Twin-Win contract

Payout formula TWIN-WIN

At expiry

if reference price > strike: Underlying WETH

If strike > reference price > Barrier : 2 x strike - WETH

If reference < strike : underlying WETH

Ithaca Expiries

Ithaca strikes

Collateral: strike + premium in USDC

Settlement Style Cash or weth

Exercise Style European, auto-exercised

Premium Currency USDC

Settlement Currency USDC or weth

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