Glossary
The terms used across these docs.
| Term | Meaning |
|---|---|
| Bonding curve | The price formula a coin trades on before graduation. Buys push the price up, sells push it down. |
| Claim | A transaction that pays out what you've earned. |
| Cliff | In a creator lock, the wait after graduation before anything unlocks. |
| Coin treasury | The coin's own account. Fees land there before they're split. |
| Creator bonus | An extra 0.25% of every curve trade through woop, paid to the creator with their creator fees. |
| Creator fee | 0.75% of every curve trade through woop (0.5% from other apps), paid to the coin's creator. |
| Creator lock | Optional vesting of part of the supply, on an instant or fair launch. Shows a trust badge. |
| Dip Rights | The rule behind holder deals: loyal holders get first go at Exit Queue orders, at a discount. |
| Exit Queue | Where big sellers queue coins. Buys through woop fill from it at the current price, before the curve. |
| Fair Block | A few seconds of orders settled together at one price. Matched buys and sells don't touch the curve. |
| Fair launch | A commit window before a coin exists, then one opening buy at one price for everyone. |
| Fee-Key NFT | The NFT that earns a coin's 0.84% share of pool fees after graduation. |
| Graduation | When the curve fills and Raydium moves the coin into a permanent pool. |
| Floor | In the Exit Queue, the lowest price a seller will take. |
| Hold-to-earn | Holders earn part of every trade, by amount × time held. |
| Holder deal | An Exit Queue order in its first minute, open only to loyal holders at 2% off. |
| Instant | Trading now instead of in a Fair Block. Fills from the Exit Queue first, then the curve. |
| LaunchLab | Raydium's launchpad program. Runs the curves and graduation. |
| Merkle claim | A payout checked against a root posted on-chain, so anyone can verify it. |
| Pair | The quote token a coin trades against. Holders are paid in it. |
| Loyal holder | A wallet that has earned from holding a coin and still holds it. |
| Platform fee | The fee LaunchLab collects for woop on each curve trade: 2.25% on new coins, or 2.5% on pairs without a share fee. Trades through woop get 1.25% of it back. |
| Pool | The permanent Raydium pool a coin trades in after graduation. |
| Pool fee | 1% of every pool trade. Raydium keeps 0.16%. The coin gets 0.84%. |
| Price impact | How much your trade moves the price. |
| Promoter | Anyone who shares a coin link. Earns 0.25% of the trades it brings. |
| Rebate | The 1.25% of the platform fee a curve trade through woop gets back, in the same transaction. It makes a trade on woop cost 2% instead of 3%. |
| Rug signals | Data on a coin page about who holds it and how they got it. |
| Sandwich | A bot buying just before your trade and selling just after, at your expense. |
| Share fee | The 0.25% promoter fee, paid inside the trade on SOL, USD1 and Anon pairs. |
| Share link | A coin link with your wallet in it. |
| Ticker protection | The first coin with a ticker owns it. Others can use it for 1 SOL, paid to the first coin's holders. |
| Time held | How long you've held without your balance dropping. Selling resets it. |
| Top-holder share | The share of supply held by the 10 biggest wallets, pools excluded. |
| Tier pass | What a wallet holding 100,000 $WOOP for an hour gets: half fees on Fair Blocks and the Exit Queue, first go, kept block slots, and a stake in every coin |
| Price guard | Fair Blocks and the Exit Queue only use a price close to one seen a moment earlier, so a bot can't move it and trade in the same instant |