Glossary
Terms are ordered alphabetically. Protocol-specific terms are marked with ★.
Active bin ★ — The single bin in a DLMM pool that currently holds reserves of both tokens. All swaps start from the active bin and walk outward until filled.
Atomic command — A Canton ledger command that commits entirely or fails entirely. ClearPortX swaps are single atomic commands, even when they cross many bins.
Base fee ★ — The constant portion of the swap fee, set at pool creation. Paid on every swap regardless of market conditions. See Dynamic fees.
Bin ★ — A discrete price interval in a DLMM pool. Inside a bin, swaps execute at a fixed price with zero slippage. Between bins, the price jumps by the configured bin_step.
Bin step ★ — The basis-point distance between adjacent bins. A pool with bin_step = 25 has 0.25% price spacing.
Canton Coin (CC) — The native asset of the Canton Network, used to pay for transaction traffic fees and earned by validators and featured applications.
Collateral factor — The maximum percentage of an asset’s value that can be borrowed against it. Higher-liquidity assets command higher collateral factors. See Money markets · Overview.
Concentrated liquidity — A liquidity model in which LPs place capital in a narrow price range rather than across the entire possible range. DLMMs are one form of concentrated liquidity.
Daml — The smart-contract language used on Canton Network. All ClearPortX contracts are written in Daml.
DLMM ★ — Dynamic Liquidity Market Maker. The exchange primitive used by ClearPortX.
Dynamic fee ★ — The variable component of a swap fee, which grows with realized volatility. See Dynamic fees.
Featured App Rewards — Canton’s reward program for live applications that contribute to network value. ClearPortX is eligible for Featured App Rewards as a production application.
Guardian ★ — A multisig role with the authority to pause or freeze specific ClearPortX modules in response to detected anomalies. See Security · Guardian.
Health factor — In money markets, the ratio of weighted collateral to borrowed value. A position with health factor below 1.0 is eligible for liquidation.
Liquid staking — A product that wraps staked tokens into a composable receipt token. Not yet available for CC on Canton Network; see the roadmap.
Liquidity provider (LP) — A user who deposits tokens into a pool in exchange for a share of the swap fees.
Party — A Canton cryptographic identity that signs transactions. Format: name::namespace.
Q64.64 fixed-point — The high-precision number format used internally by DLMM math for exact price computation. On Canton, simulated via Decimal with rounding at boundaries.
sCPX ★ — The receipt token received when staking CPX. Earns revenue share from protocol fees and featured-app rewards. Redemption ratio to CPX grows over time.
Slippage tolerance — The maximum acceptable deviation between the quoted price and the executed price. Swaps that would exceed this tolerance revert.
Super Validator (SV) — An institutional validator approved by the Global Synchronizer Foundation to operate a core Canton validator node.
Volatility accumulator ★ — The internal state variable that tracks realized volatility across swaps in a DLMM pool, used to compute the dynamic fee component.