Bet

Place a Bet on whether an asset price ends up at expiry date inside or outside a user defined range.

If order filled expected return shown on your Bet Capital at risk.

Description

Bet & Earn Return if (ETH) at Expiry [Inside / Outside] Range.

i. Bet on [Inside / Outside] Range; Capital at Risk.

ii. Select Range.

iii. Enter Target Earn.

iv. Expected Return reflects the probability of at Expiry [Inside / Outside] Range.

Decide on whether you want to bet on eth price ending up inside or outside your defined range at expiry.

Having chosen expiry, user decides on USDC Capital at risk.

If inside range chosen, User effectively buys a binary call spread and spends premium, which is his maximum downside.

User enters how much he will want to earn for spending this premium if price at expiry ends up inside the range ; this amount translated as expected APR defines his limit price entering the auction. A suggested price is fed via Ithaca’s pricing model to inform relevant order submission.

If outside range chosen, User effectively sells a binary put spread and posts USDC collateral as his capital at risk equivalent to the difference between the range prices, this becomes his maximum downside of price ends up inside the range; user earns premium in return for taking the collateral loss risks User enters how much he will want to earn for posting this collateral and earning the premium if price at expiry ends up outside the range ; this amount translated as expected APR defines his limit price entering the auction. A suggested price is fed via Ithaca’s pricing model to inform relevant order submission.