| Ape | Buy an index with ETH in one transaction. |
| Redeem | Burn index tokens and receive your share of the basket as ETH (or in kind for a failed leg). |
| Index token | An ERC-20 that represents a share of an index vault, such as MEME500. |
| MEME500 | The official index: PEPE 35%, SHIB 35%, SPX6900 18%, MOG 7%, NEIRO 5%. |
| NAV | Net asset value: the value of the vault's holdings divided by the index token supply. |
| IndexHook | The Uniswap v4 hook that buys and sells the basket and mints and burns index tokens. |
| Uniswap v4 hook | A contract that a v4 pool calls during swaps, letting the pool run custom logic. |
| In kind | Receiving the meme token itself instead of ETH when its sale fails during a redeem. |
| Price impact guard | A check that reverts any leg that would move its pool price by more than 3%. |
| Lock tier | Sprint (7 days, 1×), Season (30 days, 1.5×) or Diamond (90 days, 3×). |
| Reward weight | Amount locked × tier multiplier; your share of locker rewards is your weight over the total. |
| Early exit penalty | 20% × time left / lock length, paid in MEME500 to the lockers who stay. |
| MTF | The planned platform token, with a fixed supply of 1 billion. Launch: TBA. |
| Buyback wallet | A public wallet that receives 15% of trade fees and 25% of yearly fees; once MTF launches, the team uses it to buy back and burn MTF manually. |
| Buyback and burn | Buying MTF with the buyback wallet and sending it to the burn address. Manual and at the team's discretion. |
| Approved list | The on-chain MemeRegistry of tokens an index may hold. |
| Blue chip, Standard, Degen | Listing tiers with different market cap, liquidity and age thresholds. |
| Keeper | An account the owner appoints for bounded maintenance: processing locker rewards (appointed) and rebalancing (none appointed yet). |
| Timelock | A delay between scheduling a change and it taking effect (48 hours for listings, weights and fee routing). |
| TBA | To be announced: not decided or not deployed yet. |
