diff --git a/packages/dataverse/src/PointerProxy.ts b/packages/dataverse/src/PointerProxy.ts
index 7ac2d7e..906045d 100644
--- a/packages/dataverse/src/PointerProxy.ts
+++ b/packages/dataverse/src/PointerProxy.ts
@@ -8,7 +8,7 @@ import type {$FixMe, $IntentionalAny} from './types'
 import prism from './prisms/prism/prism'
 
 /**
- * Allows creating pointer-derivations where the pointer can be switched out.
+ * Allows creating pointer-prisms where the pointer can be switched out.
  *
  * @remarks
  * This allows reacting not just to value changes at a certain pointer, but changes
diff --git a/packages/dataverse/src/pointer.ts b/packages/dataverse/src/pointer.ts
index 3301126..ae1c25c 100644
--- a/packages/dataverse/src/pointer.ts
+++ b/packages/dataverse/src/pointer.ts
@@ -144,7 +144,7 @@ export const getPointerParts = <_>(
  * Creates a pointer to a (nested) property of an {@link Atom}.
  *
  * @remarks
- * Pointers are used to make derivations of properties or nested properties of
+ * Pointers are used to make prisms of properties or nested properties of
  * {@link Atom|Atoms}.
  *
  * Pointers also allow easy construction of new pointers pointing to nested members
diff --git a/packages/dataverse/src/prisms/iterateAndCountTicks.ts b/packages/dataverse/src/prisms/iterateAndCountTicks.ts
index a41e168..cecc3a3 100644
--- a/packages/dataverse/src/prisms/iterateAndCountTicks.ts
+++ b/packages/dataverse/src/prisms/iterateAndCountTicks.ts
@@ -5,15 +5,15 @@ import type {Prism} from './Interface'
 import {isPrism} from './Interface'
 
 export default function* iterateAndCountTicks<V>(
-  pointerOrDerivation: Prism<V> | Pointer<V>,
+  pointerOrPrism: Prism<V> | Pointer<V>,
 ): Generator<{value: V; ticks: number}, void, void> {
   let d
-  if (isPointer(pointerOrDerivation)) {
-    d = pointerToPrism(pointerOrDerivation) as Prism<V>
-  } else if (isPrism(pointerOrDerivation)) {
-    d = pointerOrDerivation
+  if (isPointer(pointerOrPrism)) {
+    d = pointerToPrism(pointerOrPrism) as Prism<V>
+  } else if (isPrism(pointerOrPrism)) {
+    d = pointerOrPrism
   } else {
-    throw new Error(`Only pointers and derivations are supported`)
+    throw new Error(`Only pointers and prisms are supported`)
   }
 
   let ticksCountedSinceLastYield = 0
diff --git a/packages/dataverse/src/prisms/iterateOver.ts b/packages/dataverse/src/prisms/iterateOver.ts
index 59d4861..93cf066 100644
--- a/packages/dataverse/src/prisms/iterateOver.ts
+++ b/packages/dataverse/src/prisms/iterateOver.ts
@@ -6,15 +6,15 @@ import type {Prism} from './Interface'
 import {isPrism} from './Interface'
 
 export default function* iterateOver<V>(
-  pointerOrDerivation: Prism<V> | Pointer<V>,
+  pointerOrPrism: Prism<V> | Pointer<V>,
 ): Generator<V, void, void> {
   let d
-  if (isPointer(pointerOrDerivation)) {
-    d = pointerToPrism(pointerOrDerivation) as Prism<V>
-  } else if (isPrism(pointerOrDerivation)) {
-    d = pointerOrDerivation
+  if (isPointer(pointerOrPrism)) {
+    d = pointerToPrism(pointerOrPrism) as Prism<V>
+  } else if (isPrism(pointerOrPrism)) {
+    d = pointerOrPrism
   } else {
-    throw new Error(`Only pointers and derivations are supported`)
+    throw new Error(`Only pointers and prisms are supported`)
   }
 
   const ticker = new Ticker()
diff --git a/packages/dataverse/src/prisms/prism/prism.test.ts b/packages/dataverse/src/prisms/prism/prism.test.ts
index f318526..3d2ffa8 100644
--- a/packages/dataverse/src/prisms/prism/prism.test.ts
+++ b/packages/dataverse/src/prisms/prism/prism.test.ts
@@ -96,7 +96,7 @@ describe('prism', () => {
       const prsm = prism(() => {
         const n = val(a.pointer.letter)
         const iterationAtTimeOfCall = iteration
-        sequence.push({derivationCall: iterationAtTimeOfCall})
+        sequence.push({prismCall: iterationAtTimeOfCall})
 
         prism.effect(
           'f',
@@ -116,13 +116,13 @@ describe('prism', () => {
         sequence.push({change})
       })
 
-      expect(sequence).toMatchObject([{derivationCall: 0}, {effectCall: 0}])
+      expect(sequence).toMatchObject([{prismCall: 0}, {effectCall: 0}])
       sequence.length = 0
 
       iteration++
       a.setIn(['letter'], 'b')
       ticker.tick()
-      expect(sequence).toMatchObject([{derivationCall: 1}, {change: 'b'}])
+      expect(sequence).toMatchObject([{prismCall: 1}, {change: 'b'}])
       sequence.length = 0
 
       deps = [1]
@@ -130,7 +130,7 @@ describe('prism', () => {
       a.setIn(['letter'], 'c')
       ticker.tick()
       expect(sequence).toMatchObject([
-        {derivationCall: 2},
+        {prismCall: 2},
         {cleanupCall: 0},
         {effectCall: 2},
         {change: 'c'},
@@ -156,7 +156,7 @@ describe('prism', () => {
       const prsm = prism(() => {
         const n = val(a.pointer.letter)
         const iterationAtTimeOfCall = iteration
-        sequence.push({derivationCall: iterationAtTimeOfCall})
+        sequence.push({prismCall: iterationAtTimeOfCall})
 
         const resultOfMemo = prism.memo(
           'memo',
@@ -177,7 +177,7 @@ describe('prism', () => {
       })
 
       expect(sequence).toMatchObject([
-        {derivationCall: 0},
+        {prismCall: 0},
         {memoCall: 0},
         {resultOfMemo: 0},
       ])
@@ -187,7 +187,7 @@ describe('prism', () => {
       a.setIn(['letter'], 'b')
       ticker.tick()
       expect(sequence).toMatchObject([
-        {derivationCall: 1},
+        {prismCall: 1},
         {resultOfMemo: 0},
         {change: 'b'},
       ])
@@ -198,7 +198,7 @@ describe('prism', () => {
       a.setIn(['letter'], 'c')
       ticker.tick()
       expect(sequence).toMatchObject([
-        {derivationCall: 2},
+        {prismCall: 2},
         {memoCall: 2},
         {resultOfMemo: 2},
         {change: 'c'},
diff --git a/packages/dataverse/src/prisms/prism/prism.ts b/packages/dataverse/src/prisms/prism/prism.ts
index 1acb25d..8d9cb3b 100644
--- a/packages/dataverse/src/prisms/prism/prism.ts
+++ b/packages/dataverse/src/prisms/prism/prism.ts
@@ -51,7 +51,7 @@ class HotHandle<V> {
 
   constructor(
     private readonly _fn: () => V,
-    private readonly _prismInstance: PrismDerivation<V>,
+    private readonly _prismInstance: PrismInstance<V>,
   ) {
     for (const d of this._dependencies) {
       d._addDependent(this._reactToDependencyGoingStale)
@@ -198,7 +198,7 @@ class HotHandle<V> {
 
 const emptyObject = {}
 
-class PrismDerivation<V> implements Prism<V> {
+class PrismInstance<V> implements Prism<V> {
   /**
    * Whether the object is a prism.
    */
@@ -336,8 +336,8 @@ class PrismDerivation<V> implements Prism<V> {
      * Design constraints:
      * - This fix should not have a perf-penalty in production. Perhaps use a global flag + `process.env.NODE_ENV !== 'production'`
      *   to enable it.
-     * - In the case of `DerivationValuelessEmitter`, we don't control when the user calls
-     *   `getValue()` (as opposed to `DerivationEmitter` which calls `getValue()` directly).
+     * - In the case of `onStale()`, we don't control when the user calls
+     *   `getValue()` (as opposed to `onChange()` which calls `getValue()` directly).
      *   Perhaps we can disable the check in that case.
      * - Probably the best place to add this check is right here in this method plus some changes to `reportResulutionStart()`,
      *   which would have to be changed to let the caller know if there is an actual collector (a prism)
@@ -700,7 +700,7 @@ function inPrism(): boolean {
   return !!hookScopeStack.peek()
 }
 
-const possibleDerivationToValue = <P extends Prism<$IntentionalAny> | unknown>(
+const possiblePrismToValue = <P extends Prism<$IntentionalAny> | unknown>(
   input: P,
 ): P extends Prism<infer T> ? T : P => {
   if (isPrism(input)) {
@@ -742,7 +742,7 @@ type IPrismFn = {
  * @param fn - The function to rerun when the prisms referenced in it change.
  */
 const prism: IPrismFn = (fn) => {
-  return new PrismDerivation(fn)
+  return new PrismInstance(fn)
 }
 
 class ColdScope implements PrismScope {
diff --git a/packages/react/src/index.ts b/packages/react/src/index.ts
index ba94e5f..3df7246 100644
--- a/packages/react/src/index.ts
+++ b/packages/react/src/index.ts
@@ -65,7 +65,7 @@ export function usePrism<T>(
     boxRef.current.set(fnAsCallback)
   }
 
-  const pr = useMemo(
+  const prsm = useMemo(
     () =>
       prism(() => {
         const fn = boxRef.current.prism.getValue()
@@ -74,7 +74,7 @@ export function usePrism<T>(
     [],
   )
 
-  return useDerivation(pr, debugLabel)
+  return usePrismInstance(prsm, debugLabel)
 }
 
 export const useVal: typeof val = (p: $IntentionalAny, debugLabel?: string) => {
@@ -107,7 +107,7 @@ type QueueItem<T = unknown> = {
    */
   debug?: {
     /**
-     * The `debugLabel` given to `usePrism()/useDerivation()`
+     * The `debugLabel` given to `usePrism()/usePrismInstance()`
      */
     label?: string
     /**
@@ -115,8 +115,8 @@ type QueueItem<T = unknown> = {
      */
     traceOfFirstTimeRender: Error
     /**
-     * An array of the operations done on/about this useDerivation. This is helpful to trace
-     * why a useDerivation's update was added to the queue and why it re-rendered
+     * An array of the operations done on/about this usePrismInstance. This is helpful to trace
+     * why a usePrismInstance's update was added to the queue and why it re-rendered
      */
     history: Array<
       /**
@@ -150,11 +150,11 @@ type QueueItem<T = unknown> = {
    */
   lastValue: T
   /**
-   * Would be set to true if the element hosting the `useDerivation()` was unmounted
+   * Would be set to true if the element hosting the `usePrismInstance()` was unmounted
    */
   unmounted: boolean
   /**
-   * Adds the `useDerivation` to the update queue
+   * Adds the `usePrismInstance` to the update queue
    */
   queueUpdate: () => void
   /**
@@ -224,7 +224,7 @@ function queueIfNeeded() {
             item.debug?.history.push(`queue: der.getValue() errored`)
           }
           console.error(
-            'A `der.getValue()` in `useDerivation(der)` threw an error. ' +
+            'A `der.getValue()` in `usePrismInstance(der)` threw an error. ' +
               "This may be a zombie child issue, so we're gonna try to get its value again in a normal react render phase." +
               'If you see the same error again, then you either have an error in your prism code, or the deps array in `usePrism(fn, deps)` is missing ' +
               'a dependency and causing the prism to read stale values.',
@@ -268,19 +268,19 @@ function queueIfNeeded() {
  *
  * # Remove cold prism reads
  *
- * Prior to the latest change, the first render of every `useDerivation()` resulted in a cold read of its inner prism.
+ * Prior to the latest change, the first render of every `usePrismInstance()` resulted in a cold read of its inner prism.
  * Cold reads are predictably slow. The reason we'd run cold reads was to comply with react's rule of not running side-effects
  * during render. (Turning a prism hot is _technically_ a side-effect).
  *
  * However, now that users are animating scenes with hundreds of objects in the same sequence, the lag started to be noticable.
  *
- * This commit changes `useDerivation()` so that it turns its prism hot before rendering them.
+ * This commit changes `usePrismInstance()` so that it turns its prism hot before rendering them.
  *
  * # Freshen prisms before render
  *
  * Previously in order to avoid the zombie child problem (https://kaihao.dev/posts/stale-props-and-zombie-children-in-redux)
  * we deferred freshening the prisms to the render phase of components. This meant that if a prism's dependencies
- * changed, `useDerivation()` would schedule a re-render, regardless of whether that change actually affected the prism's
+ * changed, `usePrismInstance()` would schedule a re-render, regardless of whether that change actually affected the prism's
  * value. Here is a contrived example:
  *
  * ```ts
@@ -288,7 +288,7 @@ function queueIfNeeded() {
  * const isPositiveD = prism(() => num.prism.getValue() >= 0)
  *
  * const Comp = () => {
- *   return <div>{useDerivation(isPositiveD)}</div>
+ *   return <div>{usePrismInstance(isPositiveD)}</div>
  * }
  *
  * num.set(2) // would cause Comp to re-render- even though 1 is still a positive number
@@ -301,9 +301,9 @@ function queueIfNeeded() {
  * the mounting tree.
  *
  * On the off-chance that one of them still turns out to be a zombile child, `runQueue` will defer that particular
- * `useDerivation()` to be read inside a normal react render phase.
+ * `usePrismInstance()` to be read inside a normal react render phase.
  */
-export function useDerivation<T>(der: Prism<T>, debugLabel?: string): T {
+export function usePrismInstance<T>(der: Prism<T>, debugLabel?: string): T {
   const _forceUpdate = useForceUpdate(debugLabel)
 
   const ref = useRef<QueueItem<T>>(undefined as $IntentionalAny)
@@ -347,7 +347,7 @@ export function useDerivation<T>(der: Prism<T>, debugLabel?: string): T {
   if (process.env.NODE_ENV !== 'production') {
     if (der !== ref.current.der) {
       console.error(
-        'Argument `der` in `useDerivation(der)` should not change between renders.',
+        'Argument `der` in `usePrismInstance(der)` should not change between renders.',
       )
     }
   }
@@ -389,7 +389,7 @@ export function usePrismWithoutReRender<T>(
 ): Prism<T> {
   const pr = useMemo(() => prism(fn), deps)
 
-  return useDerivationWithoutReRender(pr)
+  return usePrismInstanceWithoutReRender(pr)
 }
 
 /**
@@ -398,7 +398,7 @@ export function usePrismWithoutReRender<T>(
  * return the value of the prism, and it does not
  * re-render the component if the value of the prism changes.
  */
-export function useDerivationWithoutReRender<T>(der: Prism<T>): Prism<T> {
+export function usePrismInstanceWithoutReRender<T>(der: Prism<T>): Prism<T> {
   useEffect(() => {
     const untap = der.keepHot()
 
diff --git a/theatre/studio/src/propEditors/useEditingToolsForSimpleProp.tsx b/theatre/studio/src/propEditors/useEditingToolsForSimpleProp.tsx
index 153104f..5882278 100644
--- a/theatre/studio/src/propEditors/useEditingToolsForSimpleProp.tsx
+++ b/theatre/studio/src/propEditors/useEditingToolsForSimpleProp.tsx
@@ -7,7 +7,7 @@ import getStudio from '@theatre/studio/getStudio'
 import type Scrub from '@theatre/studio/Scrub'
 import type {IContextMenuItem} from '@theatre/studio/uiComponents/simpleContextMenu/useContextMenu'
 import getDeep from '@theatre/shared/utils/getDeep'
-import {useDerivation} from '@theatre/react'
+import {usePrismInstance} from '@theatre/react'
 import type {
   $IntentionalAny,
   SerializablePrimitive as SerializablePrimitive,
@@ -355,7 +355,7 @@ export function useEditingToolsForSimplePropInDetailsPanel<
   propConfig: PropTypeConfig_AllSimples,
 ): EditingTools<T> {
   const der = getDerivation(pointerToProp, obj, propConfig)
-  return useDerivation(der)
+  return usePrismInstance(der)
 }
 
 type Shade =
diff --git a/theatre/studio/src/uiComponents/usePresence.tsx b/theatre/studio/src/uiComponents/usePresence.tsx
index 667e4f2..90d8c67 100644
--- a/theatre/studio/src/uiComponents/usePresence.tsx
+++ b/theatre/studio/src/uiComponents/usePresence.tsx
@@ -5,7 +5,7 @@ import {useEffect} from 'react'
 import {useLogger} from './useLogger'
 import {Box, prism, pointerToPrism} from '@theatre/dataverse'
 import {Atom} from '@theatre/dataverse'
-import {useDerivation} from '@theatre/react'
+import {usePrismInstance} from '@theatre/react'
 import {selectClosestHTMLAncestor} from '@theatre/studio/utils/selectClosestHTMLAncestor'
 
 /** To mean the presence value */
@@ -95,7 +95,7 @@ function createPresenceContext(options: {
           }
         })
       }, [itemKey])
-      return useDerivation(focusD)
+      return usePrismInstance(focusD)
     },
     setUserHover(itemKeyOpt) {
       const prev = currentUserHoverItemB.get()
diff --git a/theatre/studio/src/utils/derive-utils.tsx b/theatre/studio/src/utils/derive-utils.tsx
index 9c363ab..f185f8a 100644
--- a/theatre/studio/src/utils/derive-utils.tsx
+++ b/theatre/studio/src/utils/derive-utils.tsx
@@ -1,6 +1,6 @@
 import {isPrism, prism, val} from '@theatre/dataverse'
 import type {Prism, Pointer} from '@theatre/dataverse'
-import {useDerivation} from '@theatre/react'
+import {usePrismInstance} from '@theatre/react'
 import type {$IntentionalAny} from '@theatre/shared/utils/types'
 import React, {useMemo, useRef} from 'react'
 import {invariant} from './invariant'
@@ -86,7 +86,7 @@ export function deriver<Props extends {}>(
       )
 
       const allD = useMemo(() => deriveAllD(observables), observableArr)
-      const observedPropState = useDerivation(allD)
+      const observedPropState = usePrismInstance(allD)
 
       return (
         observedPropState &&