(caller, target, selector) tuple — optionally with pinned calldata words — that a Strategy operator is permitted to execute. Any call not on the allowlist reverts.
Batch. A time window, bounded by a cutoff, into which deposit and redemption requests are grouped. Every request in a batch settles at the same price.
Cutoff (nextCutoffTime). The timestamp at which the current batch closes. After the cutoff, new requests roll into the next batch and the closed batch can be priced.
ERC-20. The standard token interface used by Red Potion fund shares and most supported assets.
External wallet. A whitelisted, user-controlled destination (e.g. a custodian or CEX deposit address) the Fund can push assets to. The Fund cannot pull assets back from it — only its controller can return them.
Fee base asset. The asset whose reported price drives time- and price-based fee accrual (management, performance, protocol) and risk valuation. Always included in every settlement’s price set.
Fund. A single tokenized fund instance: the Fund hub plus its spokes and strategies.
Fund instance. The complete hub-and-spoke cluster for one fund — Fund, FundShare, DepositQueue, RedeemQueue, Oracle, FeeManager, RiskManager, and any strategies.
High-water mark (HWM). The highest share price at which a performance fee has been charged. Performance fees only accrue when the price exceeds the HWM, which then ratchets up.
Hub-and-spoke (star architecture). The design in which the Fund is a central hub and all other fund contracts are spokes that talk only to the Fund, never to each other.
Native ETH. Ether itself (not wrapped). Supported everywhere assets are handled, via the sentinel address 0xEeeeeEeeeEeEeeEeEeEeeEEEeeeeEeeeeeeeEEeE.
NAV (net asset value). The value of a fund’s holdings, reported per share by the Oracle and used to price a batch.
ProxyAdmin. The contract that holds upgrade authority over a proxy. Owned by the proxyAdmin address set at tenant/fund creation. ProxyAdmin ownership governs code; roles govern behavior.
Pending report. A submitted but not-yet-accepted NAV price, held through the review window and possibly flagged suspicious.
Reporter. The party (holding SUBMIT_REPORT_ROLE) that submits NAV prices after a batch closes.
Settlement. The Fund.acceptReport transaction that accepts a NAV report, accrues fees, and settles all deposit and redeem batches at one price.
Snapshotted payout. The asset amount a redeem batch is owed, fixed at settlement so later fee/price changes cannot alter it.
Spoke. A fund component (DepositQueue, RedeemQueue, Oracle, FeeManager, RiskManager) that holds no roles of its own and authorizes by calling back into the Fund.
StandaloneStrategy. An allowlisted execution wallet detached from Fund control, used to deploy a fund’s capital on a chain other than the Fund’s. See StandaloneStrategy.
Strategy. A Fund-controlled execution wallet that deploys capital into external protocols through allowlisted calls only. See Strategy.
Suspicious price. A submitted price that breaches a configured safety bound. It stays pending and can only be accepted with a stronger role after review, or rejected and resubmitted.
Tenant. A fund house or organization with its own FundManager, able to launch and control its own funds.
TVL (total value locked). The total value a fund holds, valued in the fee base asset. Can be capped per fund.