(caller, target, selector) tuple — optionally with pinned calldata words — that a Strategy operator may execute. Anything else reverts.
Batch. Time window bounded by a cutoff. Deposit and redemption requests in the same batch settle at the same price.
Cutoff (nextCutoffTime). When the current batch closes. After cutoff, new requests enter the next batch; the closed batch can be priced.
ERC-20. Token interface used by fund shares and most supported assets.
External wallet. Whitelisted destination (custodian, CEX deposit address, etc.) the Fund can push to. Fund cannot pull back — only the controller can return assets.
Fee base asset. Asset whose reported price drives management/performance/protocol fee accrual and risk valuation. Always in the settlement price set.
Fund. One tokenized fund instance: Fund hub plus spokes and strategies.
Fund instance. Full hub-and-spoke cluster: Fund, FundShare, DepositQueue, RedeemQueue, Oracle, FeeManager, RiskManager, strategies.
High-water mark (HWM). Highest share price at which a performance fee was charged. Performance fees only accrue above HWM; then HWM ratchets up.
Hub-and-spoke (star architecture). Fund is the hub; other fund contracts are spokes that talk only to the Fund.
Native ETH. Unwrapped ether, via sentinel 0xEeeeeEeeeEeEeeEeEeEeeEEEeeeeEeeeeeeeEEeE.
NAV (net asset value). Value of fund holdings, reported per share by the Oracle and used to price a batch.
Pending report. Submitted NAV price not yet accepted; held through the review window; may be flagged suspicious.
ProxyAdmin. Holds upgrade authority over a proxy. Owned by proxyAdmin set at tenant/fund creation. ProxyAdmin owns code; roles own behavior.
Reporter. Holder of SUBMIT_REPORT_ROLE; submits NAV after batch close.
Settlement. Fund.acceptReport accepts NAV, accrues fees, and settles deposit and redeem batches at one price.
Snapshotted payout. Asset amount a redeem batch is owed, fixed at settlement.
Spoke. DepositQueue, RedeemQueue, Oracle, FeeManager, or RiskManager — no local roles; authorizes via Fund ACL.
StandaloneStrategy. Allowlisted execution wallet not controlled by Fund, for capital on another chain. See StandaloneStrategy.
Strategy. Fund-controlled execution wallet; allowlisted calls only. See Strategy.
Suspicious price. Submitted price outside safety bounds. Pending until accepted with a stronger role or rejected.
Tenant. Fund house with its own FundManager.
TVL (total value locked). Fund value in the fee base asset; can be capped.