Resources
The glossary.
Glossary of Obol and Uniswap terms: ladders, bins, shapes, ticks, tick spacing, fee tiers, PoolKey, impermanent loss and more.
Every term used in the app and in these docs.
| Term | Meaning |
|---|---|
| Ladder | A set of Uniswap positions (bins) opened together across a price range, managed as one position. |
| Bin | One slice of the range, backed by its own Uniswap position. |
| Shape | The weights that decide how much of the deposit each bin receives (Spot, Curve, Bid-Ask). |
| Range | Min and max price (or market cap) covered by a ladder. |
| In range | The pool's current price is inside the ladder's range. |
| Active bin | The bin containing the current price; the only one that holds both tokens. |
| Single-sided | A deposit of only one token of the pair. |
| Quote token | What the token is priced in: ETH, WETH or USDG. |
| Tick | A point on Uniswap's price grid; tick i = price 1.0001^i. |
| Tick spacing | Minimum distance between usable ticks in a pool; bins are multiples of it. |
| Fee tier | The swap fee a pool charges, paid to the liquidity used. |
| Protocol fee | 7.5% of LP fees, sent to the Obol treasury. |
| Price guard | minTick / maxTick: the slippage bound enforced on-chain when opening. |
| PoolKey | The five fields that identify a Uniswap V4 pool. |
| PoolManager | The Uniswap V4 singleton contract holding every V4 pool. |
| NonfungiblePositionManager | The Uniswap V3 contract that mints positions as NFTs. |
| Impermanent loss | The value difference between providing liquidity and simply holding the tokens. |
| ERC-4626 | Standard for tokenized vaults, used by the vaults behind Stakes. |
