Term | Definition |
Acquisition | The process by which traders exchange fiat currency for SRF tokens through a Custodial Ramp. |
Bond Capital | Stablecoin capital (e.g., USDC) deposited by custodians as Surety Bonds to secure tokenisation. |
Burn | The deletion of SRF tokens by custodians based on available verified custody. |
Capitalisation | Interchangeable with Mint; refers to the process of creating SRF tokens backed by bonded fiat reserves. |
Custodial Ramp (Ramp) | Licensed custodians facilitating fiat-to-SRF (acquisition) and SRF-to-fiat (redemption) transactions. |
Custodian | Entities holding fiat reserves securely and tokenising them into SRF via zkTLS proofs and Surety Bonds. |
Decentralised Exchange (DEX) | An integrated market-making mechanism supporting trading pairs like SRF-USDC, minimising spreads. |
Governance | Decision-making process involving SRP holders, covering custodian onboarding, fees, and treasury management. |
Mint | The creation of SRF tokens based on verified fiat reserves and bonded capital. |
Primary Market | The market for acquiring SRF directly from Custodial Ramps. |
Redemption | Process of traders exchanging SRF for fiat currency through a Custodial Ramp. |
Remediation | The process of addressing fraud or mismanagement by custodians, which may involve liquidating bonds, blacklisting entities, or initiating legal actions. |
Secondary Market | The DEX-integrated market where SRF is traded against bond capital, such as SRF-USDC pairs. |
Single-Sided Liquidity Provision (SS-LP) | A DEX feature allowing users to contribute SRF or USDC individually to liquidity pools. |
SRF (Surety Fund Token) | A digital asset backed by a basket of fiat currencies held by custodians in the protocol. |
SRP (Surety Governance Token) | A digital asset backed by a basket of fiat currencies held by custodians in the protocol. |
Surety Bond | Security deposits made by custodians in stablecoins to insure tokenised fiat reserves. |
Tokenisation | Conversion of fiat reserves into SRF tokens, involving custody verification and bond capitalisation. |
Withdrawal | Interchangeable with Burn; refers to removing SRF tokens from circulation based on verified custody. |
zkTLS Custody Proofs | Cryptographic proofs validating the authenticity of fiat reserves without exposing sensitive data. |
zkTLS Fraud Proofs | Cryptographically verified evidence correlating on-chain transactions with off-chain activity to identify fraudulent actions by custodians. |
