Glossary

Floor terms

Floor price

What the reserve pays for a coin: floor reserve ÷ the coins it backs. A coin cannot trade below it on its curve, and after bonding anyone can sell to the reserve at it, less the fee. It is enforced by the contract and never goes down. See The floor.

Floor reserve

The ETH behind a coin's floor. The floor price is this amount divided by the coins it backs, so coins can always be sold to it at that price, less the fee. Fees and Floor Wars payouts only ever add to it. After bonding the contract that holds it is called the coin's floor vault.

Circulating supply

The coins the reserve backs. Until a coin bonds, every coin sold on the curve. After it bonds, every coin that exists, the Uniswap pool's included. Burned coins are not counted.

Trading terms

Curve

Where a coin trades until it bonds: its own market contract, which sells coins at the floor price first and along a rising price after that.

Pool

The Uniswap v4 pool of ETH and the coin where a coin trades after it bonds. Each coin has its own, and its liquidity is locked for good.

Hook

A contract that a Uniswap v4 pool calls at set points, such as around each swap. The Hardfloor hook opens a bonded coin's pool, owns its liquidity with no way to remove it, and charges the 1.25% fee in ETH on every swap.

Selling to the floor reserve

After bonding, handing coins to the reserve for the floor price, less the 1.25% fee. The coins are burned.

Minimum-out

The least you will accept from a trade. If the price moves past it before the trade executes, the trade reverts.

Launch terms

Bonding

The point where 80% of a coin's supply has sold. The buy that gets there closes the curve and moves the coin to a locked Uniswap v4 pool at the same price, and the unsold coins that do not go into the pool are burned.

Anti-snipe fee

A fee on top of the trading fee, on buys and sells: 30% in a coin's first minute, 20% in the second and 10% in the third. All of it goes to the Floor Wars pot. The creator's first buy does not pay it.

First buy

The creator's buy in the launch transaction: at least about $10 in ETH and at most 5% of the supply. It pays the 1.25% trading fee and no anti-snipe fee.

Loans, rewards and chains

Origination fee

The 2% fee charged up front on a loan (phase 2): 1% to the protocol and 1% to that coin's floor.

$FLOOR

The Hardfloor token. When a loan is not repaid, its locked coins are sold at the end of the term, and everything the sale brings in above the loan buys $FLOOR on the market and burns it (phase 2). $FLOOR has not launched. See Borrowing.

OFT

Omnichain Fungible Token, LayerZero's standard for a token that exists on several chains. In phase 3, an OFT adapter on Robinhood Chain locks coins, and the same coin is minted on other chains.

Floor Wars pot

The weekly pot filled by 0.10% of all volume, paid into the floors of the three winning coins at up to 50%, 30% and 20% (phase 2). See Floor Wars.