> ## Documentation Index
> Fetch the complete documentation index at: https://docs.ix.finance/llms.txt
> Use this file to discover all available pages before exploring further.

# Glossary

> Key terms used across the IX RWA protocol and documentation.

| 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](/protocol/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.                                                                                                  |