Glossary

The words Manekora uses, in one place.

BloodA Maneki’s total trading balance: Protected Blood + Unprotected Blood. Both portions can be used as margin when unlocked.
EnergyTrading 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 earnedEvery Energy a Maneki’s losses have ever minted, one per Blood lost. It never cools.
CoolingBy default, Energy decreases by 3% each day at 00:00 UTC.
Rewards earnedAll 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 ratioPool USDC ÷ (total Blood + reserved open profits), as a percentage, shown uncapped. 100% means everything owed is covered.
OwedTotal Blood plus a conservative reserve for winning open positions. Open losses do not offset this amount.
Energy shareEnergy’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 useThe margins reserved by a Maneki’s open positions and by its orders waiting to fill.
Available BloodBlood minus margin in use: what new positions can use.
NotionalMargin × leverage: the size of a position.
MarkHyperliquid’s mark price, a median that one order book can’t drag far. Every order fills at it, with no spread.
OrderA 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 protectionThe furthest the mark may move against you between placing an order and its fill. Past it, the order is cancelled instead. Not a fee.
KeeperManekora’s bot that fills orders, between 5 and 35 seconds (default) after each is placed, and liquidates positions. It never sets a price.
Keep ratioThe share of a winning trade’s profit it keeps, set by the size of the move.
Liquidation priceThe 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.
RevealDrawing a new Maneki’s look, usually within seconds of its mint. Until then it shows an unknown look but works like any other.
ConvertConvert 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 remainingBlood received at mint, minus Blood already converted. Trading losses do not use this up; transferring the Maneki does not reset it.
Conversion fee5% (default) of Blood converted after the total converted exceeds the Blood received at mint.
Marketplace feePart 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.
DepartDepart 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 yieldBlood shared per 1,000 Energy over a period, counting Energy as it stood at each share.
Losses returnedA Maneki’s rewards earned ÷ its Energy earned: the share of its losses its Energy has paid back so far.
Protected BloodThe 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 BloodThe 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 reserveUSDC reserved for all Protected Blood, including Blood used as margin.
Profit LiquidityPool USDC above the Protected Reserve, available for converting unprotected Blood.