Glossary
The words Tokri uses, in plain terms.
Words
- Basket
- A recipe: a set of tokens and the weight of each. Buying one buys every token in it.
- Swap
- Exchanging one token for another, here through Jupiter.
- Jupiter
- The router that finds where to swap each token on Solana and builds the swap.
- USDC
- A digital dollar: 1 USDC is meant to be worth $1.
- SOL
- Solana's own coin. Network fees and deposits are paid in it.
- cbBTC
- Coinbase's bitcoin token on Solana; Coinbase says each one is backed by a bitcoin it holds.
- Minimum received
- The least a swap may give you; past it, the swap fails rather than fill at a worse price.
- Token account
- Where your wallet keeps one kind of token. Opening one takes a refundable deposit of about 0.002 SOL.
- Tokenized stock
- A token issued by a third party that tracks a share's price, with no shareholder rights.
- Seed phrase
- The words that control your wallet. Never share them, with anyone.