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

# Glossary

> Key terms and definitions used in Zenland.

## A

### Agent

A professional dispute resolver who reviews cases and decides how to split escrowed funds. Agents stake funds to participate and earn fees for resolutions.

### Assignment Fee

An optional upfront fee charged by an agent when they are selected for an escrow.

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## B

### BPS (Basis Points)

A unit for measuring percentages. 100 bps = 1%. Used for fee calculations.

### Buyer

The party who creates and funds the escrow. Typically the one paying for goods or services.

### Buyer Protection Time

The period after a seller marks as fulfilled during which the buyer can review before the seller can claim funds.

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## D

### DAO (Decentralized Autonomous Organization)

The community governance structure that owns and controls Zenland. Token holders vote on proposals.

### Dispute

A formal disagreement raised by the buyer, indicating an issue with the delivery.

### Dispute Fee

A fee charged by an agent only when they resolve a dispute.

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## E

### EIP-1167 (Minimal Proxy)

A standard for deploying lightweight clone contracts. Zenland uses this for gas-efficient escrow creation.

### Escrow

A smart contract that holds funds until both parties agree on the outcome.

### ERC-4337 (Account Abstraction)

A standard for smart contract wallets. Powers NYKNYC's gasless transactions.

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## F

### Factory (EscrowFactory)

The main contract that creates new escrow instances. All escrows are deployed through the factory.

### Fulfilled

An escrow state indicating the seller has marked the work as complete.

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## G

### Gas

The fee paid to Ethereum validators to process transactions.

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## L

### Locked Escrow

An escrow created without an agent. Only mutual agreement (or seller refund) can move funds. Based on Satoshi's 2-of-2 escrow design.

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## M

### MAV (Maximum Arbitratable Value)

The maximum escrow value an agent can handle, based on their stake. Calculated as stake × multiplier.

### Minimal Proxy

See EIP-1167.

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## N

### NYKNYC

Zenland's recommended smart wallet. "Not Your Keys, Not Your... Crypto?" Uses account abstraction for gasless transactions.

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## P

### Pending

An escrow state where the seller hasn't yet accepted the terms.

### Permit (EIP-2612)

A gasless token approval standard. Allows approving + transferring in one transaction.

### Protocol Fee

The 1% fee charged by Zenland on escrow creation.

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## R

### Release

The action of sending escrowed funds to the seller, typically when the buyer is satisfied.

### Refund

Returning escrowed funds to the buyer. Sellers can do this unilaterally anytime.

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## S

### Seller

The party receiving payment in exchange for goods or services.

### Split

A mutual agreement to divide escrowed funds between buyer and seller, often used to settle disputes.

### Stake

Funds locked by agents as collateral. Determines their MAV and provides economic security.

***

## T

### Terminal State

A final escrow state (Released, Refunded, Split, Agent Resolved) from which no further actions are possible.

### Timelock

A smart contract that delays execution of DAO proposals, giving the community time to react.

### Treasury

The DAO-controlled wallet that receives protocol fees.

***

## W

### WAD

An 18-decimal fixed-point number format used for internal calculations. Normalizes tokens with different decimals.

### Whitelist

The list of tokens approved by the DAO for use in escrows. Currently USDC and USDT.