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Glossary

List of key terms related to Blockswap Network Protocols.


The wording used in some of our documents may be unfamiliar to our readers. Some of the more commonly used terms are listed below to help with your understanding of Blockswap Network. If you have additional questions regarding some of the documentation's explanations, please join our community Discord.

TermsDescription
dETHA derivative ERC-20 representing staked ETH within a validator offering slash protected yields.
SLOT TokenA derivative ERC-20 token representing management rights and network fee yields to an ETH2 validator.
Brand CentralCommunity Toolkit for Stakehouse coordination. Where staking is made social.
StakingParticipating in Beacon Chain validation.
Maximal Extractable Value Rewards (MEV)MEV stands for revenue extracted from the transaction ordering process of Ethereum block production. This is based on specific commercial interests of network operators. Including (arbitrage, subsidy, or fast transactions, ect.).
LiquidityThe ability for an asset to be converted/redeemed to cash.
Synthetic TokenSynthetic tokens are price feed backed tokens whose value fluctuates depending on the tokens' reference. They require a peg and unsustainable and deep liquidity.
Management RightsOperations and earned network revenue right of the validator.
RedeemableAbility to clawback underlying assets.
ValidatorActive operator with stake of 32 ETH performs block production/attestation on Beacon Chain.
Brand ManagerThe entity which registered the Brand ticker with a KNOT - 32 ETH validator using Stakehousee protocol.
Goodie BagAn NFT token set that comes with a KNOT.
Brand Ownership NFTThe NFT for the creator of the Stakehouse.
Middle LayerA neutral technology stack for the blockchain ecosystem.
Proof of Stake (PoS)The consensus mechanism by which the Ethereum blockchain is validated based on ETH deposits.
DeFiDecentralized Finance.
StakehouseIs an AMM which acts as a registry for the Ethereum Deposit Contract & Beacon Chain validators.
YieldRefers to the earnings generated or realized.
FungibilityTo be mutually interchangeable.
Ownership KeysPrivate keys represent final control and ownership of digital assets.
Gas FeesNetwork fees charged by the Ethereum network for processing its users transactions and making them available on the Ethereum blockchain.
SlashingSlashing is a mechanism built into proof of stake blockchain protocols to discourage validator misbehavior.