# Protocols Glossary

#### **Asset**

A resource with economic value, such as a cryptocurrency, token, NFT, or tokenized real-world asset.

#### **Airdrop**

A distribution of tokens or assets to wallet addresses, often as rewards or for protocol participation.

#### **APR (Annual Percentage Rate)**

The yearly interest earned or paid, not including the effects of compounding.

#### **APY (Annual Percentage Yield)**

The actual rate of return earned in a year, including compounding interest.

#### **Audit**

A security review of smart contract code to identify vulnerabilities and ensure protocol safety.

#### **Block**

A batch of transactions bundled together and recorded on a blockchain in sequential order.

#### **Blockchain**

A decentralized, immutable ledger that records all transactions across a distributed network.

#### **Broker**

An intermediary that facilitates the buying or selling of assets between parties, typically for a fee.

#### **Burn**

The permanent removal of tokens from circulation, usually by sending them to an unrecoverable address.

#### **Clarity**

A core RVNWL value—ensuring all protocol actions and flows are transparently verifiable on-chain.

#### **Cosmic Order**

A metaphor for replacing speculative chaos with algorithmic, transparent, and fair economic flows.

#### **Cryptocurrency**

A digital or virtual currency secured by cryptography, functioning on a blockchain network.

#### **DAO (Decentralized Autonomous Organization)**

A blockchain-based organization governed by token holders through on-chain proposals and voting.

#### **Decentralisation**

The distribution of authority and control across a network rather than relying on a single centralized entity.

#### **DeFi (Decentralized Finance)**

Financial applications built on blockchain technology that operate without traditional intermediaries.

#### **Dapp (Decentralized Application)**

An application running on a blockchain network using smart contracts, typically with a web interface.

#### **Event Horizon**

A metaphor borrowed from astrophysics describing the point of no return—used in RVNWL to symbolize irreversible burn actions.

#### **FIAT Money**

Government-issued currency not backed by a commodity (e.g., USD, EUR), declared legal tender by the issuing authority.

#### **Financial Bubble**

A market situation where the price of an asset inflates rapidly beyond intrinsic value, often driven by speculation and FOMO.

#### **FOMO (Fear of Missing Out)**

A psychological response driving participants to make impulsive decisions for fear of missing potential gains.

#### **Fork**

Copying and modifying open-source code or a protocol for new use cases, deployments, or experiments.

#### **Governance Token**

A special token that grants voting rights in protocol or DAO governance.

#### **Immutable**

Incapable of being changed after deployment—applies to smart contracts and blockchain data.

#### **Integrate**

To connect a protocol, smart contract, or feature into a new or existing application or service.

#### **Investing**

The act of allocating capital (often tokens or fiat) in expectation of earning returns or value appreciation.

#### **Irreversibility**

The property of certain protocol actions (like burns) being final and non-reversible.

#### **Liquidity**

The ease with which an asset can be bought or sold without causing significant price impact.

#### **Liquidity Pool**

A smart contract holding reserves of tokens to enable automated trading, swaps, or lending.

#### **Mainstream Economy**

The traditional financial system involving regulated banks, fiat currency, and government oversight.

#### **Multichain / Cross-Chain**

The ability to transfer tokens or data across different blockchain networks, increasing interoperability.

#### **Native Currency**

The base asset used on a blockchain network (e.g., ETH for Ethereum, BNB for BNB Chain, MATIC for Polygon).

#### **NFT (Non-Fungible Token)**

A unique digital asset representing ownership of a specific item, artwork, or collectible.

#### **Nonce**

A unique, incrementing number in blockchain transactions to prevent replay attacks.

#### **Oracle**

A service that feeds off-chain data to a smart contract, enabling external information in protocol logic.

#### **Permissionless**

A property allowing anyone to use or interact with a protocol without restrictions or approval.

#### **Protocol Fee**

A fee collected by the protocol on transactions, used to sustain operations or reward participants.

#### **Revamp (Burn-to-Reclaim)**

The core RVNWL process: Users submit illiquid or failed tokens, which are irreversibly burned, in exchange for reclaiming a share of the protocol’s native currency.

#### **Shared Yield**

Protocol rewards or dividends distributed among participants, aligned with protocol usage or shareholding.

#### **Shareholding Pool**

A mechanism where users hold shares representing claim rights to protocol revenue or assets.

#### **Slippage**

The difference between the expected price of a trade and the actual execution price, often due to low liquidity.

#### **Smart Contract**

A self-executing piece of code on the blockchain that automatically enforces agreed-upon rules and conditions.

#### **Staking**

Locking tokens in a smart contract to earn rewards, participate in governance, or help secure a network.

#### **Token**

A programmable digital asset issued on a blockchain representing value, utility, or voting rights.

#### **Tokenisation**

The process of converting rights to an asset into a digital token on a blockchain, enabling fractional ownership and transferability.

#### **Wallet**

A software application or hardware device used to store, send, and receive cryptocurrencies or tokens.
