> For the complete documentation index, see [llms.txt](https://docs.loadout.xyz/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.loadout.xyz/resources/glossary.md).

# Glossary

| Term                    | Meaning                                                                                                           |
| ----------------------- | ----------------------------------------------------------------------------------------------------------------- |
| Curated Launch          | A launch reviewed and coordinated with Loadout; new launches target 150 SOL in real curve reserves.               |
| Instant Launch          | The self-service launch route; new launches target 85 SOL in real curve reserves.                                 |
| Verified                | A project that has passed Loadout's review. It does not guarantee delivery or returns.                            |
| Fair Launch             | A token model with no reserved team or treasury tokens. Supply goes to the public curve and graduation liquidity. |
| Studio Launch           | A token model with disclosed team, treasury and optional staking reservations within the applicable limits.       |
| Bonding curve           | The pricing mechanism used for buys and sells before graduation.                                                  |
| Real reserves           | Actual SOL and tokens held by the curve. The real SOL target controls graduation.                                 |
| Virtual reserves        | Pricing inputs used by the curve; virtual SOL is not spendable liquidity.                                         |
| Graduation              | The transition to the official Meteora DAMM v2 pool. The original graduation position is permanently locked.      |
| Liquidity               | Assets available for trading in a curve or pool.                                                                  |
| Studio funding          | Fees and other funds actually available to the studio, separate from graduation liquidity.                        |
| Protocol allocation     | Loadout's share of eligible fees before applicable referral and rebate obligations.                               |
| Buyback                 | A purchase of a token using the designated funding source.                                                        |
| Burn                    | Removal of tokens from supply through the token burn instruction.                                                 |
| Buyback escrow          | Funds reserved for the project's buyback process.                                                                 |
| Game-revenue commitment | A studio's separate promise to use part of game revenue for buybacks, according to its published terms.           |
| Compounding             | Reinvesting an allocated portion of earned fees into liquidity.                                                   |
| Staking allocation      | Tokens reserved at launch for staker rewards, separate from the studio treasury.                                  |
| Token staking           | Depositing the supported token in a staking vault.                                                                |
| Liquidity staking       | Depositing both sides of a supported pool into a vault-controlled liquidity position.                             |
| Reward campaign         | A funded schedule for distributing staking rewards over time.                                                     |
| Loot                    | Eligible referral rewards and trader rebates, subject to their claim process.                                     |
| XP                      | Seasonal points calculated under the applicable participation rules.                                              |
| Vesting                 | The on-chain schedule governing when reserved tokens become claimable.                                            |
| Slippage                | The difference between quoted and executed output; a minimum-output setting limits what a trade will accept.      |

Project settings can differ, especially for earlier launches. Read the project page and live quote alongside these definitions.