> For the complete documentation index, see [llms.txt](https://ostium-labs.gitbook.io/ostium-docs/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://ostium-labs.gitbook.io/ostium-docs/getting-started/glossary.md).

# Glossary

{% hint style="warning" %}
These docs are deprecated and may be outdated. Please use the new docs: [docs.ostium.com](https://docs.ostium.com/)
{% endhint %}

* **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.


---

# Agent Instructions
This documentation is published with GitBook. GitBook is the documentation platform designed so that both humans and AI agents can read, navigate, and reason over technical content effectively. Learn more at gitbook.com.

## Querying This Documentation
If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question.

Perform an HTTP GET request on the current page URL with the `ask` query parameter, and the optional `goal` query parameter:

```
GET https://ostium-labs.gitbook.io/ostium-docs/getting-started/glossary.md?ask=<question>&goal=<endgoal>
```

`ask` is the immediate question: it should be specific, self-contained, and written in natural language.
`goal` is optional and describes the broader end goal you are ultimately trying to accomplish on behalf of the user. GitBook uses it to tailor the answer towards what is most useful for that goal.

The response will contain a direct answer to the question and relevant excerpts and sources from the documentation.

Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.