> For the complete documentation index, see [llms.txt](https://hyperlynx.gitbook.io/hyperlynx-docs/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://hyperlynx.gitbook.io/hyperlynx-docs/resources/glossary.md).

# Glossary

* **Apex** — the top predator tier in The Hunt; scarce and contested. See [Tiers](broken://pages/f6fac02b97ef64383a4231a19845a35cc37bdf2d).
* **Concentrated liquidity** — providing liquidity within a chosen price range for higher fee efficiency. See [Concentrated liquidity](broken://pages/ec16a59aed74a6bb24477bff1894efe8a288c344).
* **Fee tier** — a pool's fee rate (0.05% / 0.30% / 1.00%), set to suit the pair.
* **Genesis** — the first month of The Hunt; a 2× points multiplier for everyone, once.
* **HYPE** — the native gas token of HyperEVM.
* **HyperEVM** — Hyperliquid's EVM chain (chain 999), where Hyperlynx lives.
* **Impermanent loss (IL)** — the value difference between providing liquidity and simply holding the two tokens, caused by price moves.
* **In-range / out-of-range** — whether a liquidity position's band currently includes the price. In-range earns; out-of-range doesn't.
* **The Hunt** — the Hyperlynx points program. See [Overview](broken://pages/dea87a63cfc93a9429c085c2840d966ae77a827a).
* **$LYNX** — the Hyperlynx protocol token (generates at TGE).
* **yLYNX** — staked $LYNX that earns the protocol fee share and auto-compounds.
* **Migration (Open Season)** — bringing liquidity over from elsewhere for a 3× points boost during the migration campaign.
* **Points** — what you earn in The Hunt; convert share-based to $LYNX at TGE.
* **Price impact** — how much your trade moves the pool price; grows with size relative to depth.
* **Referral override** — a percentage of your invitees' points, paid to you. See [Referrals](broken://pages/06c32f542e7809a5006d252469b90b6781b0aed2).
* **Share-based conversion** — your $LYNX = your points ÷ all hunters' points × the committed 300M.
* **Slippage tolerance** — the maximum adverse price move you'll accept on a trade before it reverts.
* **TGE** — Token Generation Event; when $LYNX generates and the airdrop is claimable (\~Q4 2026).
* **The Reveal** — TGE moment when the points→$LYNX conversion is finally shown.
* **WHYPE** — wrapped HYPE, the ERC-20 form of the native token.
* **Fee machine** — Hyperlynx's model: swap fees flow to holders (69% stakers / 31% buyback). See [The fee machine](broken://pages/af3edef66b68bd49077962452cf2e1c77506a047).


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