📘Key Terms

A place for users to look words they may be unsure about in web3

A - E

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

F - L

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

M - Z

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