Introduction
Glossary
AMM (Automated Market Maker)
AMM (Automated Market Maker)
A smart contract-based system that allows users to trade tokens without a traditional order book, using liquidity pools to determine pricing.
Bridge
Bridge
A protocol that allows users to transfer assets between different blockchains.
Concentrated Liquidity
Concentrated Liquidity
A feature that allows LPs to allocate capital within a specific price range instead of across the entire curve, increasing capital efficiency.
Dashboard
Dashboard
The Full Sail interface section where users can view, manage, and withdraw their active liquidity positions.
Dynamic Fees
Dynamic Fees
Swap fees that adjust in response to changing market conditions such as volume and volatility.
Epoch
Epoch
A 7-day cycle during which veSAIL holders submit volume predictions to direct oSAIL emissions. At the start of each new epoch, all previous votes are cleared.
Execution Price
Execution Price
The final price at which a swap is completed.
Inactive Liquidity
Inactive Liquidity
Liquidity that sits outside the current market price range and does not participate in swaps or earn fees.
Impermanent Loss
Impermanent Loss
A potential loss experienced by LPs when the relative price of tokens in a pool changes after deposit and before withdrawal.
Liquidity Pool
Liquidity Pool
A smart contract holding token pairs used to facilitate trades and price discovery on an AMM.
Liquidity Provider (LP)
Liquidity Provider (LP)
A user who deposits a pair of tokens into a liquidity pool in order to facilitate swaps and earn a share of trading fees.
Multi-hop Swap
Multi-hop Swap
A swap that routes through one or more intermediate tokens to complete a trade between two assets.
Prediction Accuracy
Prediction Accuracy
A measure of how closely a veSAIL holder’s volume prediction matches the actual volume traded in a pool. More accurate predictions result in a higher share of fees.
Price Range
Price Range
The interval within which an LP chooses to make their liquidity active.
Range Presets
Range Presets
Default price range configurations offered in the UI, such as Full Range, Wide, Narrow, or Custom.
Routing
Routing
The algorithmic selection of the most cost-efficient path for executing a swap across available liquidity pools.
Slippage
Slippage
The difference between the expected and executed price of a trade, typically caused by price impact and volatility.
Slippage Tolerance
Slippage Tolerance
The maximum price deviation a user is willing to accept when executing a swap.
Sui Blockchain
Sui Blockchain
A Layer 1 blockchain optimized for low latency and scalability, using the Move programming language.
Sui Move
Sui Move
A smart contract language used on the Sui blockchain that enforces memory safety and formal verification.
Swap
Swap
A transaction where one token is exchanged for another through a liquidity pool.
Token Pair
Token Pair
Two tokens deposited together into a liquidity pool, enabling trades between them.
Vote Weight
Vote Weight
The portion of a veSAIL holder’s total voting power assigned to a specific pool. Vote weights influence how oSAIL emissions are distributed across pools each epoch.
Volume Prediction
Volume Prediction
A user-submitted estimate of the trading volume for a specific liquidity pool during an epoch. It determines both the emission allocation and the user’s share of trading fees.