Glossary

Definition of terms used in documentation.

Liquidity Providers ("LPs"). Users providing liquidity to the protocol as peer-to-pool market makers and acting as counterparties to traders' net PnL.
Open Interest ("OI"). The total cumulative position size across traders allowed for a particular side (long/short) on a particular asset.
Open Interest Imbalance ("OI Imbalance"). The difference between long and short OI.
Open Interest Skew ("OI Skew"). OI skew can either be long (OI long>OI short) or short (OI long<OI short).
Ostium Liquidity Provider token ("OLP token"). An LP's share in the LP Market Making Vault, which accrues rewards directly into the token value.
Perpetuals ("Perps"). An onchain primitive enabling price exposure to an asset without underlying ownership thereof. Stated otherwise, a non-expiring future who's cost of holding is governed by a funding rate.
Position Size. The total notional exposure of a trader's position: Collateral x Leverage.
Profit and Loss ("PnL"). Total gains and losses incurred by the position over a specific period. A positive or negative PnL yield a profit or a loss, respectively.
Real World Assets ("RWAs"). A catch-all term used by crypto natives to refer to the universe of tradable assets not native to the blockchain.
Shared Liquidity Layer ("SLL"). The combined liquidity across both vault structures (buffer and vault) that serves to settle trader PnL and accrues trading fee rewards.

Last updated 10 months ago

Definition of terms used in documentation.

Liquidity Providers ("LPs"). Users providing liquidity to the protocol as peer-to-pool market makers and acting as counterparties to traders' net PnL.
Open Interest ("OI"). The total cumulative position size across traders allowed for a particular side (long/short) on a particular asset.
Open Interest Imbalance ("OI Imbalance"). The difference between long and short OI.
Open Interest Skew ("OI Skew"). OI skew can either be long (OI long>OI short) or short (OI long<OI short).
Ostium Liquidity Provider token ("OLP token"). An LP's share in the LP Market Making Vault, which accrues rewards directly into the token value.
Perpetuals ("Perps"). An onchain primitive enabling price exposure to an asset without underlying ownership thereof. Stated otherwise, a non-expiring future who's cost of holding is governed by a funding rate.
Position Size. The total notional exposure of a trader's position: Collateral x Leverage.
Profit and Loss ("PnL"). Total gains and losses incurred by the position over a specific period. A positive or negative PnL yield a profit or a loss, respectively.
Real World Assets ("RWAs"). A catch-all term used by crypto natives to refer to the universe of tradable assets not native to the blockchain.
Shared Liquidity Layer ("SLL"). The combined liquidity across both vault structures (buffer and vault) that serves to settle trader PnL and accrues trading fee rewards.

Last updated 10 months ago