Glossary
The terms you will see while using Conviction.
A shared vocabulary
| Term | Meaning |
|---|---|
| Allowance | The amount a token holder has authorized a contract to spend. |
| Basis point | One hundredth of a percentage point. 100 basis points equal 1%. |
| Principal | The token amount recorded in a lock. Accepted Lockdrop rewards become principal in a new position. |
| Position | One commitment with an ID, owner, token, amount and unlock date. |
| Maturity | The point when a position becomes eligible for release without a protocol penalty. |
| Penalty snapshot | The initial and final penalty rates saved for the current commitment. |
| Conviction weight | Principal multiplied by the full length of the current commitment. |
| Reward campaign / bribe | A funded reward stream for positions locking a selected token. |
| Lockdrop | An optional campaign whose recipients accept rewards as new locks with no early exit. |
| Principal basis | The qualifying token's total locked principal captured when a Lockdrop is funded, used to fix each position's share. |
| Floor | The minimum total conviction weight required for a campaign to pay. |
| Accrued rewards | Rewards attributed to a position, including amounts still vesting. |
| Vested rewards | The earned share available to collect after accounting for previous payouts. |
| Community rewards | Source-capped principal shares of another position’s early-exit penalty, unlocked after both commitments mature and kept only by positions held to maturity. |
| Forfeiture | Unclaimed Community rewards and unvested campaign rewards surrendered when a position exits early, then reserved for CONV removal. |
| Replacement commitment | Funding that a replacement campaign must stream or forfeit. |
| Refundable balance | Unstreamed campaign funding that can return after remaining commitments are deducted. |
| Penalty reserve | Tokens separated from principal for the CONV removal mechanism. |