Glossary

This page provides a list of common terms and definitions used throughout this documentation to explain key concepts.

Defined Term	Definition
Change Log	A record of all major changes implemented in kpk-curated products. Each protocol section in this handbook has a dedicated Change Log for full transparency.
Collateral	Assets accepted within curated products to back borrowing or leveraged positions. Collateral parameters (e.g. liquidation thresholds, quotas, oracles) are typically set and/or monitored by kpk.
Earn Pools	kpk-curated passive pools on Gearbox Permissionless (v3.1).
Emergency Admin	A predefined role with the ability to take immediate protective actions (e.g. pausing markets) in response to critical alerts, bypassing timelocks.
Fact Sheet	The one-pager summary of each kpk-curated product, provided on the relevant product page in this handbook, as well as the kpk website.
kpk	For the purpose of all kpk-curated products, kpk Digital Assets Inc.
kpk-curated Products	Pools and vaults hosted by leading DeFi protocols that bring together a diverse range of yield sources and risk profiles, where kpk manages the selection of the underlying assets (collateral) and allocation of funds to “curate” the product.
Liquidation Threshold or LT	The collateral ratio below which a position becomes liquidatable (e.g. on Gearbox). LT is set per collateral asset and determines borrowing capacity and liquidation risk.
Market Configurator	The smart contract through which kpk configures parameters (e.g. collaterals, oracles, debt limits) for curated products on Gearbox, typically controlled through timelocked governance.
Oracle	A data feed that provides price information to smart contracts. Oracles are monitored for liveness, accuracy, and manipulation risk.
Permissions Layer	kpk’s proprietary security framework that strictly scopes the actions curator multisigs can execute, adding an extra layer of control on top of protocol-level role restrictions. See more.
Quota	A Gearbox-specific parameter that limits the total amount of a given collateral that can be borrowed against in a curated market. Quotas are set by kpk to control exposure.
Risk Framework	kpk's proprietary system for evaluating, classifying and monitoring risks that may apply to kpk-curated products
Risk Tier	A kpk-assigned classification reflecting the risk profile of an asset or strategy considered for inclusion in any kpk-curated product.
Timelock	A governance mechanism that enforces a minimum delay between the proposal and execution of critical changes, improving transparency and security.
Utilisation Rate	The share of total pool liquidity that is borrowed. High utilisation rates can affect withdrawal availability and borrowing costs.
Vault	A smart contract that aggregates deposits and manages funds according to a predefined strategy. In Gearbox, vaults correspond to ERC-4626 passive lending pools; in other protocols, they may represent yield strategies or structured products.