A few useful terms

The words you will encounter while using Pulse.

Wallets, networks, and tokens

Wallet — An app that lets you manage tokens and approve actions with them. Its recovery phrase is a secret list of words that can restore access. Never share those words.

Network — A system that checks and records transactions. Cardano and Midnight are two different networks.

Midnight — The network Pulse runs on.

Cardano — The network you can move supported tokens from and back to using Moonlight Bridge. Transfers on Cardano are publicly visible.

Token or asset — Something you can hold, send, or trade, such as PULSE. The app may use either word.

Wrapped token — A version of a token that works on another network. For example, mPULSE is the Midnight version of PULSE moved through the bridge. The bridge holds the original tokens on Cardano.

Ticker — A token’s short name, such as PULSE. Two tokens can have similar names, so also check the token ID.

Token ID — The unique identifier that tells one token apart from another.

Transaction ID — The reference number for an action sent to a network. Keep it if you need help finding out what happened.

Balances and privacy

Balance — How many tokens you have.

Wallet balance — Tokens held in your connected wallet.

Pulse private balance — Tokens recorded in your private account on Pulse, shown separately from your wallet tokens.

Balance source — Where an action takes tokens from, such as your wallet or your Pulse private balance.

Private note — A private record of who owns some tokens and how many.

Commitment — Public proof of a private note that does not show the note’s private contents.

Nullifier — A marker that stops the same private note from being spent twice.

Swapping, pools, and staking

Swap — Trading one token for another.

Quote — The amounts and fees offered for a swap right now.

Liquidity pool — A shared supply of tokens that people use to make swaps.

Liquidity position — Your share of a pool after you add tokens to it.

Price impact — How much your own swap changes the price. Larger swaps can give you a worse price.

Slippage tolerance — How much less than the quote you are willing to receive if prices move. A higher setting allows a worse price.

Minimum received — The fewest tokens you agree to receive from a swap. A swap that would return less is rejected.

Staking — Putting mPULSE into Pulse’s staking system to earn a share of the revenue it collects. Rewards can change.

Revenue — Money collected by the platform. The chart shows what has been collected, not a promise of future rewards.

Confirmation — The network has checked and recorded a transaction. Pulse watches for this before reporting that an action is confirmed.