📚 Glossary

​

Airdrop

A method of distributing tokens, usually free of charge, to a large number of wallet addresses.

​

APR

Annual Percentage Rate; the annual rate of return on an investment.

​

Arbitrage

The practice of buying and selling assets to profit from price differences.

​

Audit

Security review of smart contracts to ensure they operate as intended.

​

Bridge

A mechanism that allows for the transfer of tokens or data between different blockchains.

​

CEX

Centralized Exchange; a platform where a central entity facilitates cryptocurrency trades.

​

CeFi

Centralized Finance; traditional financial systems.

​

Concentrated Liquidity

Allows liquidity providers to set price ranges for their assets, optimizing capital efficiency.

​

DAO

Decentralized Autonomous Organization; a governance model that allows token holders to vote on proposals.

​

DEX

Decentralized Exchange; SaucerSwap and Uniswap are examples.

​

DeFi

Decentralized Finance; a financial system built on blockchain technology, removing the need for traditional financial intermediaries.

​

Emission

The rate at which new tokens are created and distributed in a cryptocurrency.

​

EVM

Ethereum Virtual Machine; a runtime environment for executing smart contracts. Hedera is compatible with the EVM, allowing for migration of Ethereum-based contracts.

​

Fees APR

The annual rate of return earned from trading fees.

​

Fork

A codebase derivative; SaucerSwap V1 is a modified fork of Uniswap V2.

​

Gas

A cost incurred for processing a transaction on a blockchain network. On Hedera, these fees are low and denominated in U.S. dollars.

​

HBAR

Hedera’s native cryptocurrency used for transaction fees and staking.

​

HBARX

An HBAR liquid staking token deployed by Stader Labs.

​

Hedera

An enterprise-grade public ledger network that aims to be fast and secure, underpinning the SaucerSwap protocol.

​

HTS

Hedera Token Service; enables the creation and management of tokens on the Hedera network.

​

Impermanent Loss

Temporary loss of funds when providing liquidity due to price fluctuations.

​

Larry

The official alien mascot of SaucerSwap.

​

Liquidity

The amount of assets held in a liquidity pool to facilitate trading.

​

Liquidity Mining / Yield Farming

Earning additional tokens (SAUCE and HBAR) by staking liquidity tokens in the Masterchef smart contract.

​

Liquidity Pool

A smart contract that holds funds to enable trading on an AMM.

​

Mainnet

The primary public blockchain where a cryptocurrency operates.

​

Mirror Node

Nodes on the Hedera network that store historical data.

​

Price Impact

The difference in market price caused by a trade.

​

Reward APR

The annual rate of return earned from yield farming or LARI.

​

SAUCE

The native token of SaucerSwap, used for governance, liquidity, and staking.

​

SaucerSwap DAO

The decentralized autonomous organization governing SaucerSwap, where SAUCE tokens represent voting power.

​

SaucerSwap Interface

A user interface for interacting with the SaucerSwap protocol.

​

SaucerSwap Labs

The core development team behind the SaucerSwap protocol and interface.

​

SaucerSwap Protocol

A suite of Hedera-native smart contracts that implement an AMM, along with features like yield farming and single-sided staking.

​

Single-Sided Staking

A staking mechanism that allows users to stake a single type of asset, rather than a pair, to earn rewards. This feature is available in SaucerSwap and offers a more straightforward way to participate in staking.

​

Slippage

The difference between the expected price of a trade and the executed price.

​

Slippage Tolerance

The maximum allowable price movement for a trade to go through.

​

Smart Contract

Self-executing contracts with the terms directly written into code.

​

Stablecoin

A cryptocurrency designed to maintain a stable value, often pegged to a fiat currency.

​

Staking

Participation in a blockchain or protocol to validate transactions or secure liquidity, in exchange for rewards.

​

Testnet

A test blockchain used to test applications.

​

Token

A digital asset that represents ownership or value within a blockchain ecosystem.

​

Tokenomics

The economic model surrounding a token, detailing its distribution, utility, and how it interacts within the ecosystem.

​

TVL

Total Value Locked; the total amount of assets staked or locked in a DeFi protocol.

​

Volatility

The statistical measure of the dispersion of asset prices.

​

Wallet

A digital tool that allows users to interact with a blockchain.