Terminology
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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