> For the complete documentation index, see [llms.txt](https://docs.div.fun/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.div.fun/getting-started/key-concepts.md). # Key concepts A short reference for the terms used throughout these docs. Each has a fuller explanation in [Core concepts](/core-concepts/dividend-tokens.md). | Term | Meaning | | --------------------------- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | | **Dividend token** | A fee-on-transfer ERC-20 launched on div.fun. A share of every trade is distributed to holders. | | **Reward asset** | The asset a token pays dividends in. Chosen by the creator at launch — HYPE, a stablecoin, or a tokenized stock. Fixed for the life of the token. | | **Bonding curve** | The automated market that prices a token before graduation. Buys raise the price along a formula; no order book is needed. The dividend tax is active throughout the curve phase. | | **Graduation** | The moment a token's curve reaches its target and its liquidity moves to a HyperSwap V2 pool. The LP tokens are burned at graduation, permanently locking the liquidity. The token then trades on the open market. Dividends are paid from the first trade, including during the bonding curve phase. | | **Dividend tax** | The percentage of each trade's volume set aside for distribution — 1–10%, default 5%. Collected tax is split between the creator and holders per the creator/holders split, both set at launch and fixed for the life of the token. | | **Creator / Holders split** | The ratio in which the dividend tax is divided between the creator and token holders. Set at launch, immutable. Default 50% creator / 50% holders; any ratio from 0%/100% to 100%/0% is valid. | | **Push distribution** | div.fun sends dividends directly to holders' wallets. There is no claim step. | | **Keeper** | The off-chain service that drives distribution and, for stock dividends, the HyperCore order flow. | | **Eligible balance** | The portion of a holder's balance that earns dividends. Some addresses — the pool, the curve, the contracts themselves — are excluded. | | **Burn LP** | The action of sending LP tokens to the dead address, permanently locking the pool. Bonding-curve tokens auto-burn their LP at graduation (\~100%). Direct-liquidity creators receive LP at launch and can burn it in one click from the token page. | | **% burned badge** | A public indicator on every token page showing what share of the LP has been burned. \~100% for graduated bonding-curve tokens; varies for direct-liquidity tokens depending on creator action. | | **HyperEVM** | The EVM layer of Hyperliquid, where div.fun tokens live and trade. | | **HyperCore** | Hyperliquid's spot order book, used to acquire tokenized stocks for stock dividends. | ### The one-sentence version A div.fun token is an ERC-20 that takes a share of its own trading volume — from the very first trade — and pays it to holders as dividends in a real asset, automatically, without a claim step. See the full [glossary](/resources/glossary.md) for more terms. A short reference for the terms used throughout these docs. Each has a fuller explanation in [Core concepts](/core-concepts/dividend-tokens.md). | Term | Meaning | | --------------------------- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | | **Dividend token** | A fee-on-transfer ERC-20 launched on div.fun. A share of every trade is distributed to holders. | | **Reward asset** | The asset a token pays dividends in. Chosen by the creator at launch — HYPE, a stablecoin, or a tokenized stock. Fixed for the life of the token. | | **Bonding curve** | The automated market that prices a token before graduation. Buys raise the price along a formula; no order book is needed. The dividend tax is active throughout the curve phase. | | **Graduation** | The moment a token's curve reaches its target and its liquidity moves to a HyperSwap V2 pool. The LP tokens are burned at graduation, permanently locking the liquidity. The token then trades on the open market. Dividends are paid from the first trade, including during the bonding curve phase. | | **Dividend tax** | The percentage of each trade's volume set aside for distribution — 1–10%, default 5%. Collected tax is split between the creator and holders per the creator/holders split, both set at launch and fixed for the life of the token. | | **Creator / Holders split** | The ratio in which the dividend tax is divided between the creator and token holders. Set at launch, immutable. Default 50% creator / 50% holders; any ratio from 0%/100% to 100%/0% is valid. | | **Push distribution** | div.fun sends dividends directly to holders' wallets. There is no claim step. | | **Keeper** | The off-chain service that drives distribution and, for stock dividends, the HyperCore order flow. | | **Eligible balance** | The portion of a holder's balance that earns dividends. Some addresses — the pool, the curve, the contracts themselves — are excluded. | | **Burn LP** | The action of sending LP tokens to the dead address, permanently locking the pool. Bonding-curve tokens auto-burn their LP at graduation (\~100%). Direct-liquidity creators receive LP at launch and can burn it in one click from the token page. | | **% burned badge** | A public indicator on every token page showing what share of the LP has been burned. \~100% for graduated bonding-curve tokens; varies for direct-liquidity tokens depending on creator action. | | **HyperEVM** | The EVM layer of Hyperliquid, where div.fun tokens live and trade. | | **HyperCore** | Hyperliquid's spot order book, used to acquire tokenized stocks for stock dividends. | ### The one-sentence version A div.fun token is an ERC-20 that takes a share of its own trading volume — from the very first trade — and pays it to holders as dividends in a real asset, automatically, without a claim step. See the full [glossary](/resources/glossary.md) for more terms. --- # Agent Instructions This documentation is published with GitBook. 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