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Glossary

Key terms and definitions used throughout 4626 documentation.

Tokens​

TOKEN​

The underlying creator coin. Issued by Zora's Creator Coin platform. This is what users deposit into vaults.

▢TOKEN (Vault Shares)​

ERC-4626 vault share token issued when depositing TOKEN. Represents proportional ownership of vault assets. The ▢ symbol is pronounced "box" or "vault share."

■TOKEN (Wrapped Shares / ShareOFT)​

LayerZero OFT wrapper around vault shares. Enables cross-chain transfers and DEX trading. The ■ symbol is pronounced "filled box" or "share token."

ve4626​

Vote-escrowed 4626 token. Created by locking ■4626 or ▢4626. Provides voting power in governance.

Contracts​

CreatorOVault​

The main ERC-4626 tokenized vault. Accepts TOKEN deposits, issues ▢TOKEN shares, deploys to strategies.

CreatorOVaultWrapper​

Converts between ▢TOKEN and ■TOKEN. Normalizes the 1000x decimals offset.

CreatorShareOFT​

LayerZero OFT implementation for ■TOKEN. Implements buy fee and lottery integration.

CreatorGaugeController​

Fee distribution hub. Receives trading fees and splits to lottery, burn, and voters.

VaultGaugeVoting​

Weekly epoch voting contract. ve4626 holders vote to direct lottery probability.

Mechanisms​

CCA (Continuous Clearing Auction)​

Uniswap's fair launch mechanism. All bidders pay the same clearing price. No sniping or MEV advantages.

Clearing Price​

The price at which supply meets demand in a CCA. All filled bids pay this price regardless of their max bid.

Graduation​

When a CCA auction ends and converts to a V4 liquidity pool.

Price Per Share (PPS)​

The value of one vault share in terms of underlying assets. Calculated as totalAssets / totalSupply.

Profit Unlocking​

Gradual release of vault profits over time. Prevents manipulation of price per share.

Governance​

Epoch​

A 7-day voting period in the governance system. Starts Thursday 00:00 UTC.

ve(3,3)​

Vote-escrow tokenomics model. Users lock tokens for voting power that decays over time. Combines with game theory for positive-sum outcomes.

Gauge​

A voting target that receives vote weight. In 4626, vaults are gauges.

Bribe​

External incentive deposited to attract votes for a specific vault.

Probability Direction​

Using votes to allocate lottery win probability to specific vaults.

DeFi Terms​

ERC-4626​

Ethereum standard for tokenized vaults. Defines deposit, withdraw, mint, redeem, and accounting functions.

OFT (Omnichain Fungible Token)​

LayerZero standard for cross-chain fungible tokens. Enables seamless transfers between chains.

TVL (Total Value Locked)​

Total assets deposited in a protocol or vault.

APY (Annual Percentage Yield)​

Annualized return rate including compounding.

Slippage​

Difference between expected and executed trade price.

Security Terms​

Decimals Offset​

Virtual shares added to vault accounting. Prevents first-depositor inflation attacks.

Flash Loan Protection​

Minimum delay between deposit and withdrawal. Prevents same-block manipulation.

Large Withdrawal Queue​

Queuing system for withdrawals above threshold. Prevents MEV extraction on big exits.

Inflation Attack​

Exploit where attacker manipulates share prices by depositing dust and inflating assets.

Basis Points​

A common unit in DeFi. 1 basis point = 0.01%.

ValuePercentage
1 bps0.01%
100 bps1%
690 bps6.9%
1000 bps10%
10000 bps100%

Chain IDs​

NetworkChain IDLZ EID
Base845330184
Base Sepolia8453240245
Ethereum130101
Arbitrum4216130110
Optimism1030111