Settlement date convention: T+1 means trade settles one business day later. US equities moved to T+1 in 2024. Blockchain is effectively T+0 — Solana transactions finalize in under 1 second with no counterparty exposure after confirmation.
Comece pela explicação mais curta e útil antes de aprofundar.
Settlement date convention: T+1 means trade settles one business day later. US equities moved to T+1 in 2024. Blockchain is effectively T+0 — Solana transactions finalize in under 1 second with no counterparty exposure after confirmation.
Use primeiro a analogia curta para raciocinar melhor sobre o termo quando ele aparecer em código, docs ou prompts.
Pense nisso como uma mecânica de mercado usada para precificar, rotear ou mover capital em apps de liquidez.
Coloque o termo dentro da camada de Solana em que ele vive para raciocinar melhor sobre ele.
AMMs, roteamento, liquidez, empréstimos e infraestrutura de trading.
Transforme o termo de vocabulário em algo operacional para produto e engenharia.
Este termo destrava conceitos adjacentes rapidamente, então funciona melhor quando você o trata como um ponto de conexão, não como definição isolada.
Use este bloco compacto quando quiser dar contexto aterrado para um agente ou assistente sem despejar a página inteira.
T+Settlement (t-plus-settlement) Categoria: DeFi Definição: Settlement date convention: T+1 means trade settles one business day later. US equities moved to T+1 in 2024. Blockchain is effectively T+0 — Solana transactions finalize in under 1 second with no counterparty exposure after confirmation. Aliases: T+1, T+2, T+0 Relacionados: Atomic Settlement, Clearing and Settlement, Finality (Blockchain)
Use contexto do glossário, relações entre termos, modelos mentais e builder paths para receber respostas estruturadas em vez de output genérico.
Opcional: cole código Anchor, Solana ou Rust para o Copilot mapear primitivas de volta para termos do glossário.
O Copilot vai responder usando o termo atual, conceitos relacionados, modelos mentais e o grafo ao redor do glossário.
Esses ramos mostram quais conceitos esse termo toca diretamente e o que existe uma camada além deles.
Simultaneous, all-or-nothing completion of both legs of a trade (asset + cash) in a single transaction. Eliminates settlement risk. A Solana transaction either fully executes all instructions or reverts completely, making partial settlement impossible by construction.
Two phases of completing a financial transaction. Clearing: reconciling orders and calculating net obligations. Settlement: actual exchange of securities and cash. Traditional markets: T+1/T+2. Blockchain enables atomic settlement — simultaneous instant exchange eliminating counterparty risk.
The guarantee that a confirmed transaction is irreversible and cannot be altered. Probabilistic finality (Bitcoin) means reversal becomes exponentially unlikely over time. Deterministic finality (Solana finalized, Tendermint) provides absolute guarantees after a protocol-defined threshold. Finality time ranges from seconds (Solana) to ~60 minutes (Bitcoin, 6 confirmations).
Estes são os próximos conceitos que valem abrir se você quiser que este termo faça mais sentido dentro de um workflow real de Solana.
Essas entradas são fáceis de misturar quando você lê rápido, faz prompting em um LLM ou está entrando em uma nova camada de Solana.
Simultaneous, all-or-nothing completion of both legs of a trade (asset + cash) in a single transaction. Eliminates settlement risk. A Solana transaction either fully executes all instructions or reverts completely, making partial settlement impossible by construction.
Entradas de glossário só ficam úteis quando estão conectadas. Esses links são o caminho mais curto para ideias adjacentes.
Simultaneous, all-or-nothing completion of both legs of a trade (asset + cash) in a single transaction. Eliminates settlement risk. A Solana transaction either fully executes all instructions or reverts completely, making partial settlement impossible by construction.
Two phases of completing a financial transaction. Clearing: reconciling orders and calculating net obligations. Settlement: actual exchange of securities and cash. Traditional markets: T+1/T+2. Blockchain enables atomic settlement — simultaneous instant exchange eliminating counterparty risk.
The guarantee that a confirmed transaction is irreversible and cannot be altered. Probabilistic finality (Bitcoin) means reversal becomes exponentially unlikely over time. Deterministic finality (Solana finalized, Tendermint) provides absolute guarantees after a protocol-defined threshold. Finality time ranges from seconds (Solana) to ~60 minutes (Bitcoin, 6 confirmations).
Essas entradas vivem ao lado do termo atual e ajudam a página a parecer parte de um grafo maior, não um beco sem saída.
A protocol that enables token swaps using algorithmic pricing against pooled liquidity instead of matching individual buyers and sellers. AMMs use mathematical formulas (typically constant product x*y=k) to determine prices based on the ratio of tokens in a liquidity pool. On Solana, major AMMs include Raydium, Orca, and Meteora.
An AMM design where liquidity providers concentrate their capital within specific price ranges instead of across the full 0-to-infinity range. CLMMs dramatically improve capital efficiency—LPs earn more fees per dollar deposited within their active range. If the price moves outside the range, the position becomes inactive. Orca Whirlpools and Raydium CLMM are leading implementations on Solana.
A smart-contract-held reserve of two or more tokens that enables trading via an AMM. Users deposit token pairs in specified ratios to become liquidity providers and earn trading fees. Pools are identified by their token pair and fee tier. Pool depth (total value locked) determines price impact for trades.
A token issued to liquidity providers representing their proportional share of a pool's reserves and accrued fees. LP tokens can be burned to withdraw the underlying assets. The value of LP tokens changes as the pool's token ratios shift and fees accumulate. LP tokens are often stakeable in yield farming programs for additional rewards.