Glossary

Key terms used in Papaya docs.

Author. The recipient of a subscription: a merchant, creator or service.

Balance. The amount a user holds inside a Papaya contract, in the deposited stablecoin.

Deposit. Moving stablecoins from a wallet into a Papaya balance.

depositFor. A deposit made by one address into another user's balance.

Keeper. A service that calls liquidate on accounts that need a refill or liquidation.

Liquidation. What happens when an account cannot cover its subscriptions and cannot be refilled: all its subscriptions are cancelled and the caller is rewarded.

Meta-transaction. A transaction signed by the user and submitted by a relayer, who pays the gas.

Period. In periodic mode, the fixed length of one billing cycle, for example one month.

Periodic subscription. A subscription with a fixed amount per period, charged at the start of each period.

Project. A platform or merchant group inside Papaya, with an ID, an admin and an optional fee.

Project fee. The share of each subscription that goes to the project owner, up to 20%.

Rate. In streaming mode, the amount paid per second.

Refill. Pulling funds from a user's wallet into their Papaya balance when it runs low, using the allowance the user has given.

Relayer. A service that submits signed transactions onchain and pays the gas.

Streaming subscription. A subscription where value moves continuously, second by second.