A daily crypto, finance, and AI vocabulary grouping puzzle focused on protocol economics, collateral stress, agent permissions, and compute verification.
Protocol Revenue Metrics
These metrics help explain gross fees, net protocol revenue, incentives, and fee capture without implying investment value.
Gross Protocol FeesNet Revenue ShareIncentive Emission CostFee Capture Ratio
- Gross Protocol Fees: Gross protocol fees are the total fees generated by protocol activity before incentives, rebates, expenses, or revenue sharing.
- Net Revenue Share: Net revenue share is the portion of revenue allocated after subtracting costs or payments defined by a protocol's accounting rules.
- Incentive Emission Cost: Incentive emission cost estimates the value of rewards distributed to encourage protocol usage or liquidity provision.
- Fee Capture Ratio: A fee capture ratio compares retained protocol revenue with the total fees generated by users or transactions.
Macro Collateral Stress
These concepts describe liquidity shocks, collateral discounts, funding spreads, and volatility scenarios used in risk analysis.
Liquidity Shock ScenarioCollateral Discount RateFunding Spread WideningVolatility Stress Test
- Liquidity Shock Scenario: A liquidity shock scenario models a sudden decline in available market liquidity or funding capacity.
- Collateral Discount Rate: A collateral discount rate reduces collateral value in stress analysis to account for sale costs, volatility, or market depth.
- Funding Spread Widening: Funding spread widening describes an increase in the extra return lenders demand above a reference rate.
- Volatility Stress Test: A volatility stress test examines how positions, collateral, or systems behave under unusually large price movements.
Agent Tool Permissions
These permission terms describe allowlists, scoped keys, approval workflows, and action logs for AI agents using external tools.
Tool AllowlistScoped API KeyApproval-Required ActionPermission Audit Log - Tool Allowlist: A tool allowlist defines which external tools or actions an AI agent is permitted to use.
- Scoped API Key: A scoped API key grants access only to specified operations, resources, environments, or spending limits.
- Approval-Required Action: An approval-required action is a tool call or operation that must pass a human, policy, or multi-signature check before execution.
- Permission Audit Log: A permission audit log records which permissions were granted, used, denied, changed, or revoked during agent operation.
Verifiable AI Compute
These compute-verification terms describe execution hashes, environment proofs, output commitments, and challenge-based review.
Execution HashTrusted Runtime ProofOutput CommitmentCompute Dispute Period
- Execution Hash: An execution hash is a cryptographic digest that represents the inputs, code, or state of a compute run.
- Trusted Runtime Proof: A trusted runtime proof provides evidence that a workload ran in an expected software or hardware environment.
- Output Commitment: An output commitment is a recorded value that lets others later verify that a reported output has not been changed.
- Compute Dispute Period: A compute dispute period is the window during which participants can challenge whether a reported compute result is valid.