Introduction
Core concepts glossary
Shared vocabulary used across the product, protocol, app, and data model.
Terms
| Term | Meaning |
|---|---|
EVE | The protocol ERC-20 token, named “Everything Strategy” on-chain. |
AMM | The immutable contract that accepts ETH deposits and handles redemption attempts. |
NAV | Net asset value of the protocol, calculated in ETH first and converted to USD only when needed. |
Connector weight | AMM parameter used in premium-price calculations. |
Immediate redemption | Burn settles directly in the AMM because sufficient ETH is available. |
Queued redemption | Burn request is pushed into ExitQueue for later pricing and processing. |
Batch pricing | Keeper action that records the final EVE price for the current exit batch. |
priceTolerance | User slippage bound used to decide whether a queued request can settle. |
Escape hatch | Request closure path after MAX_BATCH_PROCESSING_TIME has passed. |
KEEPER_ROLE | Operational role on Controller used for strategy and queue workflows. |
Related References
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