# Multiswap Glossary

* **Allocation**: The distribution of tokens in an output, represented as a percentage of each token involved in the transaction.
* **Asset Fee:** A fee charged for using the liquidity of a specific asset, with collected fees being paid to liquidity providers as an incentive.
* **Asset Token:** A token owned by users that represents their holdings.
* **Basis Point**: A unit representing price movements, where one basis point equals 0.01%
* **Fees Paid:** The total fees traders pay liquidity providers for using their provided liquidity.
* **Impermanent Loss (IL)**: A temporary loss experienced by LPs when providing liquidity to a pool in AMMs, occurring when the price of tokens in the pool changes compared to their initial deposit price.
* **Loss Versus Rebalancing (LVR)**: A performance metric that compares the potential returns of holding assets in a pool against returns from periodically rebalancing the assets outside the pool, helping LPs evaluate their investments in an AMM.
* **Minimum Received:** The lowest amount a trader can expect to receive after a trade is executed, accounting for price impact and fees.
* **Pool (LP) Token:** A token representing a liquidity provider's share of the liquidity in a pool
* **Pool Weight:** The proportion of each token in the pool, expressed as a percentage, indicating its relative importance within the pool.
* **Post-Trade Price**: Price that has been calculated **with** consideration for the trade that will be executed
* **Pre-Trade Price**: Price that has been calculated **without** consideration for the trade that will be executed
* **Price Impact:** Also known as slippage, this refers to an asset's price change resulting from a trade execution, which can affect the final received amount.
* **Reserve**: The total liquidity reserves held in the AMM for each token, used to facilitate trades
* **Total Sell Value**: Total value of assets sold to the AMM.
* **Token List**: List of tokens available on Multiswap.
* **Value (After Fees):** The calculated value of a token after accounting for fees, representing the net value received by the trader.
* **Value (Before Fees):** The calculated value of a token before accounting for any associated fees.