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13. Plain-language glossary

  • Cosmo-Local Credit (CLC): The product family, including the CLC App, documentation, and wider commitment-pooling work.
  • CLC App: The progressive web app operated by GEF at cosmolocal.credit.
  • Commitment Pooling Protocol (CPP): The reusable model of curation, valuation, limitation, exchange, and accountable governance.
  • Protocol v1.1.0: The verified public smart-contract release.
  • Commitment Pool: A governed arrangement that admits supported assets and publishes exchange rules.
  • SwapPool: The current token vault and direct-swap contract.
  • Token: An on-chain balance or digital asset. Token mechanics alone do not create a redeemable promise.
  • Voucher: A token or record represented by an issuer as a redeemable commitment under published terms.
  • Offering: A catalog record for goods or services associated with a voucher.
  • Issuer: The party responsible for publishing and fulfilling a voucher commitment.
  • Pool Steward: The accountable structure that publishes and administers Pool rules.
  • Pool exchange rate or quote: A transaction parameter produced by a configured quoter; not proof of cash or redemption value.
  • Pool token-balance cap: The current Limiter maximum for a token held by a Pool. The App may label it “Credit limit.”
  • Pool swap: A direct asset exchange through one SwapPool.
  • Swap settlement: The on-chain transfers and fee accounting completing a Pool swap.
  • Redemption presentment: Returning or otherwise presenting voucher units to the issuer.
  • Fulfillment: The issuer provides the promised good, service, benefit, or other performance.
  • Discharge: A record preventing fulfilled units from being presented again.
  • Proposed execution router: Future software that would authorize and execute routes. The current SwapRouter quotes only.
  • Proposed CLC Network Pool: A future network-level clearing and budget-coordination arrangement.
  • Proposed CLC governance token: A future governance design, not a current App or Protocol v1.1.0 asset.
  • Network rake: A proposed share of Pool fees transferred to a future network budget.
  • Guarantee or insurance: A protection that applies only when an identified party expressly assumes, funds, and publishes it.