BOUNDS documentation

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Glossary

Short definitions for the terms used throughout BOUNDS.

Product and protocol terms

Bounds
The lower and upper prices that define a strategy range.
Base token
The asset whose unit price is expressed in the quote token.
Quote token
The asset used to express the base token’s price.
Range
The price interval where liquidity is active.
Distribution
The rule that allocates capital across underlying positions.
Draft
An editable, off-chain strategy configuration stored in the current browser.
Price scenario
A deterministic view of strategy composition at a user-selected price.
Strategy
One user’s range, intent, assets, and logical position record.
PositionSet
All Uniswap V3 token IDs managed as one BOUNDS strategy.
LP fees
Fees paid by swaps that use active Uniswap V3 liquidity.
Current price
The latest canonical pool price used for strategy validation.
Completed strategy
A product state where price has crossed the full intended conversion range; it does not mean the on-chain position is closed.