Reference
Glossary
Every term used across PrimerPad, defined once.
Terms
- Primitive
- A financial exposure PrimerPad lets creators launch against (Mortgage, Japan, Long Treasuries). Backed by a verified Solana quote mint.
- Quote asset
- The token on the quote side of a market. On PrimerPad it is the Primitive’s mint (USDX, EWJon...).
- Base token
- The token a creator launches (HOUSE). Fixed supply of 1,000,000,000 with immutable authorities under Primer Standard v1.
- DBC (Dynamic Bonding Curve)
- Meteora's launch program. Prices a new token along a configured curve until a migration threshold, then migrates it to DAMM. DBC mechanics
- Virtual reserve
- The implied reserves of the curve at the current price, derived from segment liquidity and sqrt price. They define the price; nobody holds them. Virtual vs real
- Real quote reserve
- The actual quote tokens traders deposited into the curve (the pool’s quoteReserve). Graduation compares it with the migration threshold.
- Migration threshold
- The real quote reserve at which the curve completes and migration becomes possible. Graduation
- TokenBadge
- A Meteora-issued account that lets DBC accept a Token-2022 quote mint whose extensions go beyond metadata. TokenBadges
- Token-2022
- Solana’s extended token program. Extensions such as ScaledUiAmount, Pausable or TransferHook change how a mint behaves and can require a TokenBadge.
- DAMM v2
- Meteora’s constant-product AMM. PrimerPad markets migrate into it at graduation.
- Graduation
- The move from the bonding curve to a DAMM v2 pool once the threshold is reached.
- Partner
- The DBC role whose fee claimer receives the partner fee share. For PrimerPad configs it is the PrimerPad treasury.
- Creator fee
- The creator’s share of the trading fee: 23% of the post-Meteora fee, about 0.30% of volume.
- Primer fee
- PrimerPad’s partner share: 77% of the post-Meteora fee, about 1.00% of volume.
- Protocol fee
- Meteora’s fixed 20% share of every DBC trading fee (and a 20% share of DAMM v2 LP fees on graduated pools).
- Locked liquidity
- DAMM v2 liquidity permanently locked at migration. It cannot be withdrawn; its trading fees remain claimable.
- Primitive Registry
- The mapping from Primitive to quote mint, config key and status. Registry
- Certification
- PrimerPad’s evaluation of a candidate quote mint, from mint properties through executed lifecycle proof and market depth.
- Launch availability
- Whether PrimerPad offers launches against a Primitive now: LIVE, LIMITED, INTEGRATION or PAUSED.
- Engine compatibility
- Whether the engine can run the full lifecycle with the mint: CERTIFIED or FAILED.
- Migration watcher
- PrimerPad’s service that detects completed curves and migrates them, idempotently.
- Indexer
- PrimerPad’s service that turns chain activity into market events and state, reconciled from RPC.