> For the complete documentation index, see [llms.txt](https://venzofinance.gitbook.io/venzofinance-docs/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://venzofinance.gitbook.io/venzofinance-docs/access.-issue.-operate./glossary.md).

# Glossary

Definitions of the terms used across the Venzo documentation.

| Term                             | Definition                                                                                                                                           |
| -------------------------------- | ---------------------------------------------------------------------------------------------------------------------------------------------------- |
| Venzo                            | The app at app.venzofinance.com where users access, subscribe to, follow and exit Curated Vaults and OTPs.                                           |
| City Protocol                    | The infrastructure that powers Venzo's products, including the Issuance & Operation Layer, Vault as a Service and Tokenization as a Service.         |
| Structured product               | A product that packages a strategy or a basket of assets under defined rules for holdings, valuation, eligibility and exit.                          |
| Curated Vault                    | A pooled vault in which a named curator runs one strategy inside an approved mandate that the contracts enforce.                                     |
| Curator                          | The independent party responsible for a Curated Vault's mandate, disclosures and compliance.                                                         |
| Mandate                          | The assets, venues, actions, limits and terms a Curated Vault's strategy may use.                                                                    |
| Receipt Token                    | The token a participant receives for a Curated Vault deposit, priced at NAV per share.                                                               |
| NAV (Net Asset Value)            | The verified value of a vault's assets less its liabilities and accrued fees. NAV per share is NAV divided by the Receipt Tokens outstanding.        |
| Epoch                            | A settlement window in which all requests settle at one price.                                                                                       |
| Onchain Token Portfolio (OTP)    | A published, rules-based basket of tokenized assets that one transaction buys into the participant's own smart account.                              |
| Index OTP                        | An OTP that holds a defined index basket.                                                                                                            |
| Guru OTP                         | An OTP that tracks positions disclosed in public filings. Guru OTPs are not affiliated with or endorsed by the individuals or firms they track.      |
| Thematic OTP                     | An OTP that holds the names meeting a published theme rule; arrives with the next phase.                                                             |
| Smart account                    | The account, owned by the participant's wallet, that holds an OTP's constituents.                                                                    |
| Automation signer                | The signer that carries out OTP trades the participant requests, only within the Approval and Trade permissions the participant grants.              |
| Issuance & Operation Layer       | City Protocol's product layer for issuance, product-level accounting, methodology enforcement, rebalancing, reporting and lifecycle management.      |
| VaaS (Vault as a Service)        | City Protocol's vault infrastructure behind Curated Vaults: the vault contracts, the report oracle, epoch settlement and bounded strategy execution. |
| TaaS (Tokenization as a Service) | City Protocol's tokenization infrastructure, which turns a yield source into an onchain product with verified value.                                 |
| Proof of solvency                | Independent verification that a vault's reserves cover the supply of its tokens.                                                                     |
| Polis Points                     | The loyalty points of Venzo, which record eligible participation. They have no cash value and carry no entitlement to $CIT or any other asset.       |
| Delta-neutral                    | A strategy that balances long and short positions to keep net directional exposure close to zero.                                                    |