Reading the book…
Reading the book…
each book can absorb kappa times its own principal
there is none until the market settles and the floors are taken
A book can only absorb so much of the other side. When it runs out, stake is refused and refunded — that is the rule working, not a failure.
Per outcome, as the settler holds it.
| Outcome | Implied | Book P | Vested in V | Capacity C | Headroom H | Room for a stake |
|---|---|---|---|---|---|---|
| Above 2,500.00 | 50.0% | 2.00 | 2.00 | 60.00 | 58.00 | 58.00 |
| Below 2,500.00 | 50.0% | 2.00 | 2.00 | 60.00 | 58.00 | 58.00 |
What one unit of opening stake is worth under each rule, sampled at every vintage.
No history is available for this market yet. The curve needs the entries the market has taken; once one lands it is drawn here.
The same money, the same books, settled under each rule. The difference is a number, not a claim.
Capacity reached — 58.00 accepted, 2,442.00 refunded.
Stake on this outcome vests into Below 2,500.00, and that book can only take so much: capacity is kappa times its own principal. Anything beyond it is refused and pulled back with withdrawRefund. Nothing is lost and the transaction does not fail.
2,500.00
1.00x of stake
Accepted principal back, plus whatever vests in after you.
2,501.99
1.00x of stake
A share of a pool your own stake has just enlarged.
The classic rule would pay 1.99 more — 0% of the stake.
Under the classic rule this stake also moves everyone already on Above 2,500.00 from 2.00x to 1.00x — the money it earns comes out of theirs. Under the vested rule their multiple cannot fall, because nothing that arrives after them vests to them.
Stake vests into the opposing books as it lands, and is accepted only up to the room they have. What they cannot cover comes straight back.
Enter an amount to see what the books would accept of it right now.
Connect a wallet to see your position.
Positions belong to an address: the settler pays whoever owns the position, so there is nothing to show here until this page knows who you are.
The boundary is inclusive on the “above” side: a reading exactly at the strike resolves above.
Entries at or after this instant are refused outright. Resolution can only happen from here on, and the accumulator is frozen at it either way, so a slow resolver costs nobody anything.
A reading older than this is not trusted. The market voids and every position refunds at its accepted principal rather than settling on a number nobody should rely on.
keccak256 of the whole spec. Registering a different strike or bound produces a different id; it does not edit this one.
Resolution is permissionless: anyone may call the resolver once the freeze has passed, and the caller has no say in the answer and earns nothing for making the call. If the last reading is older than 1h 30m, resolution reverts rather than settling — so a keeper retrying through a brief outage cannot void a good market by accident. Voiding on a stale feed is a separate, deliberate call, and it refunds every position at its accepted principal. Failing that, anyone may void the market from 23 Sep 2026 16:00 UTC.
what enter and claim take
USDC, the native gas token on Arc — 6 decimals through ERC-20, 18 natively
chain id 5042002