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.