Glossary
Terms follow the official Concrete glossary plus a few extras used across this repo (marked ⭐).
| Term | Meaning |
|---|---|
| AMM | Automated market maker - swaps priced from on-chain pools. |
| APR / APY | Annual rate simple / compounded. |
| AssetCX | 1:1 on-chain representation of qualified-custody assets that can be deposited into Concrete vaults. |
| AUM | Assets under management (management-fee base). |
| Allocator ⭐ | Automated role calling vault.allocate(...) to move funds between strategies. |
| Async vault / Queued Withdrawal vault | Vault with epoch-based withdrawal queue. |
| Atomic vault | Vault that deposits/withdraws in one transaction. |
| Bags ⭐ | Points-precursor from Phase 1 social quests. |
| BGT / BERA | Berachain governance / native tokens. |
| Bridged vault ⭐ | Vault variant with one-shot unbackedMint for migrations. |
| concUSD ⭐ | Concrete's reward-bearing liquidity token, issued via PYUSDx; a common liquidity layer across vaults for deposits, withdrawals and lending. See concUSD. |
| Cooldown ⭐ | Per-deposit period before shares can be withdrawn/transferred. |
| `ctAsset` | Concrete vault share token (ERC-20), e.g. ctWBTC. |
| Curator ⭐ | Operator of a vault's strategy and terms. |
| Deallocation order ⭐ | Sequence in which strategies are drained for withdrawals. |
| DeFi | Decentralised finance. |
| Donation / inflation attack ⭐ | ERC-4626 attack using direct donations to distort share price. |
| Epoch ⭐ | Withdrawal batching window in queued vaults. |
| EOA | Externally owned account (key-controlled wallet). |
| ERC-20 / ERC-4626 | Fungible-token standard / tokenized-vault standard. |
| Factory ⭐ | Contract that deploys vaults and manages upgrade paths. |
| FIFO | First in, first out. |
| Hook ⭐ | Optional pre/post module on vault operations. |
| Hurdle rate ⭐ | Return depositors get before performance fees apply. |
| IL | Impermanent loss. |
| Looping ⭐ | Leveraged borrow-and-resupply strategy, often via flash loans. |
| LP | Liquidity provider / LP position. |
| LTV | Loan-to-value ratio. |
| MPC | Multi-party computation (split-key signing). |
| Multisig ⭐ | Wallet needing several approvals. |
| NAV | Net asset value. |
| OFAC | US sanctions office. |
| OFT ⭐ | Omnichain fungible token (LayerZero standard). |
| Permissioned vault ⭐ | Deposits restricted to approved participants. |
| Pre-deposit vault ⭐ | Time-limited cross-chain seeding vault. |
| Priority withdrawal ⭐ | Trusted fast-path withdrawal at gross − unwindCost. |
| QC | Qualified custody. |
| RPC | Endpoint for reading/writing to a blockchain node. |
| RWA | Real-world asset on-chain. |
| SDK | Software development kit (@concrete-xyz/sdk). |
| Share price ⭐ | totalAssets / totalSupply. |
| Slippage ⭐ | Executed vs expected swap price gap. |
| Strategy ⭐ | Adapter that deploys a vault's assets into a venue. |
| Subgraph ⭐ | The Graph index of Concrete vault data. |
| TVL | Total value locked. |
| UUPS | Universal Upgradeable Proxy Standard (EIP-1822). |
| Unwind cost ⭐ | Cost deducted from a priority withdrawal. |
| USD1 / USDC / USDT / frxUSD | Stablecoins (WLFI / Circle / Tether / Frax). |
| WBTC / LBTC / WETH | Wrapped BTC / Lombard BTC / wrapped ETH. |
| Withdrawal cap ⭐ | Per-epoch redemption limit as % of TVL. |