Glossary

Term	Definition
Basis	Difference between perpetual price and spot price
Circuit Breaker	Automatic system pause if unusual activity detected
Collateral	USDC backing a position
Liquidation	Automatic position closure due to margin breach
Sharpe Ratio	Risk-adjusted return metric
AlphBanX	Predecessor protocol on Alephium ($2.5M TVL)
Modular Design	Features can scale independently
USDC	Stablecoin used as collateral
Funding Rate	Payment between traders to keep price anchored
Isolated Pools	Separate liquidity pools for each market to contain risk