Settlement

After purchase, a STAY IN trader’s payout accrues continuously from $0 until termination at either an early breakout or at full term, with a max profit of 100%. A BREAKOUT trader’s position starts at the max 100% profit and decreases until the first breakout or expiration. The payout is based on the fraction of time the asset's spot price remains within the price range until it terminates relative to the full term. The protocol will automatically terminate and settle once the passage first breaks out of the range or the full term is reached.

All settlement payouts are in the asset used to purchase a passage. (e.g. if ETH was used to buy, ETH will be received in a claim).

Any settlements will sit within the user’s balance within the bracket smart contract. The balance can either be used to purchase another passage or can be withdrawn back to their wallet.