An on-chain pricing mechanism where token price changes as tokens are bought and sold along configured supply distribution.
The percentage of bonding-curve supply already distributed through trading.
The transition point where a social token exits curve-only phase after reaching the configured distribution target.
Reference price path used for market alignment and pricing context.
Operational price reference used for perp PNL and risk checks in the trading system.
Periodic transfer mechanism between longs and shorts that helps align perp pricing with underlying spot reference.
Collateral posted to support a leveraged perpetual position.
Total exposure size of a position, typically larger than posted margin when leverage is used.
Multiplier that scales position exposure relative to margin.
Liquidation Price
Estimated price level where a position may be liquidated if margin is insufficient for maintenance requirements.
Difference between expected and actual execution due to market movement or liquidity conditions.
Open Interest (OI)
Aggregate notional value of open positions in a market.
