Guide 13 · 2 min read · Updated epoch 137
Glossary
Epoch, root, weight, sweep, full range and other terms.
Terms A to Z
| Term | Meaning |
|---|---|
| Basket | Up to 4 stocks with weights adding to 100%, saved on chain, that decide which stocks your share is paid in. |
| Claim | One transaction that verifies your proof against the root and transfers the stock to your wallet. |
| Closed | An epoch every allocation of which has been claimed, pushed or swept. |
| Epoch | One published payout: a snapshot block, a Merkle root on chain, the stock that funds it and a public proof file. One every 30 minutes when there is revenue. |
| Fee APR | Trailing trading fees over pool value, annualised. The one rate on this site; it excludes impermanent loss. |
| Full range | A liquidity position active at every price, the shape of every protocol position. |
| Holding weight | Your average eligible balance over the last 48 snapshots, as a share of every holder's. The size of your share of an epoch. |
| Impermanent loss | The gap between what a liquidity position holds and what its two sides would have been worth held separately, after a price move. |
| Launch pool | The hooked Uniswap v4 pool on degen.zone the whole supply was minted into. Its fee is the protocol's only revenue. |
| Leaf | One allocation: an epoch, a wallet, a stock and an amount, hashed into the tree. |
| Merkle root | The one hash on chain that commits every leaf of an epoch. A claim is valid only if its proof folds to it. |
| Proof | The sibling hashes that fold a leaf up to the root. Published in the epoch file, verifiable in your browser. |
| Pushed | An allocation the keeper delivered to a wallet itself, paying the gas, because it was among the largest. |
| Rotation | The fixed schedule that picks which one of your basket stocks a round pays you in, settling to your weights. |
| Snapshot | The block at which every holder balance was recorded for an epoch. One sample of your holding weight. |
| Swept | An epoch whose unclaimed allocations went back to the treasury after seven days, to fund later epochs. |
| Two-way depth | A pool holding enough of both sides that a trade of the intended size moves the price only a little, in either direction. |