Glossary

A concise reference of technical and protocol‑specific terms used throughout the OLTA documentation.

Term	Definition
$OLTA	Utility & governance token powering staking, voting, and future incentive mechanisms.
AUM (Assets Under Management)	Total USDC‑equivalent value of all assets held in an OLTA fund.
Asset Acquisition Engine	Off‑chain execution layer that routes trades to CEXs/DEXs and reconciles positions on‑chain.
Benchmark	External index used to measure relative performance; only benchmarked funds accrue performance fees.
CEX (Centralized Exchange)	Custodial trading venue such as Coinbase Prime, Binance, Kraken, or Bitstamp.
DEX (Decentralized Exchange)	On‑chain, non‑custodial trading venue such as Uniswap or Balancer.
Governance	On‑chain voting system that can adjust parameters, trigger emergency actions, or allocate treasury funds.
Index Unit / IRT (Investment Representation Token)	ERC‑20 token received when depositing USDC into an index; represents proportional claim on fund assets.
KYCa / KYCb	Dual‑tier identity checks: KYCa for basic access, KYCb for rewards & governance eligibility.
NAV (Net Asset Value)	USDC value per index unit, calculated from on‑chain asset balances and oracle prices.
Oracle	Data feed delivering off‑chain asset prices to smart contracts (e.g., Chainlink, TWAP from DEX).
POL (Protocol‑Owned Liquidity)	Liquidity that OLTA seeds and controls, typically for the $OLTA/USDC pair.
Rebalancing	Periodic adjustment of asset weights to maintain index methodology targets.
Slippage	Difference between expected and executed trade price, mitigated via caps and multi‑venue routing.
Smart Contract	Self‑executing code on Ethereum that handles deposits, mint, burn, and escrow logic.
Staking	Locking $OLTA to earn protocol rewards; rewards are claimable upon unstake.
Tier‑One Exchange	Highly reputable CEX meeting OLTA’s liquidity, compliance, and proof‑of‑reserve standards.
TWAP / VWAP	Time‑Weighted and Volume‑Weighted Average Price smoothing techniques used for fair valuation.
USDC	USD‑pegged stablecoin used as the settlement currency and reporting unit across OLTA products.