# Glossary

## Accrual

Adding a cashback or referral entry to your account on a confirmed trade. Accruals are not paid out immediately — they sit in your unclaimed balance until you claim.

## Active wallet

The wallet currently used for trading and as the destination for claim payouts. Exactly one of your wallets is active at any time.

## bps (basis points)

1/100 of a percent. Used throughout the API for precision. 100 bps = 1.00%. 350 bps = 3.50%.

## Bonding curve

A pricing function that determines a token's price based on its supply. Used by PumpFun and BonkFun for pre-graduation memecoins.

## Cashback

A refund of part of the trading fee you paid. Calculated as `gross_fee × cashback_bps / 10000`.

## Claim

The action of transferring your unclaimed balance to your active wallet. Pays out cashback and referral earnings together.

## Custodial wallet

A wallet whose private key is held by someone other than the user. FastTrack wallets are custodial — we hold the key.

## DEX

Decentralized exchange. On Solana, this includes PumpFun, Raydium, Meteora, Jupiter, etc.

## Gross fee

The 1% trading fee charged on every trade, before any cashback is returned.

## Jupiter

A Solana aggregator that picks the best route across all DEXs. Used by FastTrack as a fallback when no native path applies.

## KOL (Key Opinion Leader)

A content creator or community leader who partners with us to refer their audience. Eligible for Tier 6 status and custom referral rates.

## Lamport

The smallest unit of SOL. 1 SOL = 1,000,000,000 lamports.

## Lifetime volume

The sum of all SOL traded across all your buys and sells. Drives self-serve tier promotion. Never decreases.

## Net fee

The 1% trading fee after the trader's own cashback is deducted. Referrals are paid as a percentage of net fee.

## Pool

A liquidity pool on a DEX. For most tokens, the pool address is what axiom.trade displays in its URL.

## Routing

The process of deciding which DEX to use for a given trade. FastTrack does this automatically.

## Slippage

The difference between the expected price and the realized price. Set in basis points. A trade that would exceed your slippage tolerance reverts.

## Tier

A user's cashback level. Tiers 1-5 are self-serve (unlocked by volume). Tier 6 is admin-set for partner relationships.

## Tier override

An admin-set tier that overrides the volume-based self-serve tier. Used for KOL and FNF accounts.


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