Glossary

Clear definitions of key terms and concepts in the Thirdfy ecosystem to help you understand our documentation better.

Quick reference for all the terms you'll encounter in Thirdfy. New to DeFi? Start here to understand the key concepts!

🪙 Token Terms

TFY

The base protocol token. Think of it as your starting point - you can trade it, add it to liquidity pools, or convert it to xTFY (1:1) to unlock governance features.

xTFY

The governance token you get by converting TFY (1:1 ratio). This unlocks staking, voting, and earning rewards. It's like having a "membership card" to all Thirdfy features.

o33

The "autopilot" token. Mint it from xTFY for automated rewards that grow over time. No voting or claiming needed - just hold and watch the value increase through auto-compounding.

Core Concepts

Epoch

Think of this as Thirdfy's "reward week." Each epoch ends Wednesday at 0:00 UTC, when new TFY rewards are distributed and voting resets. Like a weekly payroll cycle.

Gauge

Imagine different funding buckets 🪣 for liquidity pools. Each week, you vote to pour TFY rewards into your preferred buckets. More votes = more rewards for that pool.

Emissions

Weekly TFY tokens that are freshly minted and distributed to liquidity providers. Like a weekly bonus pool that gets shared among participants based on votes.

Rebase

Bonus TFY rewards that come from penalties when people exit early. These get distributed to loyal stakers as a "thank you" for staying committed to the protocol.

🔄 Actions & Activities

Staking

Locking your xTFY to gain voting power and earn rewards. Like putting money in a savings account, but you also get to vote on where weekly rewards go.

Voting

Using your staked xTFY to decide which liquidity pools get weekly TFY emissions. Your votes direct where rewards flow - it's like being on the board of directors.

Liquidity Provider (LP)

Someone who adds tokens to trading pools to help others swap. You earn trading fees + potential TFY emissions if people vote for your pool.

Bribes (Voting Incentives)

Extra rewards offered to encourage votes for specific pools. Pool operators say "vote for my pool and I'll give you bonus tokens!" It's perfectly legal and encouraged.

🔥 Advanced Terms

CLAMM

Concentrated Liquidity Automated Market Maker - Advanced DEX technology that makes trading more efficient. Don't worry about the details - just know it gives you better prices!

Token Burns

Permanently removing TFY tokens from circulation by sending them to a "dead" address. This makes remaining tokens more scarce, potentially increasing their value.

Auto-Compounding

When your rewards automatically get reinvested to earn more rewards, like compound interest. The o33 token does this for you automatically.

Exit Penalty

A 50% fee charged when someone exits xTFY positions early (before vesting period ends). This penalty gets redistributed to loyal stakers as rebase rewards.

🏛️ Governance Terms

Gauge Voting

Weekly activity: Vote to direct TFY emissions to your preferred liquidity pools. Most active form of governance - happens every week.

Revenue Governance

Strategic decisions: Vote on proposals about how protocol revenue gets split between token burns (deflation) and rebases (rewards). Shapes long-term economics.

Voting Power

Your influence in governance decisions, determined by how much xTFY you have staked. More stake = more influence over protocol decisions.

🌐 DeFi Basics

DEX

Decentralized Exchange - A trading platform that runs on blockchain without a central authority. Users trade directly with each other through smart contracts.

Liquidity Pool

A collection of tokens locked in a smart contract that enables trading. Like a community pot that people can trade against instead of needing to find individual buyers/sellers.

Gasless

Transactions that don't require you to pay blockchain fees. Thirdfy covers these costs through various mechanisms, making DeFi accessible to everyone.


🔍 Can't Find a Term?

If you encounter a term not listed here, feel free to:

Ask the Community

Join our Discord or Telegram and ask questions. The community is helpful and welcoming to newcomers.

Check the Guides

Our step-by-step guides often explain terms in context as you learn to use the platform.

Remember: Everyone started as a beginner! Don't hesitate to ask questions - the Thirdfy community is here to help you succeed.