Ramses terms.

Tokens available for trades at the current price. Concentrated-liquidity positions outside their chosen ranges are inactive.

Annual percentage rate. It turns an income rate into a yearly estimate without assuming rewards are reinvested. The estimate is not a promise or a measure of total profit.

Annual percentage yield. It estimates a yearly rate while assuming rewards are reinvested on a schedule. Actual results depend on those assumptions.

A documented HyperEVM product that votes with xRAM automatically and turns rewards into a supported token you claim. The deposited xRAM and claimable rewards are separate balances.

A fixed price level in a DLMM pool. Liquidity providers can own shares in several chosen bins.

Removing tokens from usable circulation. Robinhood BuybackModule sends RAM to the dead address without calling token burn() or reducing totalSupply; token supply counters and unusable balances are different measures.

Robinhood’s protocol-revenue destination since October 14, 2026. Authorized execution buys liquid RAM on market and sends it to the dead address. A direct RAM input can skip the purchase.

Reinvesting rewards so they add to the assets backing a position. r33 reinvests into xRAM.

Tokens supplied for trading within a price range chosen by the liquidity provider.

Short for decentralized exchange: a place to trade tokens using blockchain contracts.

A pool design that uses fixed price levels called bins. Fees stay in the pool assets backing liquidity providers’ shares.

Token rewards distributed by the protocol. Under the documented gauged policy, eligible liquidity providers receive these rewards.

A repeating accounting period. Ramses uses weekly periods starting Thursday at 00:00 UTC.

The fee rate a pool charges on swaps. This differs from how the collected fee is shared.

A pool where LP income comes from swap fees. The documented default gives LPs 95% and the protocol 5% of those fees.

The transaction cost paid in a network’s native token to carry out a blockchain action.

A contract that tracks eligible liquidity rewards. Having a gauge does not, by itself, tell you a pool’s current fee split.

The people, permissions, and processes that can affect protocol settings. Staked xRAM votes direct pool rewards; they do not control every administrative change.

What your original token amounts would be worth if you had kept them. The lab compares this with the liquidity position’s value.

The HyperEVM name for r33: a tradable token representing staked xRAM, with automatic voting and reward reinvestment.

When an LP position’s tokens are worth less than holding the same starting tokens, before fees and costs. Withdrawing can lock in that difference.

When a concentrated-liquidity position is between its price limits and can take part in swaps. Activity exactly at a boundary follows the pool’s tick rules.

The amounts of each token in an LP position. Trading can change this mix as price moves.

Someone who puts tokens into a pool so other people can trade against them.

Short for liquidity provider. People also use it to mean a liquidity position.

Value available from how transactions are ordered or carried out. Ramses documents ways to capture some opportunities, but capture is not guaranteed.

Withdrawing LP assets requires control of the position or permission from its owner. Authorized protocol roles can still change settings such as fees.

When price is outside a concentrated-liquidity position’s chosen limits. It holds one token and does not take part in swaps at that outside price.

How much your own trade changes the price you receive by using the available liquidity.

The part of collected swap fees sent away from direct LP income. It is usually a share of fees, not a share of the whole trade.

A tradable token backed by staked xRAM. It votes automatically and reinvests rewards into xRAM backing. It is called hyperRAM on HyperEVM.

Ramses’ base token, also used for token rewards. Holding RAM differs from staking xRAM and voting.

A liquidity range used to turn one token into another as price crosses it. If price returns before withdrawal, the conversion can reverse.

A configurable rule aimed at reward abuse. On protected positions, early claims or liquidity changes can permanently lose affected token rewards.

Prior Robinhood protocol-fee exchange mechanism, closed there when revenue routing moved to BuybackModule on October 14, 2026. Do not use its fee-exchange model to explain current Robinhood buybacks.

The difference between the expected trade result and the actual result. Your slippage limit sets how much worse the result may be before the transaction fails.

The risk of loss from broken contract code, stolen control permissions, or problems between connected systems.

The fee a trade creates before it is divided among the eligible recipients.

A set price boundary used by concentrated-liquidity contracts when placing ranges.

Total value locked: the value of assets in a pool or protocol. In concentrated liquidity, this alone does not show how much liquidity is active now.

A reward offered to encourage votes for a pool. It is separate from token rewards paid to LPs.

A RAM-based token with transfer restrictions. Stake it to vote. Documented direct redemption returns 0.5 RAM per xRAM.