Glossary

Compounder

A vault re-investing generated rewards into itself.

Concentrator

A vault re-directing generated rewards into another vault.

JIT

Acronym meaning Just In Time referring to execution within very short time frames.

MEV

Acronym meaning Maximum Extractable Value referring to any value extractable in any system.

Target Asset

The tokens that concentrator rewards are swapped into.

Vault

A smart contract managing token deposits according to its specific investment strategy.

Vault Asset

The primary asset which vault shares are denominated in.

Vault Shares

The receipt tokens that users receive upon depositing vault assets.