Glossary

BPS (Basis Points) — A unit for expressing fee rates. 1 BPS = 0.01%. 100 BPS = 1%.

Compound — Harvesting accumulated rewards from the underlying farm and re-depositing them into the vault so your share price rises. Done by the admin/compounder; you don't pay per-compound gas.

cp-token — The receipt token issued by a Catpound vault: cpMOTO, cpPILL, cpMCHAD, cpMOTO-OP. Standard OP-20, fully transferable, redeemable at the vault for the underlying.

MOTO / PILL / MCHAD — Tokens in the MotoSwap / OrangePill / Pill-Farm ecosystems. Each has its own Catpound vault.

MOTO/PILL LP — A liquidity provider token from the MotoSwap MOTO/PILL pool. Underlying for the OrangePill MOTO/PILL LP vault.

OP-20 — The OPNet fungible-token standard (the Bitcoin equivalent of ERC-20). Receipt tokens and most Catpound-supported assets follow it.

OPNet — The Bitcoin L1 smart contract platform Catpound runs on. No bridges, no sidechains — real Bitcoin transactions.

OPWallet — The browser wallet for OPNet. Required to use Catpound.

Protocol fee — A flat 10% fee on harvested rewards, taken at compound time and sent to the treasury. Never charged on your principal.

Receipt token — See cp-token.

Share price — The vault's total underlying divided by the total receipt tokens. Rises over time as the vault compounds.

Underlying — The token a vault holds on your behalf. You deposit it, you redeem it.

adminDepositRewards — The admin-only method that injects swept + swapped rewards back into the vault at the end of a compound cycle. Applies the 10% protocol fee split in a single tx.

emergencyUnstake / emergencyWithdraw — Owner escape hatches in the vault that pull liquidity back from the farm and allow users to withdraw even if the farm itself is down.