> ## Documentation Index
> Fetch the complete documentation index at: https://docs.kek.pro/llms.txt
> Use this file to discover all available pages before exploring further.

> ## Agent Instructions
> Treat Solana and Robinhood Chain as separate protocol paths.
> Write for people using the KEK.PRO app.
> Treat displayed fees, limits, and availability as environment-specific unless labeled as protocol constants.

# Glossary

> KEK.PRO market and lifecycle terms.

<figure className="kek-figure kek-figure--reference" data-mark="TERMS" aria-labelledby="glossary-map-title">
  <div className="kek-figure__header">
    <span id="glossary-map-title">Protocol language / concept map</span>
    <small>Execution · revenue · lifecycle · custody</small>
  </div>

  <div className="kek-figure__body">
    <div className="kek-figure__grid kek-figure__grid--four">
      <div className="kek-figure__cell kek-figure__cell--accent"><span>Execution</span><strong>Price impact · slippage</strong><small>Market movement versus the output bound you authorize.</small></div>
      <div className="kek-figure__cell"><span>Revenue</span><strong>Gross fee · fee rights</strong><small>The charged amount versus one configured allocation destination.</small></div>
      <div className="kek-figure__cell"><span>Valuation</span><strong>TWAP</strong><small>A time-weighted price used by configured triggers and policies.</small></div>
      <div className="kek-figure__cell"><span>Liquidity</span><strong>Compounding · BBB</strong><small>Retained fee handling and the buyback-and-burn reserve.</small></div>
    </div>
  </div>

  <figcaption className="kek-figure__caption">Use chain-specific pages when the same high-level concept has different Solana and Robinhood Chain mechanics.</figcaption>
</figure>

| 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                      |