V.O.W / refs/semantic
Semantics
the words used on this site and what they mean exactly.
| vessel | the program derived address, seeds vessel, that holds SOL and the coin |
| breath | one execution of the breathe instruction |
| inflow | lamports that arrived in the vessel since the previous breath |
| reserve | lamports left unspent after a breath |
| holdings | base units of the coin in the vessel's token account |
| basis | volume weighted lamports paid per one million base units, over all purchases |
| price | marginal lamports per one million base units at the pool, read in the breath |
| ratio | price divided by basis |
| spend fraction | f(r), the share of inflow plus reserve swapped in this breath |
| burn fraction | g(r), the share of holdings after purchase burned in this breath |
| subparity, parity, superparity | r below 0.95, within 0.95 to 1.05, above 1.05 |
| reading | Birdeye USD price multiplied by the current supply |
| witness | the relayer that calls breathe after each trade |
| trigger signature | the trade signature that a breath records and refuses to reuse |