📘Key Terms
A place for users to look words they may be unsure about in web3
Admin: The members who are responsible for the shared wallet
Co-Ownership: When two or more individuals share ownership of an asset on Lore.
Contribution: Users who have contributed to a shared wallet
Delegate: The member who is authorized to represent a group
Delegation: The act of delegating NFTs/Tokens/Entire Shared Wallet
Distribution: The collective issuing rewards to members based on their equity
Equity: The ownership % of a shared wallet.
Equity Event: Any event/proposal that will affect equity: funding rounds, exits, disitributions
Equity Management: The process of creating and managing ownership on Lore
Exit: The Group completely paying out the members equity
Gas Credits: Credits issued by the Lore team for gas-less transactions
Group: (2) or more users in a group
Group Deposit: A stage at which Group is raising capital.
Group Management: The management of the Group
Group Vault Valuation: The group's shared wallet total wealth
Group Wallet Platform: Refers to Lore
Inbox: An onchain folder in which transactions received by individuals outside of a funding round are collected
Initiative: A Group interest in an assignment/initiative
Lore: The Co-Ownership Platform
Lore Framework: Refers to the Lore framework and core concept
Lore Vault: A multi-sig wallet built on top of Safe
Member Equity: A individual member’s equity based on contributions
Members: Users who are members of a Group
NFT Valuation: The manual valuation of the Group’s NFTs
Onchain: An initiative/proposal that is stored on a blockchain
Payout: The Group completely paying out the member's equity
Proposals: Refers to a suggestion made by a member of the Group
Refund: A contribution being sent back to the sender
Relayer Transactions: Transactions that are paid for using the gas relayer
Safe: The multi-sig wallet Lore is built on
Shared Wallet: The Lore Wallet
Signer Count: The required number of signatures to complete a proposal
Vault: A Lore Wallet
Vault Valuation: The shared wallet's valuation
Last updated