> For the complete documentation index, see [llms.txt](https://synthesys-2.gitbook.io/synthesys-docs/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://synthesys-2.gitbook.io/synthesys-docs/support/glossary.md).

# Glossary

| Term                    | Definition                                                                                                                                                                           |
| ----------------------- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ |
| **Blacklist**           | An on-chain list of wallet addresses blocked from all token interactions, regardless of whitelist status. Used for sanctions compliance, regulatory freeze orders, and legal holds.  |
| **Burning**             | Permanently destroying fund tokens when a redemption is processed. Executed by the Chainlink DTA smart contract.                                                                     |
| **CCIP**                | Cross-Chain Interoperability Protocol — Chainlink's protocol for secure, compliant token transfers across different blockchain networks.                                             |
| **Chainlink DTA**       | Digital Transfer Agency — Chainlink's audited smart contract suite that handles on-chain transfer agency logic including minting, burning, and investor record management.           |
| **Daily Cut-Off**       | The time by which orders must be submitted to be processed within that business day. Orders received after cut-off are processed the following business day.                         |
| **Fund Token Contract** | A smart contract deployed by Synthesys for each fund, governing token issuance, transfers, and the investor whitelist.                                                               |
| **KYC/AML**             | Know Your Customer / Anti-Money Laundering — the regulatory verification process required before an investor can be whitelisted on the fund token contract.                          |
| **Maker/Checker**       | The dual-approval model used in Mint. The Maker creates or records an action; the Checker independently reviews and approves before execution. No single party can act unilaterally. |
| **Mint**                | Synthesys's tokenised fund management platform providing the UI, API, and integration layer for Transfer Agents and Fund Administrators.                                             |
| **Minting**             | Creating new fund tokens when a subscription is processed. Executed by the Chainlink DTA smart contract.                                                                             |
| **NAV**                 | Net Asset Value — the per-unit price of the fund, published daily by the Fund Administrator.                                                                                         |
| **Pinetree**            | The master distributor on the Synthesys Network. Processes all sub-distributor subscription and redemption orders.                                                                   |
| **Smart NAV Oracle**    | A Chainlink oracle service that delivers the fund's NAV on-chain for use in token quantity calculations. Secured by Chainlink's decentralised oracle network.                        |
| **Sub-Distributor**     | An authorised distribution partner. Routes orders via the Synthesys Network API and manages onward distribution to end investors.                                                    |
| **Synthesys Network**   | The distribution API layer through which sub-distributors submit orders and receive notifications.                                                                                   |
| **Transfer Agent (TA)** | The regulated entity responsible for maintaining investor records, processing subscriptions/redemptions, and managing the on-chain whitelist.                                        |
| **Whitelist**           | An on-chain list of KYC-verified wallet addresses authorised to hold the fund's tokens. Enforced at the smart contract level.                                                        |


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