Here's my MWE:
\documentclass{article}
\usepackage[dvipsnames]{xcolor}
\colorlet{LightLavender}{Lavender!40!}
\begin{document}
\colorbox{LightLavender}{hello} world
\end{document}
It produces something like this:
I'm wondering if it's possible to have the box have rounded corners. Ideally a solution would work in both text and math modes because I sometimes use it in equations to help designate which terms are alike/cancel out.
mdframed
also having better features....