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

# Glossary

* **Protocol** - The Deriverse Protocol.
* **Token** - The native SOL token or any SPL token registered on the Solana network.
* **Asset Token** - The token that is being traded or exchanged for another token, usually the Base Currency Token, e.g. SOL in the SOL/USDC instrument.
* **Base Currency Token** - The token in which the price of any Asset Token is quoted, e.g. USDC in the SOL/USDC instrument.
* **Base Currency Tokens List** - The list of tokens that can be used as a Base Currency Token.
* **Instrument** - A pair of an Asset Token and a Base Currency Token, e.g. SOL/USDC is referred to as an Instrument.
* **Instrument Spot Pool** - A pool of liquidity consisting from Asset Token & Base Currency Token for the purpose of spot trading via an AMM.
* **Instrument Spot Pool Internal Token** - LP tokens available to be purchased in each Instrument Spot Pool.
* **Perpetual Instrument Options Pool** - Pool for trading options via the AMM mechanism.
* **Perpetual Instrument Options Pool Token** - Perpetual Instrument Options Pool tokens.
* **Client** - Any user interacting with the Protocol.
* **Fees** - A commission-based fee paid by the Client for trading on the Protocol.