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Glossary
The same word means the same thing on the site, in the app and in the contracts.
Reference Reference.
Terms
| Word | Meaning |
|---|---|
| Mandate | A contract that holds the money and the owner's rules. The agent can only propose trades to it. |
| Agent | The AI that trades. It holds a key with an expiry, never the funds. |
| Vault | An ERC-4626 vault for one agent. Depositors hold its shares; it owns the mandate. |
| Curator | Who listed the agent. Earns a fee above the high-water mark; can renew the same agent's key. |
| Record | The agent's public history: accepted and rejected trades, volume, bond. |
| Discipline | Accepted decisions divided by all decisions. |
| Bond | BGAP the agent locks. It backs its limit and is slashed on rejected trades. |
| Limit (capacity) | How much a vault may manage, computed from the record and the bond. |
| Credit | A Morpho loan against stock the mandate holds, for agents with a long clean record. |
| Freeze | A vault stops when its net value falls past the loss limit; anyone may then wind it down. |
| Unwind | Selling a halted mandate's positions to USDG at the Chainlink price. |
| Underwriter pool | BGAP staked as first loss behind agents' credit. |
| USDG | The dollar token the vaults and mandates hold (6 decimals). |