Glossary

You fit use this glossary to sabi words wey relate to Injective.

Active set

Validators wey dey involved for agreement and collect rewards. Active set na the gang wey dey always active for Injective. Dem dey like the MVPs wey dey collect rewards for their hard work. If dem be footballers, dem go dey the starting lineup.

Airdrop

Na better things like money wey dem dash to people through some validators, e dey different from staking rewards. Normally, na applications for Injective ecosystem wey dey dash airdrops dey popular pass. Airdrops na like Christmas for crypto. E dey happen when you least expect am. Na free tokens dem dey distribute, so if you see one, just dey collect like jollof rice.

Arbitrage

This na process wey people use collect money and e depend on wetin price for the current market be. People fit buy assets for one market and sell am for another market for higher price.

Blockchain

This na one kind ledger wey no fit change, and dem dey copy am for different computer systems wey dey independent.

Blocks

Parole of story wey dem keep for blockchain. Each block get transactions wey dem group, verify, and sign by validators.

Bonded validator

Validator wey dey the active set wey dey involved for agreement and dey collect rewards.

Bonding

When person give or join INJ to one validator, so e go fit follow share staking rewards. Validators no get ownership of person's INJ, even when e dey bonded. Delegating, bonding, and staking na almost the same process.

Burn

This na permanent destruction of assets. Injective dey burn INJ after each burn auction. E dey like when NDLEA burst Pablo, everything suppose go down nau.

Burn Auction

This na weekly market wey community members fit use INJ bid for 60% of all money wey Injective collect from their own market. The INJ wey the winning bidder use go dey burnt.

Commission

This na the percentage of staking rewards wey one validator chop before e share the rest of the rewards to delegators. As your odds dey enter na you dey decide wetin your boys for street go collect. The money wey validator dey collect na from this commission. Validators fit set their own commission rates.

Community pool

This na special fund wey dem set aside to fund community projects. Any community member fit create one proposal for governance to spend the tokens for the community pool. If the proposal pass, the funds go dey used as dem talk for the proposal. Nobody go carry your money buy Lambo for here.

Consensus

This na way wey validators or miners dey use agree say each block of wetin dey happen for one blockchain dey correct. Injective dey use Tendermint consensus framework. Validators dey earn rewards as dem take participate for consensus.

Cosmos-SDK

This na open-source framework wey Injective blockchain dey build on. You fit check the Cosmos SDK Documentation for more information.

CosmWasm

The library wey Injective use to power on-chain smart contracts. You fit check the CosmWasm Documentation for more information.

dApp

Decentralized application. This na application wey dem build for decentralized platform. Decentralized platform na one kind platform wey no get central control or authority. For decentralized platform, power and control dey distribute among plenty nodes or participants wey dey the network, no one where person get everything.

DDoS

Distributed denial of service attack. Na when attacker flood one network with traffic or requests to disrupt the service.

DeFi

Decentralized finance. One movement wey dey move from traditional finance go systems wey no need financial intermediaries. Financial intermediaries be like people or organizations wey dey link two parties wey wan do financial transactions. Dem dey help transfer money, assets, or financial products between people wey wan invest or save money and people wey need loans or other services. E be like e don commot suit and tie, e dey wear jeans and T-shirt. No banks or big man control am, e dey for everybody.

Delegate

When delegators add their INJ to one validator's stake to collect rewards. The INJ wey dem delegate dey bonded to the validator. Validators no get ownership of person's INJ, even when staking.

Delegator

One user wey dey delegate, bond, or stake INJ to one validator to collect rewards. Delegating, bonding, and staking na almost the same process.

Devnet

Development network. One network wey e dey operate apart from the mainnet, and e allow users test new features or products without disturbing the main network.

Frequent Batch Auction (FBA)

The model wey Injective dey use for on-chain order matching, wey we fit call "Frequent Batch Auction" (FBA) for pidgin, dey help manage orders and trades for the platform. This model sabi use capital (money) better than the one wey most centralized exchanges dey use, wey be "Continuous Double Auction" (CDA). The FBA model also stop the possibility of "front-running."

Front-running dey happen when some people take advantage of information wey dem get ahead of others for trading. Dem fit do this for traditional markets and crypto markets.

For the FBA model, orders dey grouped into batches and dey match frequently, e dey reduce the possibility of front-running. E also dey use capital more efficiently than the Continuous Double Auction wey others dey use. This FBA model na one key feature of the Injective platform wey make am unique. No front-runners fit follow chop soup for this market.

Full node

One computer wey dey connect to Injective mainnet wey fit validate transactions and interact with Injective. All active validators run full nodes.

Gas Fees

Na Computer fees wey dem add for all transactions to avoid spam. Validators dey set gas money and dem reject transactions wey carry implied gas prices wey dey below this threshold. Gas fees be like the money wey you suppose pay for 'okada' to waka you reach your destination for the blockchain. If you no pay well, e fit carry you halfway.

Governance

Governance na the democratic process wey allow users and validators make changes to Injective. Community members fit submit, vote, and implement proposals. One staked INJ na one vote. E be like 'palava' for family meeting. Everybody fit put mouth on how dem wan run things. E no dey like one-man show, no Emi Lo kan.

Governance proposal

Na Letter wey dem dey write for one change or addition to Injective protocol. The topics for the letter fit no be the same, from community pool spending, software changes, parameter changes, or any change wey concern Injective. Plenty plenty things.

IBC

Inter-Blockchain Communication. The technology wey allow different blockchains interact with each other. IBC allow assets to fit trade and transact across different blockchains.

INJ

This na money wey Injective dey use as token.

injectived

For oyibo, This is the command-line interface wey dey used for interact with one Injective node.

For more story about injectived, you fit check injectived guides.

Injective core

This one na the main pump for code wey dem use build Injective.

For more information about the Injective core, you fit check Injective core modules.

Injective Hub

This na umbrella wey dey cover platforms for wallets, governance, staking, and INJ burn auctions.

To learn about the features for Injective Hub, you fit visit the Injective Hub guide.

Inactive set

Validators wey no dey the active set. These validators no dey participate for consensus and dem no collect rewards.

Jailed

Validators wey misbehave go dey jailed or excluded from the active set for some time.

Maximum Extractable Value (MEV)

The maximum value wey fit come out from block production for top the standard block reward and gas fees, by including, excluding, and changing the order of transactions for one block.

Injective na MEV-resistant.

Module

One section for the Injective core wey represent one particular function for Injective. You fit visit the Injective core module specifications for more information.

Oracle

One third-party service wey dey enable Injective access external, real-world data. Normally, this one na price feed.

Pool

Groups of tokens. Supply pools represent the total supply of tokens for one market.

Proof of Stake

Na validation method wey blockchains dey use, where validators dey chosen to propose blocks based on the number of coins wey dem hold.

Quorum

The minimum amount of votes wey you need make one election possible. 33% of all staked INJ must vote to meet quorum. If quorum no meet before the voting period end, the proposal go fail, and the person wey propose am go lose e deposit. Quorum na like the minimum number of people wey suppose show face for one party. If dem no reach, the party no go happen. For Injective, 33% of staked INJ suppose show face for voting, or the matter no go follow.

Redelegate

When one delegator wan transfer e bonded INJ to another validator. Redelegating INJ na instant process wey no need 21-day unbonding period.

Rewards

Revenue wey dey generate from fees wey dem give to validators and distribute to delegators.

Self-delegation

The amount of INJ wey one validator bond to themselves. Sometimes dem call am self-bond.

Slashing

Punishment for validators wey misbehave. Validators fit lose part of their stake when dem dey slashed. E be like general market for validators. If dem misbehave, dem fit chop card when dem carry last card. E dey make dem behave well.

Slippage

The difference for the price of one asset between the start and end of one transaction.

Stake

The amount of INJ wey dey bonded to one validator.

Staking

Staking dey work like when you bet sure odds say your team go win for football match. If your team win, you collect rewards. If dem lose, you lose your money. No be 'Ajebota' play, e dey for everyone. When one user dey delegate or bond their INJ to one active validator to collect rewards. The bonded INJ add to the validator's stake. Validators dey use their stakes as collateral to participate for the consensus process. Validators wey get larger stakes dey chosen to participate more often. Validators dey collect staking rewards for their participation. If validator misbehave, their stake fit dey slashed. Validators no get ownership of person's INJ, even when dem dey stake.

For more information about staking, you fit visit the concepts page.

Tendermint consensus

The consensus framework wey Injective dey use. For start, one validator go propose one new block. Other validators go vote for the block for two rounds. If the block collect two-thirds majority or greater for yes votes for both rounds, e go enter the blockchain. Validators wey propose get extra rewards. Each validator wey dem choose to propose na based on their weight. You fit check out the Tendermint official documentation for more information.

Mainnet

Injective's blockchain network wey all transactions dey happen.

Testnet

One version of the mainnet wey dem dey use for test. The testnet no dey use real assets. You fit use the testnet make you sabi transactions and the network generally.

Total stake

The total amount of INJ wey dey bonded to one delegator, wey include their self-bonded INJ. Self-bonded namoney wey dem put. E no dey like MMM, who you wan follow stake sef gats drop something.

Unbonded validator

One validator wey no dey the active set and no dey participate in consensus or collect rewards. Some unbonded validators fit dey jailed.

Unbonding validator

One validator wey wan transition from the active set to the inactive set. An unbonding validator no dey participate in consensus or collect rewards. The unbonding process fit take 21 days.

Unbonded INJ

INJ wey fit dey freely traded and no dey bonded to any validator.

Unbonding

When one delegator decide say e no wan dey with one validator again. The process fit take 21 days. No rewards fit accrue during this period. This action no fit stop once e don start.

Unbonding INJ

INJ wey dey waka from bonded to unbonded. INJ wey dey unbonding no fit dey traded freely. The unbonding process fit take 21 days. No rewards fit accrue during this period. This action no fit stop once e start.

Undelegate

When one delegator no wan bond their INJ to one validator again. The process fit take 21 days. No rewards go follow for this time. This action no fit stop once e start.

Uptime

The amount of time wey one validator dey active for one given timeframe. Validators wey get low uptime fit dey slashed.

Validator

One Injective blockchain miner wey dey check transactions for the blockchain to see if everything set. If road clear and no police, dem go confirm your transaction. Validators dey run programs wey dem call full nodes wey allow dem participate in consensus, verify blocks, participate in governance, and collect rewards. Only the active set of validators fit participate for consensus. Validator na like the referee for the Injective playground. Dem dey blow whistle and keep order for the game. If dem no do well, fans fit vex.

Weight

This na how many sure Injective odds one validator get. Validators wey get higher weights dey selected more often to propose blocks. The weight of one validator also be measure of their voting power for governance.

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