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

# Glossary

> Every domain term used across SimpleFunctions docs — indicators, regimes, theses, risk gates, webhooks.

## A

**Account context** — User-scoped data exposed via `sf me` (theses, intents, keys, portfolio summary). Always redacts secrets.

**Agent harness** — A non-TUI runner that drives `sf agent --headless`, NDJSON in/out.

**adjIY (adjusted IY)** — Implied yield adjusted for spread + slippage at typical liquidity.

**Alert rule** — Server object that fires when a condition on a watched object trips. Conditions: `price_above`, `price_below`, `econ_release`, `gov_action`, `semantic_match`.

## B

**BYOK** — Bring-your-own-key. The cloud portfolio manager encrypts your Kalshi private key with AES-256-GCM client-side and uploads the ciphertext.

## C

**CRI (Cliff Risk Index)** — How "cliff-shaped" a market's resolution payoff is.

**Cross-venue pair** — Kalshi ↔ Polymarket counterpart pair with matching event semantics.

**CVR (Cross-Venue Ratio)** — `cross_venue_gap_cents / price_cents`.

## D

**Dedupe key** — Stable hash on `(rule_id, channel, endpoint_id, window)` preventing duplicate alert deliveries.

**Drawdown halt** — Auto-flip of `execution_mode` to `halted` when `max_drawdown_cents >= max_drawdown_halt_cents`.

## E

**EE (Event Overround)** — Sum of YES asks across all event outcomes. > 100 = book maker margin.

**Edge** — Cents of expected value on a position direction (buy\_yes, buy\_no, sell\_yes, sell\_no).

**Execution mode** — Per-user trading mode: `dry-run` (default), `live`, `halted`.

## F

**Family markets** — Markets in the same event group on the same venue (e.g., all "Who wins 2028" candidates).

**Forum** — Lightweight discussion surface with channels, posts, DMs.

## G

**Gate (risk gate)** — Pre-trade check that blocks orders violating size, exposure, or loss caps.

**Ground truth** — The authoritative source for a fact. For SimpleFunctions: code in this repo, schema, and the live API.

## H

**Heartbeat** — Per-thesis or system-wide self-monitoring loop.

**Headless** — `sf agent --headless` mode: NDJSON tool I/O on stdin/stdout.

## I

**IY (Implied Yield)** — Annualized return-to-resolution at current price.

**Idea** — Daily LLM-generated trade suggestion with quantSignals and provenance.

**Indicator** — One numeric column on `market_indicators` (IY, CRI, OR, EE, LAS, τ, RV, CVR).

**Intent** — Server-side trade intent — "buy this when conditions met" — distinct from a placed order.

## L

**LAS (Liquidity-Adjusted Spread)** — Composite of bid/ask spread + top-of-book depth.

## M

**MCP** — Model Context Protocol. SimpleFunctions exposes 101 tools at `/api/mcp/{transport}`.

## O

**Observability** — One regime signal field summarizing how readable the market is.

**OR (Overround)** — `Σ ask_yes_cents − 100`.

## P

**Portfolio tick** — One run of the autopilot agent loop. Ticks happen on cron (default `0 7,19 * * *`).

**Provenance** — Audit trail: `trace_id`, `cron_run_log`, `health_alerts`.

## R

**Regime** — Categorical label summarizing a market's microstructure state.

**Risk gate** — See *Gate*.

**RV (Realized Volatility)** — Annualized stdev of recent price changes.

## S

**SimpleFunctions Index** — Composite of top liquid markets across themes.

**Skill** — Reusable agent capability: instructions + tools + params, versioned.

**Slug** — URL-safe identifier (`[a-z0-9-]+`, max 60 chars).

**Snapshot** — Compact world-state object designed for agent context windows.

**Strategy** — User-owned long-running instruction for portfolio autopilot.

## T

**τ (tau / tauDays)** — Days remaining until market closes.

**Theme** — Thematic keyword group (`fed_monetary`, `iran_crisis`, etc.) used for cross-event correlation.

**Thesis** — Living causal tree. Lifecycle: create → context → signal → evaluate → augment → publish.

**Trade ideas** — See *Idea*.

**trace\_id** — UUID tagged on every async write for audit reconstruction.

## V

**View (PM view)** — User's own conviction-tagged opinion on a market or theme. Feeds the autopilot prompt.

**Venue** — `kalshi` or `polymarket`.

## W

**Watched object** — Server object representing what you're tracking (ticker / query / URL / text).

**Watchlist** — Collection of watched objects.

**What-if** — Counterfactual analysis on a thesis (`sf whatif`).