Quick Terminology
Further Reading in GitHub| term | explanation |
|---|---|
| termAddress | explanationA unique identifier that serves as a virtual location. |
| termCliff | explanationThe amount of time between when the grant is issued and when tokens start to vest and become unlocked. |
| termDelegation | explanationSetting aside an amount of KEEP to be staked by a trusted third party, referred to within the dApp as an operator. |
| termKEEP | explanationKeep Network’s native token and the token used to stake. |
| termMinimum Stake Amount | explanationThe minimum stake amount as required by the staking smart contract. |
| termSigning Group | explanationThe signing group that will produce the next relay entry candidate. If this group fails to respond to the request in time, the lead responsibility may shift to another group. Signing members are members of one complete signing group in the threshold relay. |
| termStake | explanationAn amount of KEEP that is bonded in order to participate in the threshold relay and, optionally, the Keep network. Part or all of this can be removed from escrow as penalties for misbehavior, while part or all of it can be refunded if and when a participant chooses to withdraw from the network and relay. There will be a period of delay called the undelegation period until the tokens are returned to the owner. |
| termStaking | explanationA mechanism by which token holders can support the decentralization of the KEEP network and earn rewards on their tokens. Reward earners are referred to within the dApp as a beneficiary. |
| termToken Grant | explanationA grant that contains KEEP tokens that unlocks at a set schedule over a period of time. |
| termUnlocking Schedule | explanationThe amount of time it will take for KEEP tokens within a grant to be fully unlocked and available for release into the Owned token balance. |