Glossary

Key terms used throughout Mintfolio and these docs.

AUM (Assets Under Management) — the total USD value a portfolio holds; its NAV. Creator earnings scale with AUM.

Basis point (bps) — one hundredth of a percent. 100 bps = 1%. All fees and weights are expressed in bps.

Portfolio — a smart-contract vault (Basket) that holds 2–20 tokenized stocks and issues ERC-20 portfolio tokens.

Constituent — one of the underlying tokens a portfolio holds.

Creator — the wallet that deployed a portfolio. Recorded on-chain, earns 90% of the portfolio's fees. See Creator earnings.

Curator — a wallet allowlisted to create portfolios when open creation is off. With open creation on, anyone can create.

DEAD_SHARES — a tiny fixed amount of portfolio tokens (1e15) minted to a dead address at creation and locked forever, to bootstrap a supply floor and block inflation attacks.

Entry fee — a fee (≤3%) charged when portfolio tokens are minted (on buying).

Exit fee — a fee (≤1%) charged when portfolio tokens are redeemed (on selling).

In-kind — depositing or withdrawing the underlying constituent tokens directly, in the vault's ratio. Oracle-free and always available.

Management fee — an annualized fee (≤3%/yr) that accrues continuously via portfolio token dilution while you hold.

Mint — creating new portfolio tokens by depositing value into a portfolio (buying).

NAV (Net Asset Value) — the total USD value of a portfolio's holdings: Σ (amount held × price). See NAV & price-per-portfolio token.

Open creation — the factory flag (openCreation) that, when true, lets any wallet create a portfolio. It is enabled on the live deployment.

Oracle — an on-chain price source (Chainlink feeds here). Used for display, one-click pricing, and fee accounting — never to gate mint/redeem.

Price-per-portfolio token — NAV ÷ total portfolio tokens; what one portfolio token is worth.

Protocol cut — the fixed 10% of every fee that goes to the protocol treasury (the creator gets the other 90%).

Redeem — burning portfolio tokens to receive the underlying tokens back (in-kind) or, via zap-out, USDG.

Seed — the initial deposit of constituent tokens a creator supplies to back a new portfolio's first portfolio tokens.

Portfolio tokens — the ERC-20 tokens a portfolio issues; your proportional claim on its holdings (yourShares / totalSupply).

Slippage — the maximum adverse price move you'll tolerate on a one-click swap. Your on-chain minShares/minUsdg floor enforces it — the transaction reverts rather than filling worse.

Stale — a flag set when a price feed is too old or the sequencer was recently down. NAV is marked stale and understated; redemption is unaffected.

trackedBalance — the vault's internal accounting of how much of each constituent it holds; what mint/redeem math uses (so stray tokens sent to the vault can't distort it).

USDG — the 6-decimal stablecoin used as the entry/exit asset for one-click zaps.

Weight — a constituent's target proportion of the portfolio, in bps; all weights sum to 10,000 (100%).

Whitelist — the governance registry (Whitelist) of tokens that may be used as constituents, with each token's price feed and decimals.

Zap — a one-click buy/sell that swaps between USDG and all constituents in a single transaction via the ZapRouter and V4SwapAdapter.