Glossary

Important terminology you will find used across the NashPoint project

A

Asynchronous Asset: An asset that doesn't allow immediate withdrawals, typically managed using the ERC-7540 standard in NashPoint.

Asset Manager: An individual or entity responsible for creating and managing a Node within the NashPoint ecosystem.

Async Max Delta: The maximum allowable deviation for asynchronous assets from their target ratio in a Node.

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C

Component: An individual asset or investment strategy to which a Node can allocate funds.

Centrifuge: A decentralized asset financing protocol that NashPoint integrates with for Real World Asset (RWA) investments.

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D

Deposit Asset: The primary asset used for deposits into a Node, typically a stablecoin.

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E

ERC-4626: A standard for tokenized vaults in Ethereum, used by NashPoint for handling deposits and synchronous asset interactions.

ERC-7540: An extension of ERC-4626 that supports asynchronous (delayed) deposits and withdrawals, implemented by NashPoint for managing illiquid assets.

Escrow: A unique contract create for each Node that holds shares and assets during asynchronous user withdrawals.

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M

Max Delta: The maximum allowable deviation for synchronous assets from their target ratio in a Node.

Max Discount: The maximum discount the swing pricing mechanism can apply during withdrawals.

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N

Node: The core unit of the NashPoint protocol, representing an individual investment strategy managed by an asset manager.

NodeFactory: A contract that allows for the permissionless creation of new Nodes.

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O

Operator: An address approved by a controller (user) to execute specific actions on their behalf, particularly for asynchronous redemptions.

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R

Rebalancer: An entity responsible for executing asset management functions across Nodes, including investing in assets and processing withdrawals.

Real World Asset (RWA): Tokenized representations of real-world assets that can be included in a Node's investment strategy.

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S

Swing Pricing: A mechanism implemented in NashPoint to adjust the price of shares during deposits and withdrawals based on the current reserve ratio, aiming to protect the Node's liquidity.

Synchronous Asset: An asset that allows immediate withdrawals, typically managed using the ERC-4626 standard in NashPoint.

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T

Target Reserve Ratio: The ideal percentage of a Node's total assets to be kept as liquid reserves.