Reference
Glossary
Fourteen terms this manual uses precisely.
- Quote asset
- The asset a market is priced in, and the asset its fees accrue in. ETH or an approved Robinhood Stock Token.
- Launch token
- The fixed-supply ERC-20 created by a launch. 1,000,000,000 units, 18 decimals, no owner.
- FDV
- Fully diluted valuation: token price × total supply. With a fixed supply and no vesting, it is simply the market's implied total value.
- Opening FDV
- The valuation a creator asks the market to open at. Determines the token's opening USD price.
- Opening tick
- The valid Uniswap tick the market actually opens at — the nearest one at or below the requested price.
- First tick
- The same thing, said as a brand term. The moment a market acquires a price.
- sqrtPriceX96
- Uniswap's price representation: the square root of the price ratio, in Q64.96 fixed point.
- Hook
- A Uniswap v4 contract called at defined points in a pool's lifecycle. TAPEZERO's hook enforces one market's frozen rules.
- Market rule
- Optional behaviour enforced inside the swap: anti-snipe, launch tax, auto burn, the 500th-buy pot.
- Single-sided liquidity
- A launch position consisting entirely of launch tokens. Quote inventory arrives from buyers.
- Quote health
- Whether a new market may open against an asset right now: healthy, stale, paused, corporate action, unsupported, verifying.
- Market Manifest
- The permanent record of a market's launch-time configuration, including the block it was frozen at.
- Config hash
- keccak256 of the canonical encoding of everything frozen at launch. Recomputable by anyone.
- Fee Right
- An ERC-721 representing the entitlement to a market's future creator fees. Economic only; no control. Disabled in V1.
- 500th buy
- The pot module: every Nth qualifying buy takes an accumulated pot in the quote asset. Deterministic, public, raceable. Disabled by default.
- The Tape
- The list of every market that has launched, with its rules and quote health.
TAPEZERO is an independent protocol and is not affiliated with Robinhood, Uniswap or Chainlink. The contracts are unaudited. Nothing here is investment advice.