Introduction
Glossary
Definitions for the main product, account, and execution terms used throughout the docs.
Terms
- Tap Trade
- A fast long or short position opened from the Purp Trade game surface.
- Up
- A long Tap Trade that benefits when the market price rises.
- Down
- A short Tap Trade that benefits when the market price falls.
- BBO midpoint
- The midpoint between best bid and best offer, used by PaperTrade for synthetic execution pricing.
- Session key
- A scoped key that signs trading intents without repeated wallet prompts.
- Queued payout
- A payout state used when the protocol recognizes a winning close before enough LP funds are available to pay it.