Settlement
Last updated
Last updated
A market will be settled once its token generation event occurs, enabling sellers to settle their token trades. The settle time, varying by market, will be announced to users on Discord. Users can also opt in for Telegram notifications or might listen to contract events for changes in market status. Once a market enters the settlement period, sellers must settle active trades. By doing so, the smart contract will automatically transfer the tokens from the seller to the buyer and move the locked value of the buyer, used as collateral, to the seller, along with the return of the seller's collateral. If a seller fails to settle the trade within the duration, the buyer will have the option to seize the seller's collateral. Typically, the settlement duration for a market is 24 hours, but it may vary based on the market.
User can see the cumulative pending settlements on the "dashboard" page.