Glossary

Plain-language definitions of every term used in these docs. AMM (Automated Market Maker) The mechanism a DEX uses to set prices automatically. Instead of matching buyers and sellers, you trade against a shared pool of tokens, and a formula sets the price. See What Is a DEX?. APR / APY Estimated annual return. APR (Annual Percentage Rate) is the simple yearly rate; APY (Annual Percentage Yield) accounts for compounding. On PrigeeX these are estimates based on recent activity and change over time, not guarantees. Arbitrum The fast, low-cost network (“Layer 2”) that PrigeeX runs on. Built on top of Ethereum, with the same security but far cheaper, quicker transactions. Arbiscan The public block explorer for Arbitrum: a website where anyone can look up transactions, addresses, and verified contracts. See Contract Addresses. Bridge A tool that moves your tokens from one network to another (e.g. from Ethereum to Arbitrum). See Get Funds on Arbitrum. DEX (Decentralized Exchange) A trading platform that runs on public smart contracts, where you trade directly from your own wallet and no company holds your funds. PrigeeX is a DEX. ETH The native currency of Ethereum and Arbitrum, used to pay network fees (gas). Gas The small network fee paid (in ETH) to process any transaction. On Arbitrum, usually a few cents. See Fees & Gas. Impermanent loss The gap in value that can appear for a liquidity provider when the two pooled tokens’ prices move apart, compared to simply holding them. See Impermanent Loss, Explained. In range / Out of range (Concentrated) Whether the current market price is inside the price band you chose for a Concentrated position. In-range positions earn fees; out-of-range positions are paused until the price returns or you adjust. KYC “Know Your Customer” identity checks required by centralized services. PrigeeX requires none to start trading. Liquidity The pool of tokens available for trading. More liquidity means larger trades with less price movement. Liquidity Provider (LP) Someone who deposits a token pair into a pool to earn a share of trading fees. See Provide Liquidity. LP token (Classic) The token you receive as a receipt for providing Classic liquidity. It represents your share of the pool and is redeemed when you withdraw. NFT position (Concentrated) A Concentrated liquidity position, represented as a unique token (NFT) in your wallet, think of it as the “deed” to that position. PGX The PrigeeX native token. Used for staking (to earn revenue) and governance. Fixed supply of one billion. See PGX Tokenomics. Pool A shared pot of two tokens that people trade against and that liquidity providers deposit into. Price impact How much your own trade moves the price, shown color-coded. Larger trades on smaller pools have higher price impact. See Swap Tokens. Seed phrase (Secret Recovery Phrase) The 12-word master key to your wallet. Never share it or type it into any website. See Security & Safety. Self-custody You, not a company, hold and control your funds. The core principle of a DEX. Slippage / Slippage tolerance The change in price between clicking and settling. Your tolerance (default 0.5%) is the most you’ll accept before a trade cancels itself to protect you. Smart contract A public program on the blockchain that runs exactly as written. PrigeeX’s features are powered by verified smart contracts anyone can inspect. Stablecoin A token designed to hold a steady value, usually about $1 (e.g. USDC, USDT). Staking Locking up PGX to earn a share of the platform’s revenue. See Stake PGX. Swap Trading one token for another. See Swap Tokens. TVL (Total Value Locked) The total value of all tokens deposited across the platform, a common measure of a DEX’s size. See Read the Analytics. Classic / Concentrated (CL) The two liquidity modes PrigeeX offers. Classic spreads liquidity evenly across all prices (simple, hands-off). Concentrated (also called concentrated liquidity, or CL for short) focuses it in a price range you choose (advanced, higher-earning). See Classic vs Concentrated. Wallet The app that holds your tokens and lets you approve actions: your account and login on a DEX. See Set Up a Wallet.