| Term | Meaning |
|---|---|
| RWA | Real-world asset — an off-chain asset represented on-chain. Here, income-producing compute. |
| IX-CORE | The ERC-4626 index token representing fractional ownership of the whole IX RWA compute book. |
| ERC-4626 | The tokenized-vault standard IX-CORE uses; shares are minted/redeemed against underlying assets at NAV. |
| NAV | Net Asset Value — USDC in the vault (cash + revenue) + oracle hardware value. |
| NAV-per-share | NAV ÷ supply — the price at which IX-CORE mints and redeems, recomputable from on-chain inputs. |
| Accumulating | IX-CORE reinvests revenue by design — it raises NAV-per-share rather than paying a separate distribution. |
| Cohort vault | The construction unit: one grouping per SPV/batch of assets, added to IX-CORE by a rules-based weight. |
| NAV Oracle | LiveDataNAVOracle — publishes per-cohort hardware value behind an INAVOracle seam, fed from live market data (test settlement), bounded and staleness-guarded. |
| INAVOracle | The swap seam: the only NAV dependency the vault has, so the feed source can change without touching the vault. |
| EconomicsFeeder | The off-chain service that pushes live-market values and revenue on-chain (holds attestor / revenue / keeper roles on testnet). |
| Attestor Registry | The proof-of-reserve gate: the intended sole writer of the NAV oracle, so every NAV move is a recorded attestation. |
| Proof of Reserve (PoR) | Evidence that reserves back the index; enforced on-chain by requiring an attestor + evidence hash for every NAV move. See Proof of Reserve. |
| evidenceHash | keccak256 of the off-chain evidence bundle (invoices, serials, site, telemetry) recorded with each attestation. |
| identityHash | keccak256 of an asset’s canonical hardware bundle (machine id, serials, geolocation) — re-hash off-chain data to verify the anchored machine. |
| Asset Registry | On-chain identity and lifecycle for each asset (machine + GPU serials, hashed), powering transparency. |
| Smoothing reserve | A USDC buffer that smooths yield and funds the redemption queue; its balance is public on-chain. |
| Entry / exit fee | Deposit/redeem fees (testnet 0% / 0.10%), following OpenZeppelin’s ERC-4626 fees pattern (previews equal actuals). |
| Management fee | A streaming fee (testnet 1%/yr) taken by minting dust shares pro-rata to elapsed time. |
| Reserve floor | The share of assets held back from instant redemption — reachable only by the queue processor. |
| availableCash | vault balance − reserve floor — the cash a redemption can be paid from instantly. |
| Redemption queue | If instant cash is short, redemptions burn now and queue FIFO, paid as the vault + reserve refill. |
| Bootstrap / seedShares | The one-time mint of initial supply representing existing hardware (or the migration claim), preventing a “zero-share trap.” |
| Auto-quarantine | An asset drops out of NAV/yield automatically if its feed goes stale or divergent (oracle counts only active cohorts). |
| Reserve coverage | A transparency ratio comparing on-chain reserve + asset value to capital in the vault. |
| Merkle claim | Now used only for the one-time BNB→IX-CORE migration airdrop; retired for ongoing payouts. |
| Money-path | The end-to-end flow of value; IX RWA requires it to be derived from verified on-chain events. |
| Chain-as-truth | Positions are reconstructed from on-chain events by an indexer, not from client-submitted figures. |
| UUPS proxy | The upgradeable-proxy pattern behind each core contract; upgrades need UPGRADER_ROLE, addresses never change. |
| Phase-2 redeploy | The audited mainnet redeployment where canonical chain, pricing, and the real oracle feed are finalized. |
| Agent Gateway | The hosted, read-only MCP endpoint for AI agents to query protocol data. |
Resources
Glossary
Key terms used across the IX RWA protocol and documentation.