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

# Glossary

> Key terms used on the Shareland exchange.

<ResponseField name="SQFT Token">
  The Square Foot Token. Shareland's core trading instrument. Each token represents synthetic price exposure to the \$/sqft value of a specific real estate market or neighborhood.
</ResponseField>

<ResponseField name="Oracle">
  The data engine that publishes a reference price for each SQFT market by aggregating real estate transaction data and listing prices. Developed with Dr. Susan Wachter (Wharton School) and Dr. Andrey Pavlov (Simon Fraser University).
</ResponseField>

<ResponseField name="Market">
  A tradeable geography on Shareland: a specific neighborhood, city, or region. Each market has its own SQFT token and price feed.
</ResponseField>

<ResponseField name="Synthetic Asset">
  An instrument that tracks the price of an underlying asset without requiring ownership of that asset. SQFT tokens are synthetic. They track real estate prices without you owning property.
</ResponseField>

<ResponseField name="Position">
  The SQFT tokens you currently hold in a specific market. Your portfolio is made up of all your open positions.
</ResponseField>

<ResponseField name="Collateral">
  USDC deposited to secure a mint (borrow) position. Shareland requires a minimum collateralization ratio (MCR) of 110%. If your ratio drops to 110%, your position is automatically liquidated. Recommended minimum is 120%.
</ResponseField>

<ResponseField name="Mint">
  The creation of new SQFT tokens by locking USDC collateral. Minting is how you open a borrow/short position. You deposit USDC and receive newly created SQFT tokens.
</ResponseField>

<ResponseField name="Burn">
  The destruction of SQFT tokens by returning them to the protocol to unlock your deposited USDC collateral. Burning is how you close a mint (borrow) position.
</ResponseField>

<ResponseField name="Staking">
  Depositing both SQFT tokens and USDC into a market's liquidity pool to earn USDC yield from trading fees. You receive LP (liquidity provider) tokens in return. LP positions carry different risk characteristics than simply holding SQFT.
</ResponseField>

<ResponseField name="Season">
  A time-limited loyalty program period on Shareland. Season 2 ran from late 2025 through May 2026. Future seasons have not been announced.
</ResponseField>

<ResponseField name="Unrealized P&L">
  The gain or loss on a position you haven't yet sold. It becomes "realized" when you sell.
</ResponseField>

<ResponseField name="Market Halt">
  A temporary pause in trading triggered when Shareland detects suspicious activity or anomalous pricing. Used to protect marketplace health. Your tokens remain in your wallet and are unaffected during a halt.
</ResponseField>

<ResponseField name="Privy">
  The wallet infrastructure Shareland uses for secure, non-custodial key management. You control your keys. Shareland never holds custody of funds.
</ResponseField>

<ResponseField name="Base">
  The Ethereum L2 blockchain Shareland runs on, built by Coinbase. All transactions settle on Base.
</ResponseField>

<ResponseField name="Tycoon">
  Shareland's AI agent. Provides market intelligence, real estate analysis, and portfolio strategy. Available as a chatbot on X (Twitter). More capabilities planned as part of Tycoon's product roadmap.
</ResponseField>

<ResponseField name="$TYCOON">
  The utility token for the Tycoon AI agent. Holders receive discounted fees, early market access, staking allocation, and benefit from a buyback-and-burn mechanism. Available on Virtuals Protocol.
</ResponseField>

<ResponseField name="Liquidity">
  The ability to buy or sell tokens quickly without significantly affecting the price. Shareland maintains liquidity through its market infrastructure.
</ResponseField>

<ResponseField name="ACP (Agent Commerce Protocol)">
  The protocol enabling agent-to-agent coordination in the Virtuals ecosystem. Tycoon uses ACP to allow other agents to deploy capital into Shareland strategies.
</ResponseField>