Bet
Last updated
Last updated
Place a bet on whether an asset price ends up inside or outside a defined range at expiry date.
In the Stories tab, select Bet
Enter your order parameters
Type: Select "Inside Range" or "Outside Range" bet
Bet/Capital at Risk: The amount of premium paid to enter the trade.
Range: Select Range
Target Earn: The limit price at the auction, it reflects how much one wants to earn for spending the premium if price at expiry ends up inside/outside the range. This amount is translated as expected APR.
Verity Order Summary
Order limit: Order price
Collateral requirement: The amount required to be locked so as to ensure that the order enters the auction.
Platform fee: Fee to be paid in case of execution.
Total premium: The total to be paid net of fees.
"Submit to Auction" and approve your transaction in your wallet
| Item | Description |
|---|---|
Products
Inside Bet
Outside Bet
Payout Formula
Inside Bet Payoff: Upper strike - lower strike
if lower strike lower < reference price < upper Strike , 0 otherwise
Outside Bet
- (Upper strike - lower strike)
if lower strike lower < reference price < upper Strike , 0 otherwise
Order entry: risk bet amount to earn payoff
Underlying
WETH/USDC
Settlement Style
Cash
Exercise Style
European, auto-exercised
Premium Currency
USDC
Settlement Currency
USDC
Strike Currency
USDC Depending on user’s portfolio subject to collateral optimization settlement currency could be different.
Strike Currency
USDC
Collateral Currency
USDC
Collateral Amount
Inside bet: USDC premium
Outside bet ( upper strike - lower strike ) in USDC
Collateral Management
Fully collateralized, pre-funded
Multiplier
1
Strike Price
Fixed standardized published levels
Reference Price
ITHACA Reference Fixing
Expiry Time
1st focal auction on relevant expiry Friday