# Glossary | **Term** | **Definition** | | ----------------------- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------- | | Bonding Curve | The initial pricing mechanism used when a project launches. Price starts low and increases as more SOL is deposited into the curve. Early buyers get better prices. | | Fair Launch | A launch type where 100% of the token supply goes directly to the market. No team or treasury allocations. | | Studio Launch | A launch type that allows studios to reserve up to 40% of the token supply (max 20% team + 20% treasury) with mandatory on-chain vesting. | | Graduation | The moment a project reaches 60 SOL in its bonding curve. It automatically transitions into a permanent Meteora DLMM liquidity pool with locked LP. | | Meteora DLMM | A concentrated liquidity pool on Solana used by Loadout after a project graduates. Provides deeper and more efficient liquidity. | | Project Treasury | The wallet controlled by the studio that receives 4% of every trade. Funds are used for game development, marketing, and operations. | | Loadout Protocol Fee | The 1% fee taken from every trade. This supports platform operations, referrals, and trader rebates. | | Vesting | On-chain mechanism that locks team and treasury allocations over time (6, 12, or 24 months) with a configurable cliff. | | LP (Liquidity Provider) | The liquidity added to the Meteora pool at graduation. On Loadout, this LP is permanently locked. | | Verified Project | Projects manually reviewed and approved by the Loadout team. | | Token Metadata | Token Name, Symbol, Description, and Image. These cannot be changed after the project launches. | | GDD | Game Design Document. A required document that outlines the game’s vision, mechanics, and roadmap. | | Custom Launch | Another name for Studio Launch. | | Simple Launch | Another name for Fair Launch. | | On-Chain | Actions or data stored directly on the Solana blockchain (transparent and immutable). | | Off-Chain | Data stored in our database (e.g. project descriptions, images, team info). | --- # Agent Instructions: Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter: ``` GET https://loadout.gitbook.io/product-docs/resources/glossary.md?ask= ``` The question should be specific, self-contained, and written in natural language. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.