Trade Details

You can find a list of open contracts in the explorer page or by searching it with the contract ID.
The contract summary page will look like this:

Contract details and underlying

On the top left you can see the contract state and the contract payoff. On the right you have some actions:
  • Share contract
  • Refresh
  • Clone contract
  • Open/Close simulator
On the bottom you can see the underlying of the trade.

Contract parameters

Here you can see the contract parameters. That includes the Current price (i.e. the latest oracle reported value), and the payoff details: Strike price and option Type.
Moreover, you also see the deposit expiry, which is the window when users can fund the contract, and the actual contract expiry, which is when the contract will settle and users will be able to claim back their collateral plus profits/losses.

Collateral

Here you see the breakdown of the collateral, including:
  • Collateral token (in this case USDC)
  • Whether the contract has been funded, and by which side
  • How much collateral is required to fund the contract (in this case 10 USDC for the buyer and 100 USDC for the seller)

Status

The contract status represents the state of the contract as it changes between fundings and time:
  • Unfunded: the contract was created but not funded by anyone yet
  • WTB: the contract has been funded by the Long side
  • WTS: the contract has been funded by the Short side
  • Live: the contract has been funded by both the Long and Short side
  • Settled: the contract is expired and has correctly settled, parties can now claim back collateral plus profits/losses
  • Expired: the contract hasn't been funded by both Long and Short side by the end of the deposit window. The party that did fund can now withdraw back their collateral

Funding

To fund a contract, simply click Long or Short to fund the respective side. You will be asked to approve a transaction from your wallet.
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Profit and Loss (PnL)

Once both sides have been funded, a new PnL section will appear:
Once you connect your wallet, you will also see your side and PnL:
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The PnL section shows the current PnL of the two sides, which is what they would make if the contract settled immediately. This is for information only, as the final PnL will be computed at contract expiry.

Settlement

Once the contract expires and settle, users will be able to claim their original collateral plus profits/losses.
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