> ## Documentation Index
> Fetch the complete documentation index at: https://docs.dionysus.finance/llms.txt
> Use this file to discover all available pages before exploring further.

# Glossary

> The words we use, in plain language.

**Agent** — the autonomous operator that runs your strategy: planting ranges, rebalancing, harvesting rewards, rotating venues. It holds a narrow, revocable mandate on your vault and nothing more.

**Vault** — a smart contract deployed for you, owned by you. All capital and positions live inside it. One vault per depositor; nothing is pooled.

**Owner** — you. The only address that can move funds out of the vault.

**Operator** — the agent's on-chain role. It may run the strategy inside the vault; it has no path to move funds anywhere but back into the vault or to you.

**Strategy** — the ruleset that decides what the vault holds and how it behaves: Bluechip, Volatile, or your own asset selection.

**Position / range** — liquidity placed in a pool between a lower and an upper price. While the market trades inside the range, the position earns; outside it, it doesn't.

**In range / out of range** — whether the current price sits inside a position's band. Out-of-range positions stop earning until the agent re-centres them.

**Plant** — the agent's first act after a deposit: opening positions in the pools the strategy selects.

**Tend** — ongoing upkeep: re-centring ranges as price moves.

**Harvest** — claiming emissions and trading fees, converting them, and compounding them back into positions.

**Rotate** — moving liquidity between venues when yield migrates.

**Emissions** — reward tokens a venue pays to liquidity providers, on top of trading fees.

**Venue** — a decentralised exchange where liquidity is placed.

**High-water mark** — the value your withdrawals must exceed before any fee applies. Profit is taxed once, never twice. See [High-water mark](/fees/high-water-mark).

**Fee gate** — the single point where fees are charged: the moment value leaves your vault. Nothing is charged inside the vault, ever.

**Price feed** — the oracle price the vault uses to value deposits and withdrawals. If a feed goes stale, fees are **waived**, never guessed.

**In-kind exit** — withdrawing your positions as-is instead of converting to a single asset first.

**Suspension** — a safety state in which automation stops but **exits keep working**. Your funds are never trapped by a pause.

**USDG** — the base stable asset on Robinhood Chain and the default deposit and exit asset.