Glossary
Account
In Enyxus™, the term “Account” means any exchange/brokerage account that has been connected to the software or any wallet that has been connected.
Action Window
The window in Enyxus™ that opens when a user clicks on a block, allowing them to see detailed information on the block and allows for various functions including Merging, Splitting, Analyzing, and finally Trading the block.
Adjusted Cost
Refers to an individual block’s break-even line as denoted within the block. See Block Anatomy section for detailed depiction.
Arrow Panel
The Arrow Panel is comprised of one or more buttons that open and close windows or panels featuring various functions in the software.
Base Side
A term generally used within APIs provided by exchanges, referring to the side of a trading pair associated with the smaller market cap asset (hierarchy is Fiat/BTC/ETH etc.)
Block Trading
A style of trading where a trader breaks his or her assets into smaller pieces and buys or sells the smaller pieces strategically, in an attempt to reduce the break-even price of remaining pieces.
Block View – (Block Mode)
A key component to the Enyxus™ Platform, where traders can see the inventory they hold of an asset, broken into manageable Trading Blocks.
Break Even
The price point at which a block or group of blocks is neither in profit or loss. This is denoted with a line known as the Break-Even Line within the Enyxus™ platform.
Break Even Line
A horizontal line in the Enyxus™ platform that denotes the price at which the block or blocks of trades will cumulatively result in a profit or loss of exactly 0. Traders may wish to view this line as a strategic point of demarcation in evaluating performance of their trading. The Break Even Line is always calculated in Key Asset, however, when viewing a block or group of blocks by assets other than the Key Asset, the Break Even price will be denoted in the “To” Asset (the asset into which the asset that is being held will/can be traded).
Direct Pair
Two assets that can be traded between each other without the need to trade through any intermediary or “Fulcrum Asset’.
Direct Trade
A trade that involves only a From Asset and a To Asset.
Dust
A term that refers to small portions (portions too small to be tradable) of assets that are left over after a trade, that for whatever reason, were not included in the trade that left them behind. Dust typically refers to portions of assets that result in values of $0.01 USD or less. Dust is a phenomenon that results not from functionality of Enyxus™, but from policies implemented by exchanges and/or brokers regarding issues like “Lot Sizes” at FTX or minimum trade sizes that are prominent at a number of exchanges.
Purchase Cost
The relative amount spent to acquire an asset, priced in any other asset’s value at the time of the acquisition. In Enyxus™, a block of any asset can be traded into another asset for a unit gain/loss. In order to maintain a point of reference, Enyxus™ calculates the value of the asset being acquired, in Key Asset Value (regardless of whether or not the asset has been traded into or out of the Key Asset) so that the relative value of the block at the date and time of acquisition can be simultaneously calculated in all other assets.
Purchase Cost = Entry Price x Units Acquired
Purchase Price
The per unit value of an asset that has been acquired, at the date and time of acquisition, priced in another asset’s per unit value at that same date and time.
Adjusted Cost
The relative amount spent to acquire an asset, priced in any other asset’s value at the time of the acquisition, less profits or losses applied from the sale of other blocks of that same asset. Adjusted Cost = (Entry Price x Units Acquired) – Profits or Losses on past transactions of the same asset.
From Asset
The asset in a pair that is currently held and can/will be traded into the To Asset. In short, the asset you are trading.
Fulcrum Asset
An asset or assets that is/are used to connect assets that do not have a direct trading market on a centralized exchange. This asset is also used for valuation purposes between two assets. For instance, Asset A has a value in USD and Asset B has a unit in USD, therefore Asset A’s value relative to Asset B is calculated through the Fulcrum Asset, USD.
Key Asset
The specified unit of value into which performance metrics are calculated. Generally, most traders will choose a fiat currency like USD or EUR as a Key Asset, but any asset could be selected as the user’s key asset.
Left Quick Functions Bar
On the left side of the Enyxus™ Platform there is a navigation bar that allows users to quickly access the most often used functions and settings that Enyxus™ offers. These include the Matrix View, List View, Performance View, Block View, Quick Merge, % Gain/Loss Setting, Block Arrangement Settings, and Visual Tool Settings, among others.
Matrix List
A collection of assets that a trader wishes to evaluate including their holdings (which are, by default, included in their collection) as well as assets they do not currently hold but intend to watch. In short, it is one’s holdings plus their watch list.
Matrix Wheel
A comparison tool that shows the links between all assets applied to the tool, and assists users in seeing relative equivalencies between the assets that have been included within the tool.
Entry Cost
The value of an individual asset, which has been recorded on the platform at the time of brokerage/exchange account connection with Enyxus™, expressed in any other asset’s relative value at the time of recording on the platform.
Price Average
The average price of the current position. This differs from Break Even, which equals the Price Average plus the sum of all applied sequence profits.
Realized Profit/Loss
A realized gain results from selling an asset at a price higher than the original purchase price, while a realized loss results from selling an asset at a price lower than the original purchase price. In stocks this is generally considered a straight-forward definition, as stocks are rarely transferred without being sold into fiat. However, as cryptocurrencies can be easily transferred off-exchange to other wallets, it is an important distinction to note that a realized gain or loss requires one to actually divest of the asset.
Smart Pair
A pairing of assets that do not have a direct market on an exchange and require another asset (see Fulcrum Asset) to function as a medium within a transaction between the two assets.
Smart Swap
A trade made between two assets, between which, no direct market exists. This occurs most often between assets on centralized exchanges, where no direct liquidity pool is available to facilitate a direct trade (direct swap). Enyxus™ searches the exchanges API to find a token through which both assets in the pair can be traded. This token is referred to as the Fulcrum Asset.
Spill-Over Profits (losses)
The profits or losses accumulated by closed trades in a sequence that can no longer be applied to a Free Position and are thus distributed to other non-free open positions in the same sequence of assets.
Time Entity
An asset or collection of assets, which are all simultaneously recorded on the platform at the time of brokerage/exchange account connection with Enyxus™. These assets, by virtue of being recorded on the platform at a single point in time, each have a respective key asset value associated with the date and time of their recording on Enyxus™, and therefore all belong to the same time entity.
To Asset
The asset in a pair into which the asset that is being held (From Asset) will/can be traded. In short, the asset you will receive.
Trading Sequence
A Trading Sequence is a component of the Block Trading style where a trader breaks his or her assets into smaller pieces and sells each smaller piece strategically, in an attempt to reduce the Adjusted Cost of remaining pieces. A Trading Sequence refers to a group of trades that occur within a particular asset and over a set period of time. A Trading Sequence can include both open and closed trades with a cumulative series of metrics applicable to Break Even. A trading sequence begins when an asset is first entered, and does not end until all units of the asset have been sold and no blocks of the asset remain, or, if a user decides to restart a sequence or trade with sequence mode turned off.
Unrealized Gain/Loss
An unrealized gain/loss results from holding an asset that has experienced a change in price since the time it was purchased. Because the asset is still being held and has yet to be sold into another asset, its gain or loss from the time of purchase has yet to be experienced by the holder.