Glossary

Key terms and definitions for 4626.

A

Account Abstraction (AA): ERC-4337 standard enabling smart contract wallets with features like gas sponsorship and batched transactions.

B

Basis Points (BPS): Unit of measurement where 10,000 BPS = 100%. Used for fee calculations.

C

CCA (Continuous Clearing Auction): Uniswap V4 auction mechanism for fair price discovery.

Creator Coin: Underlying token created by a creator (e.g., via Zora).

E

ERC-4626: Token vault standard defining deposit, withdraw, and share mechanics.

ERC-4337: Account abstraction standard for smart contract wallets.

G

Gauge Controller: Contract that receives trading fees and splits them according to configuration.

L

LayerZero: Cross-chain messaging protocol enabling omnichain tokens.

Lottery: Instant win system powered by Chainlink VRF.

O

OFT (Omnichain Fungible Token): LayerZero standard for cross-chain tokens.

P

PPS (Price Per Share): Value of one vault share in terms of underlying tokens.

Paymaster: ERC-4337 contract that sponsors gas fees for users.

S

ShareOFT: The OFT-wrapped vault shares (■TOKEN).

Smart Wallet: ERC-4337 compatible wallet (e.g., Coinbase Smart Wallet).

T

TWAP (Time-Weighted Average Price): Price oracle mechanism resistant to manipulation.

V

Vault: ERC-4626 contract holding creator coins and minting shares.

Vault Shares: ERC-20 tokens representing ownership of vault (▢TOKEN).

ve4626: Vote-escrow token for governance participation.

VRF (Verifiable Random Function): Chainlink service providing provably fair randomness.

W

Wrapper: Contract that converts vault shares (▢TOKEN) to OFT tokens (■TOKEN).