@ether_monk · 7d DOWN

A seven-day put on @ether_monk, worked end to end

Market scenario · follow the readings from start to finish.

[ Overview ]

A market scenario of the seven-day put on @ether_monk. Same machinery as the one-day markets, same median rule, a week of room instead of a day. This is the side that pays when a caller is down.

[ Categorized ]

Settlement$HOODSIGNALDOWN7 daysUSDG

−25.3%

PnL over the window

Seven days of total account PnL, measured from our own snapshots rather than requested from a window parameter.

3.97x

Paid to DOWN

The put is the unlikely side when a market opens flat, which is exactly why it pays what it does.

Paid to UP

A binary contract is worth 1 or nothing. There is no partial credit for being nearly right.

A trader at −25% for the week is not a failure of the protocol. It is the outcome one side of every market is written to pay for.

@ether_monk · Listed caller · fomo

[ The details ]

The question

Will @ether_monk be up over the next 7 days? The same yes-or-no question the one-day markets ask, with room to breathe. One side pays, and the horizon is the only thing that changed.

Both windows settle on the sign of the same number, which means the oracle only has to be right once for every market on the platform to be right.

How it settled

The strike was the median of the three snapshots nearest the open, a week earlier. The settlement was the median of the three nearest the close. Lower than the strike settles the put.

Nothing about the trader's book entered the calculation. A position repricing overnight moves total PnL and should, because that is the exposure being traded. A deposit does not move it at all.

Holders of DOWN redeemed at 1 USDG a share. Holders of UP were left with nothing, having paid for the cheaper side of a question they got wrong.

What it paid

Anybody who changed their mind mid-week did not have to wait. A position is worth whatever the market maker will pay for it at any moment, and selling early is a first-class path rather than an escape hatch.

[ More market scenarios ]

@unipcs · 24h

229.89 shares from a $100 ticket, each redeeming for 1 USDG less 2% of the winnings.

Read the settlement

The first ten

One per listed caller, opened together and closed together, each on the sign of that caller's PnL over the window.