Elysium Tech Terms Explained: Orbit, Conduit, BoLD, Timeboost, DAC, HIP-3, HIP-4, EL1Read
Elysium coverage uses a lot of jargon: Orbit, Conduit, BoLD, Timeboost, DAC, HIP-3. This glossary explains each term in a sentence or two, and links to the pages that use it.
Bookmark this page. Each term has its own anchor so that you can link to a single definition.
Chain and stack
Arbitrum Orbit
Arbitrum's framework for launching custom Layer-2 chains. Elysium is an Orbit rollup. See the tech stack guide.
Rollup
A chain that runs transactions on its own and posts proof or data to another chain for settlement. Elysium settles to HyperEVM, not to Ethereum.
HyperEVM
The Ethereum-compatible smart contract environment on Hyperliquid. HYPE moves between HyperEVM and Elysium 1:1.
HyperCore
Hyperliquid's native trading engine, with its order books. Planned hooks would let Elysium contracts read from it and send orders to it.
HYPE
The gas token on Elysium. Gas is the fee for a transaction. See gas fees.
Operators and security
Sequencer
The operator that orders transactions on a Layer-2. Elysium launched with one.
Conduit
A rollup infrastructure company. Elysium's sequencer is run with Conduit.
DAC (data availability committee)
A group that promises to keep a chain's transaction data available. At launch Elysium's committee on HyperEVM was a one-member setup.
BoLD
Arbitrum's dispute protocol for fraud proofs. Planned for Elysium's later hardening phase.
Timeboost
An Arbitrum system that sells priority in transaction ordering. Planned for a later phase.
Challenge period
The waiting time before a withdrawal from a rollup is final, so that fraud can be challenged. See the security model.
Hyperliquid standards and hooks
HIP-3
A Hyperliquid standard that lets builders deploy their own perpetual markets. Markets.xyz is Kinetiq's venue on it.
HIP-4
Hyperliquid outcome markets, which prediction market apps such as Speculate connect to.
EL1Read and EL1Write
Names given to the planned HyperCore hooks. EL1Read would let contracts read Hyperliquid data and EL1Write would let them route orders. Expected about four weeks after mainnet. See key dates.
Token terms
KNTQ
Kinetiq's governance token. Half of Elysium sequencer fees buy it and burn it. See KNTQ explained.
kHYPE
Kinetiq's liquid-staked HYPE. See kHYPE explained.
Buyback and burn
Using fees to buy a token on the market and send it to a burn address. See buyback pledges explained.
For trading terms such as slippage, bonding curve and bundle, see the trading glossary.
Sources
Numbers and dates were checked on November 10, 2026 and can change. Nothing here is financial advice.
FAQ
What is Arbitrum Orbit?
Arbitrum's framework for launching custom Layer-2 chains. Elysium is built on it.
What is a sequencer?
The operator that orders transactions on a Layer-2. Elysium started with a single one.
What are EL1Read and EL1Write?
Planned hooks that would let Elysium contracts read Hyperliquid market data and route orders to HyperCore.
What is HIP-3?
A Hyperliquid standard that lets builders deploy their own perpetual markets.
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