Closing a position

Your multiplier is final when the entry locks. The side you took and how you leave decide how much of it you collect, and the backstop settles you the instant it resolves.

Any payout above your stake carries the profit fee: 9% of the profit, printed beside your odds and never folded into them. A fifth of that fee goes to whoever drew the corridor; the rest is backstop revenue.

Reach the end

If the run finishes without touching a rail, hold collects the full payout and breach settles to zero. An end-of-run settlement needs no price report at all, so an oracle outage cannot block it: with no report there is no proof of a touch, which favours hold.

Close early, marked to market

Change your mind at any second and cash out for a known amount. An early close is valued at your position's current win probability, then reduced by a 4% penalty:

value  = stake * M * Pwin(now)
payout = value * (1 - 4%)

Pwin is priced at the moment you request, using the volatility your position opened with. For a hold position it is high while the price sits centred and falls as the price leans toward a rail. For a breach position it mirrors that, rising as the price closes in. The request is irreversible and settles against the price and probability at that moment. If the price is already outside the corridor when you request, that is a breach rather than a close.

Touch a rail

A rail touch resolves the whole corridor on the spot: breach collects its full payout, and hold closes at zero. The touch is proven rather than decided. The operator submits the signed price report that crossed the rail and the contract verifies its signature onchain, so nobody can fabricate a touch. One proof settles every position and every ticket on that corridor, whichever side each took.