These definitions describe the terms used in FxAeon. Product guides and the current transaction review supply the action-specific context.
Assets and shares
- fxUSD
- The protocol’s USD-pegged token. Its market price can differ from one dollar.
- fxSP
- A share of the f(x) Stability Pool. The app’s SDK also calls it a base-pool share.
- fxSAVE
- A share of the auto-compounding savings vault. Share quantity and underlying asset value are different.
- stETH and wstETH
- Related staking assets with different token units. FxAeon displays ETH-long collateral in stETH accounting while some signed limits remain in wstETH.
- WBTC
- The wrapped BTC token used for the supported BTC collateral market on Ethereum.
Positions and risk
- Collateral
- The assets backing a position’s debt.
- Debt
- The obligation recorded for the position. Debt added can exceed the net tokens received.
- Equity or position value
- The estimated value remaining after debt, in the position’s valuation context. It is not a close quote.
- Leverage
- Exposure relative to equity. A requested target and quoted effective leverage can differ after costs.
- Loan-to-value (LTV)
- Debt divided by collateral value, expressed as a percentage.
- Rebalancing
- A protocol operation that can reduce debt and collateral at a risk threshold. It is distinct from liquidation.
- Liquidation
- A protocol process for handling a position under its liquidation conditions, which can cause losses.
Quotes and transactions
- Slippage
- The adverse price movement permitted by the applicable execution limit.
- Price impact
- The estimated effect of an action on its execution price, separate from slippage tolerance.
- Minimum received
- A quoted lower limit where the route enforces one, rather than the expected output.
- Approval
- Permission for a contract to act on an asset. A token approval grants an allowance; a position approval concerns the selected position.
- Network fee or gas
- The cost of executing a transaction on its chain, paid in ETH on the supported networks.
- Receipt
- The chain’s record of an included transaction and its execution outcome.
- APY
- An annualized estimate of variable yield, not a guaranteed return or earnings to date.
- Cooldown
- The waiting period before a queued redemption can become claimable.
- OFT
- A LayerZero token interface used by the bridge. Custom OFT addresses still need independent verification.
Continue with Review & confirmation or Risks & rebalancing.