FAQ

Is there a time limit for claiming my prize?

There is currently no set time limit for claiming prizes. However, to ensure the best experience for participants, it's recommended to claim your prizes as soon as possible to avoid forgetting.

What are the fees?

The opening fee rate is 0.01% of the position value. Fees are charged for opening and reversing trades, but not for closing positions without loss or claiming prizes.

What do you use to provide price information?

Currently, the Pyth oracle is used for price information, and more oracles will be integrated in the future to ensure continuity in case a single oracle fails.

What happens if no one takes the opposite position?

If there is no counterparty in a Epoch, it results in a void Epoch, and participants can reclaim their funds based on the outcome.

What happens if the lock price and the closing price are exactly the same?

If the final price (considered as the closing price) is exactly the same as the initial price (lock price), the Epoch is considered a draw. According to the rules, in the event of a draw, both parties share the points and the prize pool equally based on their positions.

Can I change or delete my position?

You can close your position without loss (i.e., withdraw your bet) or switch your trade (i.e., change the direction of your position) within the first three minutes of each Epoch. Once chosen, you cannot increase or decrease your bet, but you can change or withdraw your position through these operations.

What does it mean if the product is paused due to an error?

The market will be paused, preventing the opening of new positions, when situations arise that affect the reliability of the contract.

What happens to my position if the product is paused due to reasons like oracle issues?

Your funds will be recoverable, in the same manner as you would typically claim your prizes.