Terminology

  1. Core Concepts

    • DCA (Dollar Cost Averaging): Investing the same amount at set times.

    • Order: The instructions for your automated DCA, including tokens, amounts, timing, and preferences.

    • Vault: Where your order’s tokens are stored, can also earn yield if enabled.

    Order Setup

    • Order Parameters: Info needed for a DCA order (what to buy, how much, how often, recipient, slippage, staking options).

    • tokenIn: The token the order creator is selling or spending for each trade.

    • tokenOut: The token the order creator wants to buy or receive for each trade.

      • For the order creator: You deposit tokenIn and want to receive tokenOut over time.

      • For the filler: You provide tokenOut to the order and receive tokenIn as payment.

    Timing & Frequency

    • Frequency Interval: How often your order runs (e.g., daily, weekly).

    • Scaling Interval: Adjusts price tolerance if your order waits longer to execute.

    • First Execution: When your order starts.

    Price & Slippage

    • Slippage: Max difference you allow between expected and actual price.

    • Basis Points: Unit for small percentages (1 bp = 0.01%).

    • Price Feed: Where real-time token prices come from (e.g., Chainlink).

    • Feed Age Limit: How fresh the price data must be.

    Yield & Staking

    • Staking: Earn interest on tokens while waiting by lending to DeFi platforms (like Aave).

    • aToken: Interest-earning token you get when staking with Aave.

    • Stakable Token: Token that can be staked for yield.

    Execution

    • Fill: Completing a DCA order (swapping tokens as specified).

    • Fillable Amount: How much can be executed right now.

    • Execution Value: Dollar value of a single execution.

    Access & Security

    • Order Creator: The person who made the order.

    • Recipient: Who gets the purchased tokens.

    • Fee Collector: Gets the protocol’s fees.

    Token Management

    • Token Properties: Info on each token (decimals, price feed, staking enabled).

    • WETH: Wrapped Ether for using ETH with smart contracts.

    • Permit2: Secure token transfer system from Uniswap.

    Order Lifecycle

    • Active Order: Still has trades left to run.

    • Cancelled Order: Stopped early, returns remaining tokens.

    • Completed Order: All trades done, order closes.

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