Canton Network Glossary
Plain-language definitions of Canton Network, Canton Coin, Amulet, the Global Synchronizer, and the AMM trading terms behind OneSwap's live markets.
- Terms defined
- 34
- Categories
- 4
- Last reviewed
- 2026-08-10
15 terms
Canton fundamentals
- AmuletAmulet is the on-ledger instrument name of Canton Coin, the native utility token minted and burned by the Global Synchronizer on Canton Network.
- Canton CoinCanton Coin (CC) is the native utility token of Canton Network's Global Synchronizer, earned through network rewards and burned to pay traffic fees.
- Canton Improvement ProposalA Canton Improvement Proposal (CIP) is the public governance process for proposing and ratifying changes to Canton Network and its tokenomics.
- Canton NetworkCanton Network is a privacy-enabled public blockchain network built on Daml by Digital Asset, designed for regulated financial applications.
- DamlDaml is the smart-contract language by Digital Asset that Canton Network is built on, modeling agreements as contracts between named parties.
- Featured app rewardsFeatured app rewards are Canton Coin minted to providers of featured applications, rewarding the activity their apps bring to Canton Network.
- Global SynchronizerThe Global Synchronizer is Canton Network's shared public interoperability backbone, operated by independent super validators and paid in Canton Coin.
- Participant nodeA participant node is Canton's ledger node: it hosts parties, validates their Daml transactions, and stores only data those parties may see.
- Privacy on CantonPrivacy on Canton is structural: transaction data reaches only the parties entitled to it, with no global broadcast of contract contents.
- SpliceSplice is the open-source codebase behind the Global Synchronizer's applications, including Amulet, the instrument known as Canton Coin.
- Super validatorA super validator is one of the independent entities operating Canton's Global Synchronizer, earning Canton Coin minting rights for the work.
- SynchronizerA synchronizer is Canton's message-ordering service: it sequences and delivers encrypted transactions between participant nodes without reading them.
- Traffic feesTraffic fees are payments in Canton Coin for using the Global Synchronizer's bandwidth; the fees are burned, linking usage to CC supply.
- ValidatorA validator on Canton runs a participant node that verifies transactions for its parties, earning Canton Coin rewards for staying active.
- Validator rewardsValidator rewards are Canton Coin minted to active validator node operators, the issuance share that pays for decentralized participation.
8 terms
Trading mechanics
- AMMAn AMM (automated market maker) is a smart-contract exchange that prices trades from pool reserves with a formula instead of an order book.
- Atomic settlementAtomic settlement executes every leg of a trade as one indivisible transaction: either all transfers complete together or none happen at all.
- DEXA DEX (decentralized exchange) uses smart contracts for exchange and on-ledger settlement; the wallet custody model depends on the venue.
- Indicative rateAn indicative rate is the exchange rate implied by current pool reserves, shown for orientation before a live quote prices your actual trade.
- Pool feeA pool fee is the fixed percentage an AMM pool charges on every swap, retained in the reserves as income for its liquidity providers.
- Price impactPrice impact is how much your own trade moves an AMM pool's price: the gap between the quoted marginal rate and your actual execution rate.
- SlippageSlippage is the difference between a quoted swap rate and the settled rate, caused by other trades moving pool reserves before yours lands.
- Token swapA token swap is a direct exchange of one token for another in a single atomic transaction, priced by a liquidity pool on an AMM exchange.
7 terms
Liquidity and earning
- APRAPR (annual percentage rate) in an AMM pool projects a year of fee income for liquidity providers from recent activity, without compounding.
- Impermanent lossImpermanent loss is the shortfall an AMM liquidity provider takes versus simply holding, caused by pool rebalancing as relative prices move.
- Liquidity poolA liquidity pool is a smart-contract reserve of two assets that traders swap against, with prices set by the ratio of its reserves.
- Liquidity providerA liquidity provider deposits both assets of a trading pair into an AMM pool and earns a share of every swap fee that pool collects.
- LP tokenAn LP token is the receipt a liquidity provider receives for a pool deposit, representing a proportional claim on reserves and accrued fees.
- Pool reservesPool reserves are the current balances of the two assets inside an AMM pool, jointly determining its price and how much depth it can absorb.
- TVLTVL (total value locked) is the USD value of all assets deposited in a pool or protocol, the standard measure of DeFi liquidity depth.
4 terms
Assets on Canton
- CBTCCBTC is a wrapped Bitcoin asset on Canton Network: each unit represents BTC held in reserve, making Bitcoin usable in Canton applications.
- StablecoinA stablecoin is a token designed to hold a fixed value, typically one US dollar, backed by reserves; on Canton, USDCx fills this role.
- USDCxUSDCx is a USDC-backed stablecoin on Canton Network, giving Canton applications a dollar-pegged settlement and trading asset.
- Wrapped assetA wrapped asset is a token on one network representing an asset held in reserve elsewhere, like CBTC standing in for Bitcoin on Canton.
How this glossary works
Durable definitions only
Every entry sticks to mechanics that do not rot: how Canton Network is structured, how its token economy issues and burns Canton Coin, and how AMM pools price trades. Point-in-time numbers live on the market pages instead, where they regenerate every five minutes.
Entries link to each other and to the OneSwap surface where the concept is visible against live pool data, so a definition is never more than one step from the thing it describes.