Reference
Glossary
The words the app and these pages use, in the sense they use them.
| Term | Meaning |
|---|---|
| Window | The time during which a purchase can be undone. It starts when you buy and ends at the expiry its premium pays for. |
| Premium | What a window costs, in ETH, on top of the tax. Never refunded; it buys tokens back from the pool when the window closes, and they are burned. |
| Tax | 1% of the ETH side of every swap and every window, paid to the dev in ETH. |
| Held for you | The ETH a window spent on its tokens. Refundable to its owner, to the wei, until the expiry. |
| Hole | The range of the pool a window's tokens were taken from. Buyers cross it for free; it holds nothing a seller can reach. |
| Undo | Ending a window before its expiry: the ETH back to its owner, the tokens back into the pool. |
| Keep | Ending a window by taking the purchase: the tokens to the owner, the ETH into the pool. The owner can at any time; anyone can once it has run out. |
| Hook | KolanHook, the Uniswap v4 hook: the pool's only liquidity provider, the holder of every window, and the taker of the tax. |
| Book | The hook's record of its positions in the pool, in price order. Every window cuts into it and every close puts something back. |
| Dev | The address the tax is paid to. It receives nothing else. |
| Tick | Uniswap's unit of price: each one 0.01%. The pool's prices move in steps of 10, 0.1%. |