> ## Documentation Index
> Fetch the complete documentation index at: https://docs.fullsail.finance/llms.txt
> Use this file to discover all available pages before exploring further.

# Glossary

<AccordionGroup>
  <Accordion title="AMM (Automated Market Maker)" icon="robot">
    A smart contract-based system that allows users to trade tokens without a traditional order book, using liquidity pools to determine pricing.
  </Accordion>

  <Accordion title="Bridge" icon="bridge">
    A protocol that allows users to transfer assets between different blockchains.
  </Accordion>

  <Accordion title="Concentrated Liquidity" icon="bullseye">
    A feature that allows LPs to allocate capital within a specific price range instead of across the entire curve, increasing capital efficiency.
  </Accordion>

  <Accordion title="Dashboard" icon="chart-line">
    The Full Sail interface section where users can view, manage, and withdraw their active liquidity positions.
  </Accordion>

  <Accordion title="Dynamic Fees" icon="percent">
    Swap fees that adjust in response to changing market conditions such as volume and volatility.
  </Accordion>

  <Accordion title="Epoch" icon="clock">
    A 7-day cycle during which veSAIL holders submit volume predictions to direct  emissions. At the start of each new epoch, all previous votes are cleared.
  </Accordion>

  <Accordion title="Execution Price" icon="tag">
    The final price at which a swap is completed.
  </Accordion>

  <Accordion title="Inactive Liquidity" icon="pause">
    Liquidity that sits outside the current market price range and does not participate in swaps or earn fees.
  </Accordion>

  <Accordion title="Impermanent Loss" icon="triangle-exclamation">
    A potential loss experienced by LPs when the relative price of tokens in a pool changes after deposit and before withdrawal.
  </Accordion>

  <Accordion title="Liquidity Pool" icon="water">
    A smart contract holding token pairs used to facilitate trades and price discovery on an AMM.
  </Accordion>

  <Accordion title="Liquidity Provider (LP)" icon="user-plus">
    A user who deposits a pair of tokens into a liquidity pool in order to facilitate swaps and earn a share of trading fees.
  </Accordion>

  <Accordion title="Multi-hop Swap" icon="route">
    A swap that routes through one or more intermediate tokens to complete a trade between two assets.
  </Accordion>

  <Accordion title="Prediction Accuracy" icon="bullseye">
    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.
  </Accordion>

  <Accordion title="Price Range" icon="arrows-up-down">
    The interval within which an LP chooses to make their liquidity active.
  </Accordion>

  <Accordion title="Range Presets" icon="sliders">
    Default price range configurations offered in the UI, such as Full Range, Wide, Narrow, or Custom.
  </Accordion>

  <Accordion title="Routing" icon="map">
    The algorithmic selection of the most cost-efficient path for executing a swap across available liquidity pools.
  </Accordion>

  <Accordion title="Slippage" icon="chart-line">
    The difference between the expected and executed price of a trade, typically caused by price impact and volatility.
  </Accordion>

  <Accordion title="Slippage Tolerance" icon="gauge">
    The maximum price deviation a user is willing to accept when executing a swap.
  </Accordion>

  <Accordion title="Sui Blockchain" icon="cube">
    A Layer 1 blockchain optimized for low latency and scalability, using the Move programming language.
  </Accordion>

  <Accordion title="Sui Move" icon="code">
    A smart contract language used on the Sui blockchain that enforces memory safety and formal verification.
  </Accordion>

  <Accordion title="Swap" icon="arrows-rotate">
    A transaction where one token is exchanged for another through a liquidity pool.
  </Accordion>

  <Accordion title="Token Pair" icon="coins">
    Two tokens deposited together into a liquidity pool, enabling trades between them.
  </Accordion>

  <Accordion title="Vote Weight" icon="scale-balanced">
    The portion of a veSAIL holder's total voting power assigned to a specific pool. Vote weights influence how  emissions are distributed across pools each epoch.
  </Accordion>

  <Accordion title="Volume Prediction" icon="chart-bar">
    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.
  </Accordion>
</AccordionGroup>

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