Bonus Contract

Item	Description
Payout Formula	BONUS At expiry if reference price > strike: Underlying WETH If strike > reference price > Barrier : strike in USDC If reference < strike : underlying WETH Ithaca strikes Ithaca expiries Ithaca settlement Collateral: strike + premium in USDC
Settlement Style	Cash or WETH
Exercise Style	European, auto-exercised
Premium Currency	USDC
Settlement Currency	USDC or WETH
Strike Currency	USDC
Collateral Currency	USDC
Collateral Amount	Risk amount = Strike + Premium
Collateral Management	Fully collateralized, pre-funded
Multiplier	1
Reference Price	ITHACA Reference Fixing
Expiry Time	1st focal auction on relevant expiry Friday