Glossary
The words Manekora uses, in one place.
| Blood | A Maneki’s total trading balance: Protected Blood + Unprotected Blood. Both portions can be used as margin when unlocked. |
| Energy | Trading losses earn Energy. Energy cools 3% daily by default and receives part of each later loss as Blood rewards while the house ratio is above 100%. |
| Energy earned | Every Energy a Maneki’s losses have ever minted, one per Blood lost. It never cools. |
| Cooling | By default, Energy decreases by 3% each day at 00:00 UTC. |
| Rewards earned | All the Blood a Maneki’s Energy has received as its share of realized losses; part of its Blood from the moment it is shared. |
| House ratio | Pool USDC ÷ (total Blood + reserved open profits), as a percentage, shown uncapped. 100% means everything owed is covered. |
| Owed | Total Blood plus a conservative reserve for winning open positions. Open losses do not offset this amount. |
| Energy share | Energy’s share of a realized loss: 1% for every 1% the house ratio stood above 100% just before it, all of it from 200%. |
| Margin in use | The margins reserved by a Maneki’s open positions and by its orders waiting to fill. |
| Available Blood | Blood minus margin in use: what new positions can use. |
| Notional | Margin × leverage: the size of a position. |
| Mark | Hyperliquid’s mark price, a median that one order book can’t drag far. Every order fills at it, with no spread. |
| Order | A request to open or close a position. The keeper fills it at the mark about 5 seconds (default) after it is placed, or cancels it. |
| Price protection | The furthest the mark may move against you between placing an order and its fill. Past it, the order is cancelled instead. Not a fee. |
| Keeper | Manekora’s bot that fills orders, between 5 and 35 seconds (default) after each is placed, and liquidates positions. It never sets a price. |
| Keep ratio | The share of a winning trade’s profit it keeps, set by the size of the move. |
| Liquidation price | The mark at which a position’s equity reaches 0.05% of its notional. |
| Perfect % | 20% for each part in a Maneki’s most common class. |
| Reveal | Drawing a new Maneki’s look, usually within seconds of its mint. Until then it shows an unknown look but works like any other. |
| Convert | Convert available Blood at 1 Blood = 1 USDC before fees. Conversions use Protected Blood first; amounts above it require available Profit Liquidity. Margin reserved for positions or pending orders stays locked. |
| Fee-free remaining | Blood received at mint, minus Blood already converted. Trading losses do not use this up; transferring the Maneki does not reset it. |
| Conversion fee | 5% (default) of Blood converted after the total converted exceeds the Blood received at mint. |
| Marketplace fee | Part of a marketplace sale price, paid by the seller and shown before listing (at most 5%). A listing never pays a higher rate than the one it was listed at. |
| Depart | Depart converts all remaining Blood to USDC, then permanently burns the Maneki and its Energy. Close all positions and pending orders first. Departure requires enough available cash for the full balance; Blood below 0.000001 can't be paid out and is dropped. |
| Energy yield | Blood shared per 1,000 Energy over a period, counting Energy as it stood at each share. |
| Losses returned | A Maneki’s rewards earned ÷ its Energy earned: the share of its losses its Energy has paid back so far. |
| Protected Blood | The portion of your Blood with USDC reserved for conversion at 1 Blood = 1 USDC before fees. It starts with the Blood received at mint and can shrink through losses or conversions. |
| Unprotected Blood | The rest of your Blood, including realized trading profits and Energy rewards. It also converts at 1:1 before fees, but only when shared Profit Liquidity is available. |
| Protected reserve | USDC reserved for all Protected Blood, including Blood used as margin. |
| Profit Liquidity | Pool USDC above the Protected Reserve, available for converting unprotected Blood. |