Reference
Glossary
The words used across Feeroute and Pons, in plain language.
- Basis point (bps)
- One hundredth of a percent. 10,000 bps is 100%; a 45% share is 4,500 bps. Splits are stored in whole basis points.
- Bonding curve
- The Pons contract a new token trades against before it graduates. Every buy and sell on it pays the creator tax and the swap fee.
- Claimable
- ETH the vault holds for one recipient: a payment its wallet refused during a sweep, or vested ETH set aside when new fees arrived. It is released with release().
- Creator cap
- The largest share the vault owner's own address may hold, fixed when the vault is created. It does not cover other wallets the owner controls.
- Creator tax
- A per-trade charge on a Pons curve that goes entirely to the token's creator fee recipient. Set per token, for example 1.5%.
- Fee escrow
- The Pons contract that holds creator fees after the Pons operator sweeps them out of a curve. The recipient, here the vault, withdraws with claim().
- Fee recipient
- The address Pons credits a token's creator fees to. Routing makes the vault the fee recipient; after that only the vault can change it.
- Graduation
- When a curve has raised its target (for example 4.2 ETH), trading moves to a Uniswap v4 pool. Fees after graduation are not tracked by Feeroute yet.
- Owner
- The wallet that controls a vault: it proposes and cancels changes and can rescue ERC-20 tokens. Ownership moves in two steps: nominate, then accept.
- Pons admin timelock
- Pons' own 72-hour delay for its admin to change a token's fee recipient. Feeroute cannot block it, so reports show any such change while it waits.
- Release
- Sending a recipient what it can take now (unlocked vesting plus claimable ETH). Anyone can call it; the ETH only goes to the recipient.
- Route
- Where Pons sends a token's creator fees. A route change away from a vault waits out the vault's timelock.
- Split
- The list of recipients, their shares, labels, and vesting periods that a vault pays by. Shares always add up to exactly 100%.
- Split version
- A counter that goes up each time a new split goes live. Every sweep records the version it used.
- Sweep
- One transaction that claims the vault's ETH from the Pons escrow and pays every recipient by the split. Anyone can call it; a bot does so hourly.
- Swap fee
- A per-trade fee on a Pons curve shared between the creator and the Pons protocol. Set per token, for example 1%.
- Timelock
- The delay between proposing a split or route change and when it can apply, fixed at creation (up to 30 days). It is what lets holders react.
- Vault
- The Feeroute contract a creator owns for one token. It receives the creator fees and pays them out by the split.
- Vesting
- Paying a recipient's share linearly over a period instead of at once. New fees blend into the running schedule; see the vesting guide.