Glossary

Perpetual Future (Perp): A futures contract with no expiry; funding keeps prices anchored.

Funding Payments: Periodic payments between longs/shorts to align perp price with index; the treasury may take an optional share.

Liquidation: Automatic position close when margin is insufficient; a 10% fee is applied and split among validators, insurance, and buyback.

veALPHA: Vote‑escrowed ALPHA; longer lock → higher voting weight and fee share.