๐Glossary
Glossary of Intuition terms.
Term | Definition |
---|---|
DID | Decentralized identifier as defined by the W3C DID Spec |
VC | Verifiable Credential as defined by the https://www.w3.org/TR/vc-data-model/ |
Identity | Identities are the smallest units of knowledge in Intuition. Identities are the building blocks that form claims, represented as Subjects, Predicates, Objects, and Claims. All Claims are a composition of Identities, and Claims can be used as Identities in other Claims. |
Claim | Claims are Semantic Triples. Claims are in the form of Subject-Predicate-Object. Composed of Identities. |
Subject | A noun, identified by the name. Serves as a base for other objects. This is the entity that a Claim is about. Example: "Billy is Trustworthy." -> "Billy" is the Subject. |
Predicate | The key in the key-value pair of Predicate: Object. Example: "Billy is Trustworthy." -> "is" is the Predicate. |
Object | The value in the key-value pair of Predicate: Object. Example: "Billy is Trustworthy." -> "Trustworthy" is the Object. |
Confidence | A visual representation of the relative sentiment about an identity based on the total amount staked by attestors. |
Conviction | Conviction represent units of ownership in Identities and Claims. |
Conviction Price | Conviction price is the price of a unit of ownership. |
Position | Your individual position denotes your amount staked or amount of conviction units owned on an identity. |
Attestors | The number of users who have an active position on an identity. |
TVL | Total value locked is the total amount staked on this identity across all attestors. This is a userโs individual % owned of TVL. |
Vault | ERC-4626 Tokenized Vault Standard. |
MultiVault | Extension of ERC-4626 Tokenized Vault Standard. Vaults are referenced by |
Stake | Users can stake on an object to indicate agreement or usefulness. In doing so, users gain partial ownership of the object and receive rewards from its continued utility. |
Counter-Stake | Contrary to staking, users can indicate disagreement with an object by counter-staking. In doing so, users also become partial owners and receive rewards if others oppose as well. |
Fee | The amount that an action costs to perform. |
Atom Fee | The fee paid to Create or Stake on an Identity (Atom). A portion of the Atom Fee pays all holders of the respective Identity's Atom Shares. |
Triple Fee | The fee paid to Create or Stake on a Claim (Triple). A portion of the Triple Fee pays all holders of the respective Claim's Triple Shares. |
Atom Equity Fee | The fee paid to the creator of an Identity, when that Identity is used in a Claim, both on creation and staking. |
Interpretation | A method by which state in the Intuition system is interpreted. Any data can be interpreted any way. However, reusable interpretations and interpretation models enable deeper cooperation between higher-level actors. |
Official Interpretation | An Interpretation that has an officially approved meaning. For example, a Claim having a "hasAccess" Predicate may have an Official Interpretation of granting the user access to something. |
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