> ## Documentation Index
> Fetch the complete documentation index at: https://docs.melt.finance/llms.txt
> Use this file to discover all available pages before exploring further.

# Glossary

> Key terms and definitions used in Melt Protocol

| Term                  | Definition                                                                                        |
| --------------------- | ------------------------------------------------------------------------------------------------- |
| **Melt Asset**        | A Melt Asset — a 1:1 backed HIP-1 token on HyperCore representing a real-world or digital asset   |
| **HIP-1**             | Hyperliquid Improvement Proposal 1 — the native token standard on HyperCore                       |
| **HyperCore**         | Hyperliquid's Layer 1 execution environment with native CLOB trading                              |
| **HyperEVM**          | The EVM-compatible layer on Hyperliquid where Melt contracts are deployed                         |
| **CLOB**              | Central Limit Order Book — the order matching engine used by Hyperliquid                          |
| **Lock & Mint**       | Bridge pattern where source tokens are locked and equivalent tokens are minted on the destination |
| **Smart Buy**         | One-click acquisition of Melt Assets from any chain via aggregated bridging and swapping          |
| **Smart Sell**        | One-click exit from Melt Assets back to any chain                                                 |
| **Direct Mint**       | 1:1 institutional minting pathway for depositing collateral and receiving Melt Assets             |
| **DMM**               | Designated Market Maker — professional entities providing liquidity on the order book             |
| **RWA**               | Real World Asset — tokenized representation of traditional financial assets                       |
| **OFT**               | Omnichain Fungible Token — LayerZero standard for cross-chain tokens                              |
| **OApp**              | Omnichain Application — LayerZero base contract for cross-chain messaging                         |
| **Config Key**        | Keccak256 hash of `(originalToken, sourceEid)` used to identify token configurations              |
| **Source EID**        | LayerZero Endpoint ID identifying a source chain                                                  |
| **Asset Bridge**      | HyperCore precompile address that bridges ERC20 tokens to spot balances                           |
| **Total Return**      | Accumulating model where dividends are reinvested into the token value                            |
| **deBridge**          | Cross-chain protocol used by Melt for Smart Buy/Sell routing                                      |
| **CoreDepositWallet** | Circle's contract on HyperEVM for depositing USDC into HyperCore spot balances                    |
| **MeltDebridgeHook**  | Contract that auto-deposits deBridge USDC into HyperCore, reducing signature count                |
| **MeltFeeController** | Contract for per-user fee overrides, used for market maker integrations                           |