Glossary

The market, revenue and governance terms used throughout the protocol.

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Markets and assets

BIBO: The platform token specified for liquidity incentives, voting locks and the Launchpad buyback policy. It is not issued in the current release.
BIBOCAT: The community asset paired with Meme tokens alongside WETH and BGB.
Meme token: An individual project's token issued through the Launchpad. It is the required deposit asset for that project's Holder Fee participation.
Quote asset: The paired asset that buyers pay, sellers receive and project fee rewards are paid in. For example, WETH is the quote asset in a hypothetical TOKEN/WETH market. The creation form calls it Paired with.
Launch principal: Quote assets accumulated through curve trading, excluding fees. They fund sales back to the curve and seed the first liquidity pool at graduation.
Bonding curve: The launch pricing rule that responds to the market's token inventory and quote reserves as participants buy and sell.
Graduation: The handoff from a completed launch curve to its secondary-market pool, seeded with real launch principal and project tokens.
Price impact: The change in execution price caused by trading a particular amount through the available liquidity.
Slippage tolerance: The permitted execution change relative to a quote. For an exact-input trade it helps set the minimum acceptable output.

Project fees and staking

Creator Fee: The additional project fee selected at creation. After graduation only the launch's own pool charges it; other pools for the token do not. Project revenue also includes the creator's allocated base-fee share during curve trading and follows the fixed creator–holder split.
Platform fee: A fixed fee the Launchpad adds to trades in platform-fee pools and, except on launches from the first release, in a graduated launch's pool, charged on the quote-asset side. On the curve, the App's Platform part is the protocol's share of the base fee. Both are Launchpad protocol revenue, not project revenue.
Holder Fee: The project revenue allocation streamed in the quote asset to participants staking that project's Meme token.
Staker share: The creation form's percentage of project revenue assigned to the Holder Fee budget. The remainder goes to the creator. This is a revenue split, not a trading fee rate.
Staked balance: A wallet's record of deposited Meme tokens. It is non-transferable and has no newly issued receipt token.
Reward stream: A funded schedule over which participating stakes accrue quote-asset rewards.
Claimable rewards: Income already accrued to a wallet and available to claim, separately from deposited principal and undistributed budgets.
Withdrawal delay: The six-hour period from the latest Meme token deposit before that wallet's staked tokens can be withdrawn.

Liquidity and ve(3,3)

Liquidity provider (LP): A participant who supplies assets to a pool and holds a position representing that capital.
Concentrated liquidity: Capital supplied within a selected price range and active while the market trades inside that range.
Market fee: A pool's own swap fee, paid to the liquidity providers in that pool.
LP fee recipient: The address that receives the LP fees a launch's locked graduation position earns: the protocol by default. The recipient can hand that right to another address. These fees are outside the 80/20 split; on launches from the first release, they are never collected.
Platform-fee pool: A pool opened through the Launchpad for a pair that includes an enabled quote asset. Trades pay the pool's market fee and a 0.1% platform fee, and no Creator Fee.
ve(3,3): The allocation model linking BIBO voting locks, pool incentives for LPs, and fees and voting incentives for voters.
Vote escrow: The mechanism that turns locked BIBO into voting weight, reflecting the amount and duration committed.
Admission: Governance-controlled eligibility for a market to enter the fee-referenced emission program.
Eligible fees: The pool fees assigned to voters and measured in the preceding window to limit LP rewards. They exclude Launchpad protocol revenue, Creator Fee allocations and external voting incentives.
Emissions: BIBO issued under the protocol's reward schedule. The voting allocation and fee ceiling limit how much of the pool reward budget each eligible pool can receive.
Voting incentives: Additional rewards offered by projects or other participants to attract votes for a pool, alongside the pool's voter trading fees.
Emission ceiling: The maximum pool release permitted by both its vote-directed allocation and its five-times-fee allowance. Actual released rewards may be lower.
Epoch: A protocol accounting period used for voting, measurement or reward distribution. A measured fee window informs a subsequent reward allocation.

Protocol revenue and retirement

Launchpad protocol revenue: Realized protocol-owned fees: the launch fee, the protocol's share of curve fees and the platform fee. 80% is allocated to BIBO buybacks and 20% to team operations.
Buyback and burn: Revenue-funded BIBO purchases followed by permanent retirement of the entire purchased amount at a black-hole address.
Flywheel: The intended feedback between launches, liquidity, trading fees, voting and incentives, complemented by Launchpad-funded BIBO purchases and retirement.