Glossary
Economic Zone
A blockchain's native ecosystem where liquidity is created and managed using its native tokens. MoreMarkets addresses the limitations of isolated economic zones by enabling cross-chain liquidity sharing.
Asset Utilisation Rate (AUR)
A metric that measures how effectively assets are being used within a blockchain ecosystem. MoreMarkets increases AUR by allowing native assets to participate in foreign ecosystems while maintaining their Total Value Locked (TVL).
Total Value Locked (TVL)
The total value of assets locked in a blockchain's DeFi protocols. MoreMarkets ensures that TVL remains intact while increasing the utility of assets through cross-chain participation.
Receipt Tokens
Fungible tokens issued to users when they deposit assets into the BoringVault. These shares represent ownership of the underlying assets and can be transferred or used in DeFi applications.
Modular Cross-Chain Messaging System
A system that facilitates communication between different blockchains. MoreMarkets leverages protocols like Wormhole and NFFL to enable hybrid trust-minimized messaging, ensuring secure and efficient cross-chain interactions.
Strategist
A role in the MoreMarkets ecosystem responsible for analyzing market opportunities and rebalancing assets within the Boring Vault. Strategists allocate liquidity to maximize yield across DeFi protocols, DEXs, and restaking platforms.
Manager Contract
A smart contract that gates and authenticates strategist calls to rebalance the Boring Vault. It uses a Merkle verification system to ensure that only permitted strategies and protocols are accessed.
Positional Tokens
Tokens that automatically accrue value over time as the underlying assets generate yield. Positional Tokens in MoreMarkets are yield-bearing, meaning their redemption price reflects the accumulated rewards.
In-Protocol Withdrawal
A withdrawal method where the protocol uses unallocated capital in its vaults to fulfill withdrawal requests. If sufficient capital is available, the protocol triggers an internal withdrawal flow.
Solver-Based Withdrawal
A withdrawal method where external solvers fulfill withdrawal requests if the protocol lacks sufficient unallocated capital. Solvers compete to provide the required assets, and if no solver steps in before the expiry time, the request is canceled.
Global Queue
A publicly visible queue that tracks withdrawal requests in MoreMarkets. It ensures transparency and allows solvers to identify and fulfill withdrawal opportunities.
Restaking
A DeFi strategy where assets are staked in multiple protocols to maximize yield. MoreMarkets enables cross-chain restaking by allowing assets like DOGE to be deployed into Ethereum-based restaking protocols.
Arbitrage
Profit opportunities arising from price discrepancies across different chains. MoreMarkets enables market makers to leverage its liquidity pool to identify and exploit these opportunities.
Merkle Verification System
A cryptographic method used by the Manager Contract to authenticate strategist calls. It ensures that only approved strategies and protocols are accessed during vault rebalancing.
Cross-Chain Integration
The process of bringing principal tokens from one chain into another chain's ecosystem. This integration enables new utility for the tokens, such as trading, staking, or collateralization in DeFi applications.
Yield Generation
The process of earning rewards by deploying liquidity into various DeFi strategies. MoreMarkets automatically rebalances and funnels yield back into the vault, increasing the overall value of user positions.
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