Glossary

Terms every Trancepad creator and trader should know.

Bonding curve: On-chain constant-product market that prices the token before graduation using virtual and real reserves.
Virtual reserves: Starting reserves that shape early price without requiring real inventory. Virtual native is derived from the USD graduation target.
Sellable reserve: The 800M tokens available to buy on the curve. The remaining 200M is reserved for DEX LP at graduation.
Graduation: Migration from the bonding curve to DEX liquidity when the ETH threshold is hit or sellable supply is exhausted.
USD target snapshot: At create, the chosen USD graduation target is converted to an ETH threshold using the ETH/USD oracle.
Creator fee (bps): Optional creator share of each curve trade, set at launch in basis points (0–100 bps). Default 50 bps.
LaunchZap: Periphery contract that routes USDG through WETH into curve buys/sells without changing BondingCurve itself.
LiquidityLocker: Holds the Uniswap V4 position NFT after graduation so LP cannot be pulled by the creator.
SIWE: Sign-In with Ethereum. Wallet signature that unlocks JWT-authenticated API features such as portfolio and create indexing.
Bonding progress: UI measure of how close real native raised is to the graduation threshold.
Graduated: Token status after successful liquidity migration. Curve trading is closed; DEX trading is open.
Raise: USDG escrow campaign with a min goal and time window. Success funds a FutarchyTreasury; failure enables full refunds.
Futarchy (Trancepad): Over-cap treasury spends decided by PASS/FAIL conditional markets and TWAP, not a simple vote.
Fee staking: Opt-in holder staking on graduated tokens. Rewards are creator-funded ETH from trading fees, with an unstake cooldown.
MCP: Read-only Model Context Protocol server (mcp/) that exposes Trancepad public API tools to agent hosts such as Cursor and Claude.
External market: Third-party (GeckoTerminal) price and chart display for non-Trancepad ERC-20s. Not used for Trancepad settlement or receipt sync.
Bridge: App path (/bridge) that funds a Robinhood Chain wallet via Relay. Trancepad does not custody bridged assets.