- Vault
- A Morpho Vault V2 holding deposited USDG, deployed by its curator into selected markets.
- Strategy
- The market selection and allocation caps a vault's curator sets. Glare does not choose them.
- Vault Shares
- What you receive in exchange for a deposit. Shares track your proportion of the vault's assets, not a fixed dollar amount.
- Curator
- The third party that selects which markets a vault allocates to and sets the caps. Steakhouse Financial, Api3, and MEV Capital. Glare only lists their vaults.
- Reference Asset
- A publicly traded stock or ETF (e.g. NVDA, AAPL, TSLA, SPY) whose price a vault tracks. See Stock Tokens & Price Tracking.
- Stock Token
- An ERC-20 token issued on Robinhood Chain by Robinhood Assets (Jersey) Limited (or its affiliates), giving economic exposure to a Reference Asset. Glare accepts these as a vault asset; Glare does not issue them.
- Price Feed
- Chainlink's price data for a Reference Asset, which vaults read to price Stock Token positions. Glare doesn't operate this oracle.
- Tracking Error
- The gap between a vault's return and its Reference Asset's actual return, caused by fees, market-hours mismatches, or Price Feed limits.
- Allocation
- How a vault splits its assets across markets, and the cap each market may not exceed. Set by the curator.
- Idle Assets
- The portion of a vault's balance that is not currently deployed to a market. It is available to withdraw at any time.
- Liquidity
- How much the markets behind a vault can absorb or release right now. Different from idle assets, which sit in the vault itself.
- Utilisation
- Deployed assets divided by total assets. The share of a vault that is actually earning.
- Net APY
- A vault's yield after its own management and performance fees. The figure Glare displays.
- Non-custodial
- Glare never holds your private keys or assets. Everything sits in a smart contract you interact with directly through your own wallet.
- Network
- Robinhood Chain, the Ethereum Layer 2 that Vault smart contracts and Stock Tokens are deployed on (or another network Glare may support later).
- USDG
- Robinhood Chain's native settlement stablecoin, used for deposits into vaults that don't require a specific Stock Token.