> ## Documentation Index > Fetch the complete documentation index at: https://docs.tradebetter.app/llms.txt > Use this file to discover all available pages before exploring further. # Glossary > Key BETTER and prediction market terms in plain English. ## Core market terms | Term | Definition | | --------------------- | -------------------------------------------------------------------------------------------------------------------------------------------- | | **Prediction market** | A market where contracts settle based on a real-world outcome such as an election, sports result, or economic release. | | **Polymarket** | The current venue BETTER focuses on. It runs on Polygon and uses a central limit order book. | | **Kalshi** | A regulated prediction market platform in the United States. Mentioned in BETTER docs as a planned future integration, not a live one today. | | **Opinion.xyz** | A prediction market protocol mentioned as a planned future integration. | | **CLOB** | Central Limit Order Book. The market structure where bids and asks sit in an order book until matched. | | **Oracle** | The mechanism that decides how a prediction market resolves once the real-world outcome is known. | | **Settlement** | The process of turning a resolved market outcome into final balances or payouts. | | **Alpha decay** | The idea that a trading edge fades quickly once more participants see the same information. | | **Slippage** | The difference between the expected trade price and the actual fill price. | | **Notional value** | The dollar value of a trade size. BETTER uses this term when describing Lite Mode copy-trade fees. | ## BETTER product terms | Term | Definition | | ----------------- | ----------------------------------------------------------------------------------------------------------------------------------------------- | | **BETTER** | A token-gated access layer for prediction-market trading. Today the live product is the Terminal closed beta. | | **Terminal** | BETTER's live closed beta interface for Polymarket signal discovery, signal context, and one/two-click copy trading. | | **Copy trade** | A one/two-click trade that replicates a supported signal surfaced inside the Terminal. Copy trades do not guarantee equal fills. | | **Closed beta** | A live but limited release. BETTER's Terminal is live in closed beta; vaults are not live yet. | | **Vault** | A planned BETTER product where user capital is pooled and traded automatically. The first vault is still in progress. | | **`vBETTER`** | A planned receipt token for a future BETTER vault. BETTER may use separate receipt tokens for different vaults. | | **Source chain** | The chain the user starts funding from. BETTER currently supports Ethereum mainnet and Base mainnet. | | **USDC.e** | The Polygon form of USDC that becomes usable for Polymarket trading after BETTER routes a deposit through the funding flow. | | **Sponsored gas** | Trade placement gas that is paid by the trading venue rather than directly by the user. BETTER Terminal trades are gas-sponsored by Polymarket. | ## Access and account terms | Term | Definition | | ------------------- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | | **`$BETTER`** | The BETTER token used to gate Terminal access today and future vault access later. | | **Access gate** | The minimum amount of `$BETTER` required to use BETTER products. BETTER checks this per wallet and per session. | | **Ratchet gate** | BETTER's rule that lowers access thresholds permanently as new fully diluted valuation all-time highs are reached. Once the gate ratchets down, it does not move back up later. | | **FDV** | Fully diluted valuation. A token price multiplied by the total token supply. | | **Lite Mode** | An optional Terminal mode that halves the standard Terminal access requirement and charges a 2% fee on the nominal value of each filled copy trade. | | **Privy** | The login and wallet tooling BETTER uses for session management and access checks. | | **High-water mark** | A fee rule that means BETTER only charges a performance fee on new net profit above the highest value your vault balance has already reached. | ## Funding and infrastructure terms | Term | Definition | | ------------------------- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------- | | **UDA** | Universal Deposit Address. BETTER uses UDA technology powered by Enclave.money so users can fund without manually bridging assets themselves. | | **Enclave.money** | The infrastructure provider BETTER uses for UDA-based liquidity abstraction and cross-chain fund routing. | | **Liquidity abstraction** | The process of moving user capital from a source chain into a form that can actually be used where liquidity lives, without forcing the user to bridge manually. | | **Embedded wallet** | A wallet created or managed inside an application flow instead of only through a browser extension wallet. | | **Polygon mempool** | The stream of pending Polygon transactions that can be watched for trading signals before final confirmation. | | **Co-location** | Running infrastructure close to a trading venue's own systems to reduce latency. | ## Strategy and execution terms | Term | Definition | | --------------------------- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | | **HFT** | High-frequency trading. Very fast, rules-based trading measured in milliseconds or faster. | | **Deterministic execution** | A rule-based execution path where the engine follows fixed logic rather than free-form model output. BETTER uses this for HFT-style flows. | | **BRAID** | **Bounded Reasoning for Autonomous Inference and Decisions.** An OpenServ framework that structures model reasoning into controlled decision steps instead of vague free-form outputs. | | **OpenServ** | BETTER's GTM partner and incubator. BETTER uses OpenServ's BRAID framework in its longer-timeframe decision layer. | | **Reasoning DAG** | A structured flow of decision steps used to check whether a trade should proceed. | | **Insider Score** | BETTER's wallet score for signal quality. It is described as a z-score based on the performance of the top 1,000 Polymarket wallets, then normalized with machine-learning methods. | | **Fractional Kelly sizing** | A risk-sizing method that uses only a fraction of the full Kelly bet size to reduce risk. | | **Drawdown (DD)** | The amount of loss from a previous peak. BETTER refers to fixed drawdown tolerance as one of its hard risk controls. | ## Planned vault and ecosystem terms | Term | Definition | | ------------------------- | --------------------------------------------------------------------------------------------------------------------------------------- | | **Enzyme / Enzyme Onyx** | A widely used audited vault framework BETTER plans to use for future vault accounting and receipt-token infrastructure. | | **Batched withdrawal** | A withdrawal model where exits are processed in grouped windows instead of at any moment. BETTER plans to start future vaults this way. | | **Partial withdrawal** | Redeeming only part of a position. BETTER does not plan to support this in its initial vault launch. | | **B2B ingestion product** | A planned BETTER business line for selling prediction-market data ingestion or telemetry infrastructure. | | **OpenRouter credits** | A planned revenue line tied to BETTER's future prediction-market model distribution through OpenRouter. | | **`$TRUTH-PERP`** | A longer-term planned product described as a synthetic index for prediction-market exposure. | | **HIP-3** | The Hyperliquid Growth Protocol path referenced in BETTER's longer-term `$TRUTH-PERP` vision. |