's ERC-20 on Base (for example, a Zora creator coin). What goes into the vault. |
| Vault claim | ERC-4626 share, | A pro-rata claim on the vault, minted by CreatorOVault. Internal accounting, not traded on DEXs. |
| ShareOFT | CreatorShareOFT, | The tradable share: 1000 vault claims wrapped into one LayerZero OFT by the wrapper. What people buy and sell. |
| 4626 | protocol ShareOFT | The protocol's own ShareOFT. Locking it creates ve4626. |
| ve4626 | ve4626 | Decaying, non-transferable power from locking 4626. Lock and vote. |
| ve33 | claimVe33 | Using ve4626 to vote for vaults and earn their fees and bribes. |
| veLottery | claimVeLottery | Using ve4626 to raise your own lottery odds. |
Token units
The wrap is always 1000 vault claims per 1 ShareOFT. At launch, 1 creator coin gives about 1 ShareOFT, because the vault mints about 1000 claims per coin (_decimalsOffset() = 3). After the vault's price per share moves, both rates follow it.
| Step | Rate |
|---|---|
| Creator coin → vault claim | about 1 : 1000 at launch, then follows price per share |
| Vault claim → ShareOFT | always 1000 : 1 (wrap divides by 1000, unwrap multiplies by 1000) |
| Creator coin → ShareOFT | about 1 : 1 at launch, then follows price per share |
Never treat vault claims and ShareOFT as 1:1. More in Coins and shares.
Launch
| Term | Onchain name | Meaning |
|---|---|---|
| Launch bundle | vault_full_deploy | The $499 USDC fee that unlocks deploy. Includes strategy 1, the Solana bridge, and a Meteora pool. It is not the creator coin deposit. |
| First deposit | MIN_FIRST_DEPOSIT | Exactly 100,000,000 creator coins. A vault cannot activate or finalize with any other first deposit. |
| New vault launch | greenfield | A new vault on the current release, as opposed to an older (legacy) vault. |
| Legacy vault | — | A vault deployed on an older batcher or release. Its addresses and flows may differ. |
| Fair-launch auction | CCA | Uniswap continuous clearing auction that sells ShareOFT for ETH and sets the opening price. Scheduled in Phase 4 (launchDeferredAuction). |
| Auction schedule | Thursday 00:00 UTC epoch | Bids open on the next weekly epoch after the auction is scheduled. |
| Solana bridge at activation | Pipe A, solana_ovault_mesh | The automatic LayerZero bridge of 25% of ShareOFT during Phase 2 finalize. |
| Base | hub chain | The home chain for deploy, auction, trading, and the lottery. |
Launch milestones
| Milestone | Meaning |
|---|---|
| Deployed | Contracts onchain; vault not funded |
| Activated | Creator coin deposited and wrapped; auction not scheduled |
| Auction scheduled | launchDeferredAuction has run; bids open on the next Thursday epoch |
| Trading live | Auction settled; ShareOFT tradable on Base |
Full detail: Vault lifecycle.
Share allocation at finalize
25% creator vesting (365-day linear, LinearVesting4626) · 25% Solana · 12.5% Base auction · 12.5% Base liquidity · 25% other-chain inventory. Details.
Earn strategy
| Term | Meaning |
|---|---|
| Earn mix | Where the vault puts its creator coins after launch: 80% in the v4 pool, 10% lent on Morpho, 10% idle. |
| Leg | A place the vault's deposits are invested, such as strategy 1. A vault can hold up to five. |
| Arm | A launch mechanism that uses shares, such as the auction or the liquidity seed. Arms are not legs. |
| Idle | The part of the vault kept as cash, not invested. |
| Impairment epoch | A side-pocket created when a strategy is impaired. Impairment disclosures. |
Fees and lottery
| Term | Onchain name | Meaning |
|---|---|---|
| Buy fee | buyFee (690 bps) | The 6.9% fee on qualifying DEX buys of ShareOFT. |
| Fee split | gauge split | 69% lottery pot · 21.39% voters · 9.61% burn. |
| Lottery pot | jackpotReserve | The prize pool, held by the vault's gauge. A win pays 69% of it. |
| Trade fee collector | tradeFeeCollector | Where trade fees are sent; usually the gauge. |
| Creator treasury | creatorTreasury | Optional creator slice of the gauge split (creatorShareBps, default 0). |
| Creator coin payouts | creatorCoinPayoutRecipient | Where the creator coin's external earnings go (Zora payoutRecipient). In router mode this raises the vault's value for holders. |
| Voter branch | protocolShareBps | The 21.39% slice paid to voters. |
| Jackpot custodian | gauge | Holds the pot. It does not pick winners. |
| Payout authority | LotteryManager4626 | Picks winners and pays them from the pot. |
Use the qualified names above. A bare payoutRecipient is ambiguous.
Cross-chain and randomness
| Term | Meaning |
|---|---|
| LayerZero (LZ) | The messaging layer used to bridge ShareOFT. |
| OFT | Omnichain fungible token, the LayerZero standard ShareOFT follows. |
| VRF | Chainlink verifiable randomness, used for lottery draws. |
| AMOE | Alternative method of entry: a no-purchase-necessary lottery entry, attested offchain. |