Glossary

Accretion guard — The check that a bond's deposit backs its payout at the floor (deposit_usd × 1e8 ≥ payout × floor). A bond that fails it reverts.

Backing — The USD value of all treasury reserves, compared against DOHM liabilities. Not a redemption right or a custody proof; a mint constraint.

Backing invariant — reserve_usd × 1e8 ≥ (tracked + pending) × floor. The treasury never mints past it.

Bond note — The bearer claim minted for each bond purchase. Matures at a fixed height, then redeems for DOHM.

Cliff — All-or-nothing vesting: nothing claimable before maturity, the full amount at maturity.

Cooldown — The block delay between an unstake request and being able to claim the payout.

DOHM — The reserve token (8 decimals). Only the treasury mints it; anyone can burn their own.

Epoch — The fixed number of blocks between rebases.

Excess — Mintable headroom while staying fully backed: ⌊reserve_usd × 1e8 / floor⌋ − (tracked + pending). The hard cap on every rebase reward.

Floor — A treasury accounting price (frUSD per DOHM × 1e8) that bounds minting. Not a market price or redemption guarantee.

frBTC — Wrapped Bitcoin issued by Subfrost; a volatile reserve asset, priced via signed attestation.

frUSD — The $1 numeraire, a Subfrost stablecoin; valued 1:1 with no oracle, and the stable core of the reserve.

Activity feed — The chronological list of decoded protocol actions the indexer surfaces; the human-readable view of the events that feed points.

Index — DOHM value per sDOHM share. Starts at 1e8, only ever rises, and only on a rebase.

Leaderboard — Wallets ranked by total points (highest first), refreshed at most once per block; see Points.

Miner fee — The Bitcoin transaction fee, paid to miners, not to DOHM.

Numeraire — The unit of account (frUSD) in which all backing is measured.

Pending — DOHM reserved for unredeemed bond notes; a treasury liability from the moment a bond executes.

Points — An off-chain participation metric the indexer computes from your on-chain actions (flat 10 per action at launch). Not a token, not claimable; see Points.

POL LP — Protocol-owned liquidity: a treasury-held LP position counted as backing, valued by the √k markdown.

Rebase — The permissionless, epoch-gated distribution that mints capped rewards to stakers by raising the index.

Reserve asset — A whitelisted token the treasury accepts as backing (frUSD, frBTC, DIESEL, LP tokens).

sDOHM — Staking shares. Transferable; their DOHM value follows the index.

Settling — The window after broadcast before a transaction is confirmed and indexed, during which chain reads are half-applied.

Signed attestation — An ed25519-signed price band a volatile/LP bond requires; the treasury re-checks live spot against it.

Tracked supply — The treasury's cumulative-minted counter. Burns don't reduce it, so it's a conservative liability measure, not live supply.

Unstake ticket — The bearer claim minted for each unstake request. Unlocks after the cooldown, then claims for DOHM.

√k markdown — LP valuation 2·√(r0_usd·r1_usd) × lp / total_lp, invariant to swaps so it can't be manipulated by a flash swap.