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Settlement

To settle, specify the instrument parameters via 1, 2 and 3, then click Preview SETTLE.

Mint

Verify the instrument parameters in the preview pop-up. Then click Settle and confirm the transaction in your web3 wallet.

Settle Preview

Note:
Latest Version here refers to the latest version of the instrument.
Minted Supply here refers to how much of each position token has been minted. In this screenshot, this means that 100 LONGs and 100 SHORTs have been minted. This also means that 100 USDC has been deposited in this instrument.

Settlement can only be made when the instrument meets either of the following conditions

  1. The expiry time has passed.
  2. The reference price of the underlying asset has:
    • gone above the threshold price (for Calls); or
    • gone below the threshold price (for Puts).

After the settlement has been completed, further action buttons for redemption will be shown. Depending on the settlement status, either the Redeem LONG button, the Redeem SHORT button, or both, will be shown.

Settle Completed

Clicking on these will take you to the Redeem page, populated with the appropriate parameters of the position token to be redeemed.