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Glossary
Every term used on Tausen, in one line each.
Terms
| Term | Meaning |
|---|---|
| Bonding curve | pump.fun’s launch phase. A token that finished it moves to its PumpSwap pool and can get a market. |
| PumpSwap pool | The token’s pool on pump.fun’s AMM, where its price comes from. |
| Collateral | The USDC you put into a position. The most you can lose on it. |
| Leverage | How many times your collateral the position is worth: 1× to 10×. |
| Position size | Collateral × leverage. |
| Long / short | A bet that the price rises / falls. |
| Price on screen | The last finished Solana slot’s price. Used for opening, closing and liquidation. |
| Slot | Solana’s unit of time, about 0.4 seconds. |
| Liquidation price | The price at which a position’s collateral is gone; reaching it closes the position. |
| Deadband | Wins are measured as if the exit were 0.5% of the entry worse. |
| Impact haircut | The share of a gain kept, larger for larger moves (up to 90%). |
| Hold time | Wins closed within 30 seconds keep (seconds / 30)² of the gain. |
| Payout pool | A token’s own pool: filled by losses on it, pays its winners. |
| Payout queue | The line of profits a pool couldn’t pay yet. First in, first paid. |
| Open interest | The total size of open longs and shorts in a market. |
| Paused | A market under $100K market cap: no new positions, closes still work. |
| Explorer entry | One numbered record of an action that moved money. |
| $TAU buyback | Half of Tausen’s fees go to buying back $TAU. |
| Micro-USDC | One millionth of a USDC: the unit balances are kept in. |