---
title: "Glossary"
description: "Definitions for the terms used across the Floatout platform docs."
---

> Documentation Index
> Fetch the complete documentation index at: https://docs.floatout.xyz/llms.txt
> Use this file to discover all available pages before exploring further.

# Glossary

This page defines the terms used across these docs, in alphabetical order.

**Activation**
The paid step that deploys your contract and routes builder fees to it.

**Affiliate**
A trader who refers other traders with an invite code.

**Approval (fee approval)**
The one-time signature a trader gives naming the maximum builder fee for a builder code. A trader wallet can hold at most 10 approvals at a time.

**Builder code**
The address Hyperliquid pays builder fees to. After activation, your contract's address becomes your builder code.

**Builder fee**
The per-fill fee Hyperliquid collects for the app that sent the order.

**Builder minimum**
The 100 USDC a builder code must hold in its perps account to earn builder fees. It is delivered to your contract at activation.

**Claim**
The transaction that pays a wallet its published balance from your contract. Anyone can submit a claim. The funds always go to the wallet named in the proof.

**Console**
app.floatout.xyz, where you manage your DEX.

**Contract (BuilderLedger contract)**
The contract deployed for your DEX at activation. It holds accrued builder fees and pays claims against the published root.

**Epoch**
One publication of a root.

**Guardian**
The pause role on your contract, held by your owner wallet. The guardian can pause claims for up to 72 hours.

**Kickback**
The share of the builder fee paid to an affiliate or to a referred trader.

**Ledger**
Floatout's record of who is owed what, computed from recorded fills.

**Outcome markets**
Hyperliquid prediction markets, yes/no and multi-outcome.

**Owner wallet**
The wallet that created the DEX. It is the only wallet that can change it.

**Perps**
Perpetual futures.

**Platform share**
Floatout's share of the gross builder fee after activation.

**Publish**
The act of saving a console change so it goes live on your DEX.

**Root (merkle root)**
The published summary of the ledger the contract pays claims against.

**Slug**
The URL name for your DEX, derived from its display name. The slug is permanent once you create the DEX.

**Starter**
The free plan. Your DEX is live and builder fees go to Floatout.

**Timelock**
The 48-hour delay in front of administrative actions on your contract.

**Trader override**
A per-wallet discount on top of your fee schedule, for perps, outcome markets, or all products. An override can never raise a fee.

Source: https://docs.floatout.xyz/reference/glossary/index.mdx