Glossary

Terms used across these docs, defined as ODIN uses them.

Several of these have a general meaning and a narrower ODIN meaning. Where they differ, the difference is the point.

A–C#

Accretion — backing per held ODIN changing over time. TOTAL ACCRETION = g + δ, in % per year of backing per held ODIN. Never a yield; nothing is claimable. Detail.

Arbitrage — trading a price difference between venues. With sixteen pools sharing ODIN, differences appear constantly, and closing them pays fees into pools nobody can drain.

Bonding curve — in ODIN discussion, the constant-product AMM curve x·y=k. Strictly distinct from a Bancor supply-mint curve, but the usage is settled.

Burn — for ODIN, three permanent categories: the dead address, the locked pValhalla position, and the curve floors Σ k ÷ max_supply across capped pairs. Accounting.

Constant product — the AMM rule x · y = k. k changes only when liquidity is added or removed.

Curve floor — ODIN that cannot be bought out of a pool at any price, because buying it would require more counter-asset than will ever exist. k ÷ max_supply. The only strictly monotonic quantity in ODIN's picture. Derivation.

D–K#

Dead address — 0x...dEaD. An address with no private key. Where the LP tokens went.

Dormant pool — one of the sixteen that trades rarely enough that market data APIs return nothing. Locked identically to the others; dormant describes attention, not liquidity.

Free float — ODIN actually in circulation. Computed from a float basis with locked ODIN removed once — never as circulating supply − locked, which double-counts. Why.

g — the fee half of accretion. Fees compounding into locked reserves.

k — a pool's constant-product invariant. For ODIN's pools it only ratchets up.

K — the network invariant, the product of all sixteen k values. dK/dt ≥ 0 always.

L–O#

LF (Liquidity-to-Float) — 2 × locked ODIN ÷ held ODIN. Pure token counts, no prices. Breathes with demand; a rising floor sits beneath it. Structural gauge, not a buy signal. Detail.

Locked liquidity — here, LP tokens that are unreachable. Distinct from the common usage meaning time-locked, which implies a date on which they aren't.

LP token — the receipt a pool issues for a liquidity deposit. Burn it and the liquidity comes back. The thing ODIN made unreachable.

LVR (loss-versus-rebalancing) — the formal name for the value arbitrageurs extract from an AMM. ODIN does not capture this; it captures the fees the arbitrage pays. The distinction.

Meme — in ODIN usage, community and shared cultural value. Real people with identity and belonging at stake. Not a risk category.

MEV — value extractable by ordering transactions. Arbitrage between ODIN's pools produces it; external searchers capture it; ODIN collects only the swap fees.

MINIMUM_LIQUIDITY — 1000 wei of LP that Uniswap V2 permanently locks at pair creation. Why a fully burned pool shows total supply minus 1000 wei at the dead address. Uniswap's, not ODIN's.

odinOS — the human surface. A windowed OS for understanding the network. Detail.

P–S#

PEAS — Peapods Finance's token. Fully diluted and deflationary, so the curve floor derived from it rises on both sides.

pOHM — a Peapods pod wrapping OHM.

pValhalla — a Peapods pod wrapping ODIN. Not wrapped OHM; the two are separate pods paired in one pool. The sink.

Permanent bid — the property that ODIN's pools always quote a bid, at every size, and it can never be withdrawn. A statement about depth, never price. Detail.

Ratchet — something that moves one way. k and the curve floors ratchet. LF does not.

Sink — pool 16, pValhalla/pOHM, and the supply mechanism around it. The accurate word: what it does is absorb.

spValhalla — the staked-LP receipt for the sink pool. Most of its supply is burned, which is how pool 16 is locked.

Synergy Loop — the coupled economic and social flywheel: disagreement → arbitrage → fees → deeper pools, and rising value → community energy → more participants → more activity. Both halves.

T–Z#

Trust-minimised — ODIN's accurate self-description. Discretionary trust in ODIN is removed; dependencies on Uniswap, Peapods and Ethereum remain. Deliberately not "trustless."

UNIfication — the Uniswap governance proposal that turned on the V2 protocol fee switch in late December 2025. It did not change the 0.30% swap fee or what reserves accrue — both hard-coded in the pair. It set feeTo on the factory, so one-sixth of fee growth is taken as LP dilution of the claim on reserves. Consequences.

Uniswap V2 pair — the canonical pool contract. No owner, no admin functions, no upgrade path.

δ (delta) — the deflation half of accretion. Computed on the same basis as g, and the curve floors do not enter it.

φ (phi) — the swap fee, 0.30%. It sets execution math and reserve growth: the whole fee enters k. Use 0.25% only for a position's post-dilution claim. Two numbers, two jobs — and reserves are not one of the 0.25% jobs.

Ticker spellings#

Consistently: TSUKA (Dejitaru Tsuka, never "Suka") · OHM (Olympus) · OHMI (One Hundred Million Inu, 0x4159...533c) · SOJ (Sun of Jebel) · DBI (Don't Buy Inu) · PAXG (Pax Gold) · OLI (never "Ollie")

ODIN Liquidity Network — the full name. "ODIN" alone is fine. Never "ODIN Protocol."