Protocols Glossary

Asset

A resource with economic value, such as a cryptocurrency, token, NFT, or tokenized real-world asset.

Airdrop

A distribution of tokens or assets to wallet addresses, often as rewards or for protocol participation.

APR (Annual Percentage Rate)

The yearly interest earned or paid, not including the effects of compounding.

APY (Annual Percentage Yield)

The actual rate of return earned in a year, including compounding interest.

Audit

A security review of smart contract code to identify vulnerabilities and ensure protocol safety.

Block

A batch of transactions bundled together and recorded on a blockchain in sequential order.

Blockchain

A decentralized, immutable ledger that records all transactions across a distributed network.

Broker

An intermediary that facilitates the buying or selling of assets between parties, typically for a fee.

Burn

The permanent removal of tokens from circulation, usually by sending them to an unrecoverable address.

Clarity

A core RVNWL value—ensuring all protocol actions and flows are transparently verifiable on-chain.

Cosmic Order

A metaphor for replacing speculative chaos with algorithmic, transparent, and fair economic flows.

Cryptocurrency

A digital or virtual currency secured by cryptography, functioning on a blockchain network.

DAO (Decentralized Autonomous Organization)

A blockchain-based organization governed by token holders through on-chain proposals and voting.

Decentralisation

The distribution of authority and control across a network rather than relying on a single centralized entity.

DeFi (Decentralized Finance)

Financial applications built on blockchain technology that operate without traditional intermediaries.

Dapp (Decentralized Application)

An application running on a blockchain network using smart contracts, typically with a web interface.

Event Horizon

A metaphor borrowed from astrophysics describing the point of no return—used in RVNWL to symbolize irreversible burn actions.

FIAT Money

Government-issued currency not backed by a commodity (e.g., USD, EUR), declared legal tender by the issuing authority.

Financial Bubble

A market situation where the price of an asset inflates rapidly beyond intrinsic value, often driven by speculation and FOMO.

FOMO (Fear of Missing Out)

A psychological response driving participants to make impulsive decisions for fear of missing potential gains.

Fork

Copying and modifying open-source code or a protocol for new use cases, deployments, or experiments.

Governance Token

A special token that grants voting rights in protocol or DAO governance.

Immutable

Incapable of being changed after deployment—applies to smart contracts and blockchain data.

Integrate

To connect a protocol, smart contract, or feature into a new or existing application or service.

Investing

The act of allocating capital (often tokens or fiat) in expectation of earning returns or value appreciation.

Irreversibility

The property of certain protocol actions (like burns) being final and non-reversible.

Liquidity

The ease with which an asset can be bought or sold without causing significant price impact.

Liquidity Pool

A smart contract holding reserves of tokens to enable automated trading, swaps, or lending.

Mainstream Economy

The traditional financial system involving regulated banks, fiat currency, and government oversight.

Multichain / Cross-Chain

The ability to transfer tokens or data across different blockchain networks, increasing interoperability.

Native Currency

The base asset used on a blockchain network (e.g., ETH for Ethereum, BNB for BNB Chain, MATIC for Polygon).

NFT (Non-Fungible Token)

A unique digital asset representing ownership of a specific item, artwork, or collectible.

Nonce

A unique, incrementing number in blockchain transactions to prevent replay attacks.

Oracle

A service that feeds off-chain data to a smart contract, enabling external information in protocol logic.

Permissionless

A property allowing anyone to use or interact with a protocol without restrictions or approval.

Protocol Fee

A fee collected by the protocol on transactions, used to sustain operations or reward participants.

Revamp (Burn-to-Reclaim)

The core RVNWL process: Users submit illiquid or failed tokens, which are irreversibly burned, in exchange for reclaiming a share of the protocol’s native currency.

Shared Yield

Protocol rewards or dividends distributed among participants, aligned with protocol usage or shareholding.

Shareholding Pool

A mechanism where users hold shares representing claim rights to protocol revenue or assets.

Slippage

The difference between the expected price of a trade and the actual execution price, often due to low liquidity.

Smart Contract

A self-executing piece of code on the blockchain that automatically enforces agreed-upon rules and conditions.

Staking

Locking tokens in a smart contract to earn rewards, participate in governance, or help secure a network.

Token

A programmable digital asset issued on a blockchain representing value, utility, or voting rights.

Tokenisation

The process of converting rights to an asset into a digital token on a blockchain, enabling fractional ownership and transferability.

Wallet

A software application or hardware device used to store, send, and receive cryptocurrencies or tokens.