| Term | Meaning |
|---|---|
| Buyback-and-burn reserve (BBB) | Configured fee destination. Funding the reserve does not prove a buyback or burn |
| Compounding | Reinvesting collected fees into the same liquidity position |
| Fee rights | Transferable right to a configured share of eligible market fees |
| Gross trade fee | Full venue fee before external deductions and protocol allocation |
| Price impact | Execution-price movement caused by order size |
| Slippage | Difference allowed between quoted and minimum execution output |
| TWAP | Time-weighted average price used for triggers and valuation |