Glossary

Plain definitions of the words you'll meet in the Floatless app and in these docs, from A to Z. Words in bold are labels exactly as the app shows them.

A

Access Core

The Cleanverse contract that turns USDC into aUSDC on Monad testnet. When USDC reaches your Cleanverse deposit address from a Cleanverse-approved source, Access Core locks it and the same amount of aUSDC is added to your wallet. Its testnet address is 0x8F118338a1fa41E7Fa86Be19A4e8B99Ed58A6EcC.

Adapter

A contract that connects a Morpho vault to the place it puts money. Floatless Savings has one adapter, at 0xCe2b239dD33110f7c662Fe69D394DcA65A7fF1ab, and it supplies AUSD to Morpho's Grove x Steakhouse High Yield AUSD vault. Only adapters approved in Morpho's adapter registry can ever be added.

Address

A wallet's public ID: 0x followed by 40 characters, made of digits and the letters a to f. You share it to receive money, and anyone can look it up in an explorer. Your Floatless address is shown as Your Floatless address in Add money, in groups of four characters.

Agora

The company that issues AUSD.

Allocator

A role on the Floatless Savings vault. The allocator moves money between the vault and its adapter and sets the vault's liquidity path and maximum interest rate. It's a separate operations key held by the Floatless team, and the vault's owner can step in as a backup allocator.

A-Pass

Cleanverse's onchain identity pass for a wallet. It carries the wallet's CVI, and Cleanverse looks it up when Floatless asks whether a wallet is verified. The A-Pass contract on Monad testnet is 0xbA82D189540CaC9DC6FF46B6837CaC1BFdEC58B9.

Approval

A transaction that lets a contract take a set amount of one of your tokens. Before a savings deposit, Floatless asks for an approval for exactly the amount you're depositing, unless the vault already has one that covers it. For email accounts, Floatless's signing service refuses approvals on aUSDC, because they would let regulated dollars move later without a Cleanverse check.

APY

Annual percentage yield, the yearly rate your savings earn with interest compounding. The Floatless Savings card shows the rate after fees. It's Morpho's rate without reward tokens, minus the 10% Floatless fee, and it changes with the market.

AUSD

Agora Dollar, a dollar stablecoin issued by Agora, and the only currency Floatless Savings accepts. On mainnet it's at 0x00000000eFE302BEAA2b3e6e1b18d08D69a9012a. Testnet has its own test version.

aUSDC

Access USDC, Cleanverse's regulated dollar. It's backed 1:1 by USDC and only moves between wallets that hold a valid CVI, and the token itself rejects transfers to unverified wallets. Floatless supports it on Monad testnet only, at 0xaC0893567D43C3E7e6e35a72803df05416C1f20D. In the currency lists it appears as AUSDC.

B

Blockchain

A public record of transactions that many computers keep together and anyone can read. Floatless runs on the Monad blockchain.

C

Chain ID

The number that identifies a blockchain network. Monad mainnet is 143 and Monad testnet is 10143. Each Floatless API reports its chain ID on every response, and the app refuses an API on the wrong network. See Mainnet and testnet.

Circle

The company that issues USDC. The testnet app links to Circle's faucet for test USDC.

Cleanverse

A compliance network that checks identities for regulated digital dollars. It gives verified people a CVI and runs aUSDC, which only moves between verified wallets. Floatless uses Cleanverse's sandbox on Monad testnet.

Cleanverse deposit address

The separate address Cleanverse gives you for aUSDC. USDC sent there from a Cleanverse-approved source turns into aUSDC in your wallet. It isn't your wallet address, which the app shows as Your Floatless address in Add money. On testnet, the Get aUSDC, verified dollars card in Add money shows it once you're verified.

Curator

A role on the Floatless Savings vault that proposes changes: adding or removing adapters, raising caps, and changing fees, gates or allocators. Each change waits 3 days before it can take effect, and the owner can cancel it during that time. The curator is a separate key held by the Floatless team.

CVA

Cleanverse Verified Asset, a token that only moves between wallets with a valid CVI. aUSDC is a CVA.

CVI

Cleanverse Verified Identity, a credential tied to your wallet once you pass Cleanverse's identity check. You need an active CVI to send, receive or mint aUSDC, and so does the person you pay. A CVI can expire or be frozen, and then aUSDC payments are declined.

E

Embedded wallet

A wallet that a provider creates and holds for you, so you never handle the key. If you sign in with email, the Floatless API creates a Privy embedded wallet for you and signs with it through Privy when you confirm an action in the app.

ENS

Ethereum Name Service names, like name.eth. You can type one in Send instead of a 0x address. Floatless looks it up on Ethereum and shows the address before you continue. See Send to an ENS name.

EVM

The Ethereum Virtual Machine, the kind of blockchain software Ethereum uses. Monad is EVM compatible, so its addresses and tokens work the same way as Ethereum's.

Explorer

A website that shows what's on a blockchain: balances, transactions and contracts. The app's links open Monadscan, and MonadVision is another explorer for Monad.

F

Face value

Counting one stablecoin as one dollar. When there's no market price for a stablecoin, Floatless uses face value in your Wallet balance, and Your dollars says so.

Faucet

A service that gives out free test tokens on a test network. See testnet tokens and faucets.

Floatless Savings

The savings vault on Monad mainnet where your AUSD earns interest. It's a Morpho Vault V2 at 0x35277466836C6cdb426F50DDF79db0e043e6bbFe that lends through Morpho's Grove x Steakhouse High Yield AUSD vault, and Floatless takes 10% of the interest it earns. On testnet, the Save tab shows a preview. See Floatless Savings.

Floor

An amount a payment can't take you below. Your spending rules set one with Always keep at least, and each savings goal can set one with Keep protected (optional). Before a payment, Floatless takes the larger of your rules floor and the total of your goal floors in that currency, and declines a payment that would leave you with less of that currency.

G

Gas

Another word for network fee.

H

Holdings

The list of what's in your wallet: each coin you hold, with a dollar value, plus a Savings block when you have money in Floatless Savings. The app calls it Your dollars. Tap your balance on Home to open it.

K

Kuru

A decentralized exchange on Monad. The Floatless API can read Kuru markets and price quotes, and a Floatless adapter contract for Kuru is deployed on testnet. The app doesn't trade through Kuru today.

L

Liquidity

How much money can leave a vault right now. Floatless Savings can only pay out AUSD that Morpho borrowers aren't using, so the Floatless Savings card shows how much can be withdrawn now.

M

Mainnet

The live Monad network, chain ID 143, where tokens are real money. See Mainnet and testnet.

Mandate

The technical name for your signed spending rules. In the code it's called a Funding Mandate. You sign it with your wallet and register it in the registry on Monad, and each new set of rules gets the next version number.

Mera

The passkey wallet library behind passkey sign-in. It turns your passkey into a wallet key on your phone, and Floatless wipes that key from memory after each use.

MON

Monad's own token. Every transaction on Monad pays its network fee in MON, so you need a little in your wallet to send, register rules or move savings. Your Wallet balance counts MON, but Send only sends stablecoins.

Monad

The public blockchain Floatless runs on. It's EVM compatible, and it has a live network, mainnet, and a test network, testnet.

Monadscan

A Monad explorer at monadscan.com, with a testnet version at testnet.monadscan.com. The app's View on Monadscan links and the Explorer button on Profile open it.

MonadVision

Another Monad explorer, at monadvision.com, with a testnet version at testnet.monadvision.com. Floatless's contracts are source-verified there as well as on Monadscan.

Morpho

A lending protocol. Savers put money into Morpho vaults, and borrowers pay interest to use it. Floatless Savings is built from Morpho's Vault V2 contracts, and Floatless only configures them.

N

Network fee

What you pay to have a transaction processed on Monad, charged in MON. Floatless doesn't pay it for you. Before you send a payment, the review shows the Network fee as "Up to X MON", which you pay on top of the amount you send.

O

Offramp

Moving money out of stablecoins into a bank account. Floatless doesn't offer it yet, and Send has no bank option.

Onchain

Recorded on the blockchain, where anyone can check it in an explorer.

Owner

The top role on the Floatless Savings vault, held by the Floatless team. It can replace the curator, cancel a pending change, lower caps and act as a backup allocator right away. It also receives the 10% Floatless fee.

P

Passkey

A sign-in key saved by your phone's passkey manager, which you confirm with your screen lock, like Face ID or a fingerprint. With passkey sign-in, Floatless makes your wallet key from your passkey on your phone, and the key never reaches Floatless's servers.

Privy

The wallet provider behind email sign-in. Privy holds your embedded wallet, and the Floatless API asks Privy to sign for it when you confirm an action in the app.

Productive capital

Money that's earning in Floatless Savings. Home shows it on the Savings card as "In savings". That figure is the vault value of your savings, and the amount you can withdraw at a given moment can be lower.

Protected amount

The amount a savings goal protects, which you enter as Keep protected (optional) in the goal form. Floatless declines a payment that would leave you with less than your goals' protected amounts in that currency, and the goal card on Save shows it as "protected". It guides Floatless's checks and doesn't lock money against transfers made outside Floatless. Elsewhere in these docs it's also called a goal's protected floor.

Q

Quote

The check Floatless runs on a payment before you sign. It covers your balance, your rules and floors, and for aUSDC, Cleanverse. A quote is good for up to a minute, and Floatless checks again right before signing.

R

Registry

The contract that records your spending rules on Monad, called FundingMandateRegistry. It stores a hash, a short fingerprint of your rules, along with their version and expiry date. It only accepts rules sent from the wallet they belong to, signed by that wallet. Mainnet: 0x14077b679274Eb5d8B95c60A5d9E94A68Ea4fDf0. Testnet: 0x127af791F0807584CaEAe5eDDfd8012972E9a3Da.

Regulated dollars

Digital dollars that may only move between people whose identity has been verified. In Floatless that's Cleanverse's aUSDC, on Monad testnet. See Regulated dollars.

S

SafeLock

A Floatless contract that holds AUSD in Morpho until a set date while it earns, then releases it to the beneficiary. It's deployed on Monad mainnet at 0xFEd7EdE137062CBa02628bBd01A2956D354f3Ca5, and the app uses it for scheduled releases. A Chainlink CRE workflow sends due releases when it runs, and anyone can release a due lock. See Proof.

Savings goal

A named target in one currency, with an optional protected floor. Create one with New goal in Save. A goal doesn't keep money apart from your wallet. Its floor is what protects your balance. See Savings goals.

Seed phrase

A list of words that backs up a wallet's key. Floatless doesn't show you one or ask for one. A passkey wallet comes from your passkey, and an email wallet is held through Privy.

Settlement asset

The currency a savings goal is set in, which you pick with Currency in the goal form. It starts as AUSD, and the goal's floor only counts against payments in that currency.

Shares

Vault tokens that stand for your part of a vault. When you add to Floatless Savings, your wallet receives shares, and what they're worth in AUSD grows as interest comes in.

Sign

To approve something with your wallet key. With a passkey, you sign on your phone. With email, the Floatless API signs through Privy after you confirm in the app.

Smart contract

A program that runs on a blockchain. The spending-rules registry, the Floatless Savings vault and tokens like USDC are all smart contracts.

Spending rules

The limits you set and sign: Each payment up to, Each day up to, Always keep at least, the Currencies you can send, and how long the rules last. Floatless declines payments until your rules are registered on Monad, then checks every payment against them before you sign. See Spending rules.

Stablecoin

A digital dollar: a token built to stay worth one US dollar. The mainnet app lists USDC, USDT0 and AUSD, and the testnet app lists test USDC, AUSD and aUSDC.

T

Testnet

Monad's test network, chain ID 10143. Its tokens are for testing and aren't real money. Floatless runs regulated dollars there with Cleanverse's sandbox. See Mainnet and testnet.

Timelock

A waiting period before a change can take effect. On Floatless Savings, every change the curator proposes waits 3 days, so savers can see it coming and leave first, and the owner can cancel it.

Transaction hash

A transaction's ID: 0x followed by 64 characters. After a payment, Floatless shows its hash so you can tap to copy it and look it up in an explorer.

Travel Rule

Rules for regulated transfers that require information about the sender and the recipient to be collected for payments above a set amount. For a settled aUSDC payment, Floatless can fetch Cleanverse's Travel Rule report, a PDF with the sender's identity summary, the transfer's details and the addresses its money came from.

U

USDC

USD Coin, a dollar stablecoin issued by Circle. On mainnet it's at 0x754704Bc059F8C67012fEd69BC8A327a5aafb603. Testnet uses the test USDC from Cleanverse's sandbox.

USDT0

A dollar stablecoin that the app lists as Tether USD. Floatless lists it on mainnet only, at 0xe7cd86e13AC4309349F30B3435a9d337750fC82D.

V

Vault

A smart contract that pools deposits and gives each depositor shares. Floatless Savings is a vault.

W

Wallet

Your account on Monad: an address, plus a key that can sign for it. Floatless sets one up when you first sign in, from your passkey or as a Privy embedded wallet if you use email.