Glossary

aaeva — the base unit of AEVA: 1 AEVA = 10¹⁸ aaeva.

AE-20 — the ERC-20 interface every right kind and every bundle exposes on the EVM, at a derived address. See The EVM facade.

aeUSD (aeusd) — the settlement coin, 6 decimals. On testnet-0 a stand-in with no value. See Coins.

AEVA — the gas and staking coin. See Coins.

Asset — a set of right kinds created by an issuer, identified by a 32-byte id. See Assets & right kinds.

Attester — an account that attests credentials about subjects.

Beneficiary — the account an encumbrance is in favour of.

Bundle — one unit of every kind flagged bundle: what one would call a share. See Bundles & strips.

Claim — collecting accrued income. See Income.

Credential — an attestation of a type, from an attester, about a subject, with an expiry. See Credentials.

Delegation — lending the income or voting power of some units for a period, without transferring them.

Distribution — coins deposited against a right kind, accrued pro rata by its holders at that instant.

Drift — a disagreement between the indexer’s tables and the chain’s own invariant report. Testnet-0 has had none.

Effective units — raw units × the kind’s split multiplier. See Splits.

Encumbrance — a pledge, lien or lockup: units locked for a beneficiary without moving. See Encumbrances.

Escrow — units or coins locked by a pending settlement or held by a bridge route.

Exercise — a beneficiary taking encumbered units.

Holder — an account with a position.

Invariant — a property the chain checks and halts on if broken, such as conservation. See Conservation.

Issuer — the account that created an asset; the only one that issues.

Kind (right kind) — one class of right in an asset: ECONOMIC, INCOME, VOTE, REDEMPTION, CONTROL or CUSTOM.

Lien — an encumbrance created by the asset’s operator.

Liquidation — winding an asset down: LIQUIDATING, then LIQUIDATED; then the waterfall. See Waterfalls.

Lockup — an encumbrance set by the issuer at issuance, until a date.

Multiplier — a kind’s cumulative split factor.

Pledge — an encumbrance a holder creates for a beneficiary.

Policy — the rule that decides who may receive units of a kind. See Transfers & policies.

Position — the units of one kind one account holds, and how many of them are locked.

Redemption pool — coins an issuer sets aside to buy units back at a price until a date.

Route — a governance-set bridge path to another chain. See The bridge.

Sentry — a public node that relays for validators, which are not reachable from the internet.

Settlement — a bilateral trade whose legs all move at once or not at all. See Settlement.

Split — multiplying a kind’s multiplier; the stored state stays raw.

Strip — some kinds of an asset held without the others.

Transferable — units held minus units locked.

Waterfall — the ordered tiers that share out a liquidated asset’s proceeds.

Whole units — the minimum, over the bundled kinds, of an account’s units: how many complete bundles it holds.