Glossary
Key terms and concepts used in the Heliox documentation
Terms
17| Term | Definition |
|---|---|
| TOKEN0 | The first token in the configured Heliox trading pair. |
| TOKEN1 | The second token in the configured Heliox trading pair. |
| feeToken1 | The fee token used for plan purchases and cycle credits in the current deployment. |
| Cycle | A state machine that starts (consuming 1 credit), rebalances through multiple calls, and closes when the secured NAV threshold is met. |
| Secured NAV | An internal confirmation metric Heliox checks before a cycle is allowed to close. |
| Equalization | The balancing trade used at cycle start or rollover to move the pair closer to an even starting state. |
| Engine Family | A versioned engine line that vaults select explicitly and roll forward within over time. |
| Engine Version | A specific deployable module within an engine family. New cycles and rollovers can move to newer enabled versions. |
| CONFIG_DELAY | The 1-hour mandatory delay used for queued config changes. Engine registry upgrades have their own activation delay. |
| Check Mode | User setting (1/2/3) that defines which positive side change can trigger a close: TOKEN0, TOKEN1, or both. |
| Rollover | When a cycle threshold is met and credits remain, the old cycle closes and a new one starts automatically. |
| Terminal Close | When rollover is not possible, the active cycle closes permanently. Mode 1 settles to TOKEN0, mode 2 settles to TOKEN1, and mode 3 closes in place. |
| maxTradePctBps | User-set maximum trade size as percentage of portfolio, in basis points (1000–10000 = 10%–100%). |
| maxSlippageBps | Maximum allowed slippage for swaps, in basis points. Enforced per-swap. |
| cycleThresholdBps | The minimum secured NAV gain, in basis points, required for a triggered cycle to actually close. |
| Cooldown | Minimum time between consecutive reBalance calls for a cycle, sourced from the selected engine version rather than one global contract value. |
| Basis Points (bps) | 1 bps = 0.01%. Used throughout for fees, slippage, thresholds, and commission rates. |