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 |