Glossary
This glossary is written for players and liquidity providers. Definitions are kept plain-language and focused on how SKNK works in the app.
Player and App Terms
.sknk Name
A human-readable username used inside SKNK (for example, yourname.sknk) so users can find each other more easily than with long wallet addresses.
Account History
The in-app activity feed showing transactions and actions such as tickets, wins, transfers, and swaps.
Claim
The action that moves available game winnings from a game flow into your withdrawable balance flow.
Deposit
Adding funds to your SKNK balance, either through the app flow or by transferring supported assets to your wallet address.
Game Balance
Funds tracked for a specific game/caller context. These balances are separate from your wallet holdings and can require a game claim flow before withdrawal.
Holdings
The wallet view of assets currently held in your account.
SKNK App
The main user interface where players sign in, manage wallets, play games, and use social features.
Stake
The amount you put at risk when opening a ticket or starting a game round.
Wallet
Your account layer for storing and managing assets, sending funds, and interacting with SKNK features.
Win Chance
The probability of winning for a selected play setup. Higher win chance usually means a lower payout multiple.
Withdrawal
Moving funds out to your wallet destination. Some winnings must be claimed from the game flow first.
Gameplay Terms
Ticket
A gameplay position opened against SKNK liquidity using a chosen token, stake, and win chance.
Ticket Status
The lifecycle state of a ticket, typically moving from pending toward resolution and confirmation.
Potential Payout
The estimated amount returned if a ticket or round wins, based on your selected stake and chance.
Provably Fair
A model where outcomes can be verified from on-chain logic and randomness rather than trusted as a black box.
VRF (Verifiable Random Function)
Cryptographic randomness used to resolve outcomes in supported games so results cannot be predicted or manipulated beforehand.
Liquidity Provider (LP) Terms
Liquidity Provider (LP)
A user who supplies token pairs into pools that power swaps and game liquidity.
Liquidity Pool
A smart contract pool holding two assets. Players and traders interact against this shared liquidity.
Pair
A specific two-token pool (for example, WETH/USDC).
LP Token
The receipt token representing your ownership share of a pool.
Pool Edge
The built-in advantage of the pool over player tickets across many rounds, which supports LP returns over time.
Swap Fee
The fee paid on swaps in the pool, distributed to LP positions according to their share.
TVL (Total Value Locked)
The total value of assets currently supplied into pools.
Impermanent Loss
The value difference LPs can experience versus simply holding tokens, caused by price movement between pooled assets.
Remove Liquidity
The process of exiting an LP position by burning LP tokens and withdrawing your share of pool assets.
Finalize (LP Withdrawal)
The final step that releases remaining withdrawable funds after pending liabilities are resolved.
Protocol Terms (Useful Context)
Base
The blockchain network SKNK is built on.
ERC-20
The common token standard used for most fungible tokens on EVM-compatible chains.
WETH
Wrapped ETH, an ERC-20 representation of ETH used in token-based contract flows.
SLPHub
The core protocol contract that handles ticket entry, balance accounting, and player-facing protocol interactions.
Settlement
The process that finalizes ticket outcomes and reconciles pool liabilities safely.
Settlement Manager
The contract component that tracks open liabilities and controls safe release of funds back into active pool balances.
Reserves
The active pool funds used for pricing and normal swap activity.
Ringfenced Funds
Pool funds temporarily set aside to cover potential ticket payouts.
Pending Funds
Funds awaiting settlement completion before they can be returned to active reserves or finalized for exits.