> For the complete documentation index, see [llms.txt](https://onchain-cc.gitbook.io/onchain-docs/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://onchain-cc.gitbook.io/onchain-docs/getting-started/key-concepts.md). # Key Concepts & Glossary onchain.cc has its own vocabulary — some of it standard crypto terminology, some of it specific to the terminal. This page covers both. *** ## Products | Term | Definition | | --------------- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | | **Spot** | The order-book spot trading product, powered by Hyperliquid. A deep universe of USDC pairs with market, limit, and TWAP orders. Shares one USDC balance with Perps. | | **Perps** | Perpetual futures, powered by Hyperliquid. Go long or short with leverage; no expiry. Uses the shared Perps/Spot balance. | | **Trenches** | The token-launch product. A live scanner and trading surface for new Solana tokens across the PumpFun, LaunchLab, and Meteora launchpads — from first block to graduation and beyond. | | **Predictions** | Prediction markets powered by Polymarket. Buy Yes or No shares on real-world events; winning shares settle at $1. | | **Swap** | Cross-chain token swaps across 12 supported chains, with automatic best-price routing. | | **Portfolio** | Your consolidated view: wallet holdings, Spot, Perps, and Predictions balances, positions, and PnL. | | **Dashboard** | Your customizable home screen — build it from 30+ widgets, save up to three layouts, share and import boards. | | **Colosseum** | The competitive layer. Trading earns points; points build rank and standing on prize-pool leaderboards. | *** ## Trading terms | Term | Definition | | ------------------- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------- | | **CA** | Contract Address — the unique on-chain identifier for a token. Paste a CA into the search bar to pull up any token instantly. | | **Self-custody** | You hold your own private keys. No exchange or third party can access, freeze, or move your funds. onchain.cc is fully self-custody. | | **Privy** | The authentication and wallet infrastructure behind sign-in. Supports Google, email, and wallet login, and manages embedded wallets non-custodially. | | **Embedded wallet** | The self-custody Solana and EVM wallets attached to your account when you sign in with Google or email. View them — and export their keys — on the Wallets page. | | **Carbium** | The Solana routing engine behind Swap. It splits and routes orders across DEX liquidity to get the best available price. | | **Slippage** | The difference between the price you expect and the price you get at execution. Your slippage tolerance is the maximum move you'll accept before the trade reverts. | | **MEV protection** | Routing safeguards against sandwich attacks on Solana swaps. On by default. | | **Gas fee** | The network's fee for processing a transaction, paid in the chain's native token. Sponsored on most supported EVM chains. | | **Maker / Taker** | On order-book products: a maker order rests on the book and adds liquidity; a taker order fills immediately against it. Takers pay slightly higher fees. | | **TWAP** | Time-Weighted Average Price — an order type that splits a large order into small slices over a chosen duration to reduce market impact. | | **Funding rate** | On perps: the hourly payment exchanged between longs and shorts that keeps the perp price anchored to the underlying. | | **Liquidation** | The automatic close of a leveraged position when its margin can no longer support it. | *** ## Trenches terms | Term | Definition | | ------------------------------------ | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ | | **Launchpad** | The platform a token launched on. Trenches covers PumpFun, LaunchLab (Raydium), and Meteora. | | **Bonding curve** | The pricing contract new launchpad tokens trade on before graduation. Buys push the price up the curve; sells push it down. | | **Graduation** | The point where a token completes its bonding curve and its liquidity migrates to a full DEX (PumpFun tokens graduate to PumpSwap). After graduation it trades like any other token. | | **Snipe** | A fast pre-configured buy on a launchpad token, using your saved amount, slippage, and priority settings. | | **USD1** | A USD stablecoin supported as a Trenches funding currency alongside SOL and USDC. | | **Tracker** | The wallet-tracking tab in Trenches — follow up to 50 wallets, get live buy/sell/launch alerts, and see their trades on your charts. | | **Dev / Sniper / Bundler / Insider** | Holder-analysis flags on every token showing what share of supply is held by the token deployer, early snipers, bundled buyers, and insiders. | *** ## Colosseum terms | Term | Definition | | ------------------ | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | | **Points** | Earned automatically from trading volume across all products, plus quests. Your lifetime points balance never resets; your seasonal **rank points** drive the rank climb. | | **Rank** | Your seasonal standing: Recruit → Warrior → Gladiator → Champion → Warlord → Immortal. Rank sets your cashback rate, and resets to Recruit for everyone when a new season opens. | | **Cashback** | 25–50% of every trading fee returned to you in USDC, by rank. Accrues live as you trade; claim it before it expires. | | **Season** | A long-running campaign with a prize pool and its own boosts. | | **Session** | A shorter competition window inside a season — typically weekly — with its own leaderboard and prizes. | | **Quest** | A challenge that pays bonus points, boosts, or loot boxes — daily, weekly, or one-time. | | **Loot Box** | A reward drop earned from quests and milestones. Four rarities: Common, Rare, Epic, Legendary. Contains points or USDC. | | **Faction** | A team of up to 50 traders competing together. Top factions by weekly volume earn a points multiplier for every member. | | **Vault** | A community campaign: the whole platform trades toward a shared volume target to unlock rewards. | | **Bonus Window** | A time-limited event that boosts point earnings for eligible trades. | | **Social Scoring** | Points progress for quality posts about onchain.cc on X. | *** {% hint style="info" %} New terms get added as the platform evolves. If you see something in the UI that is not covered here, check the product-specific docs or ask in [Discord](/onchain-docs/resources/support.md). {% endhint %} *** Ready to trade? Start with the [Quick Start Guide](/onchain-docs/getting-started/quick-start.md).