> For the complete documentation index, see [llms.txt](https://docs.a51.finance/carbon/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.a51.finance/carbon/a51-v3/guides/carbon-glossary.md).

# Carbon Glossary

Auto-Pool:

A fully customized and automated liquidity strategy created on top of liquidity pools.

Intent:

The controls and customizations defined by the LPs while creating an auto-pool.

Portfolio:

Portfolio is a collection of all the liquidity positions of a user on one or more than one auto-pools.

Tick Spacing:

Refers to the minimum interval between price ticks in a pool, determining the granularity at which liquidity can be concentrated.

Management Fee: 

An upfront fee percentage applied to the capital when LPs withdraw from an auto-pool. 

Platform Fee:

A fee percentage that LPs earn based on the profits their auto-pools generate for other LPs.

Fee Status:

The status of the fee being generated. It could be compounded or claimed.

TWAP: 

Time Weighted Average Price is the average price of an asset over a specific time period, weighted by time.

TWAP Duration: 

The time window for querying the Time-Weighted Average Price (TWAP) 

Quadratic Multiplier: 

Adjusts how quickly the swap fee increases as the price deviates from TWAP. Higher values make the fee more responsive to price changes.