Common questions
Does Yesterday guarantee yesterday’s price?
Section titled “Does Yesterday guarantee yesterday’s price?”No. Yesterday’s average is a reference for a funded conditional agreement. Your receipt depends on the order terms and tomorrow’s average. A contract can pay you less than a plain conversion at entry, or zero.
Is the Contract seller always selling BTC?
Section titled “Is the Contract seller always selling BTC?”No. “Contract seller” names the issuer. They can choose sell yesterday or buy yesterday. See the participant roles.
Does a 1 BTC contract pay me 1 BTC?
Section titled “Does a 1 BTC contract pay me 1 BTC?”No. It has a 1 BTC reference size. Sell-direction contracts pay USDC. Buy-direction contracts pay BTC, with amounts determined by the settlement rule and the funded cap.
Is the Contract price paid straight to the seller?
Section titled “Is the Contract price paid straight to the seller?”No. It is added to conversion output and locked. The seller receives only their allocation at settlement.
Can both directions be open at the same time?
Section titled “Can both directions be open at the same time?”Yes. Both are eligible when the execution price is strictly less than 0.5% away from yesterday’s reference. At the exact boundary, only sell below the reference or buy above it is eligible.
Does q change after I fill?
Section titled “Does q change after I fill?”No. Each fill freezes its own q. An open order can still fill at a different q later. A lower Contract price does not increase q.
What happens if tomorrow’s average equals the reference?
Section titled “What happens if tomorrow’s average equals the reference?”The buyer receives zero. The seller receives all funded assets, in either direction.
Is a positive payout always a profit?
Section titled “Is a positive payout always a profit?”No. A buyer must subtract the Contract price they paid. The seller’s result needs a named comparison, such as conversion at entry. Costs also matter. See settlement and results.
Can I cancel after a partial fill?
Section titled “Can I cancel after a partial fill?”You can cancel the unfilled remainder. Filled positions stay locked and settle under their original terms.
Can I be asked to add more money later?
Section titled “Can I be asked to add more money later?”The selected contract design has no price-driven top-ups. Payouts use only that fill’s existing funded assets. Withdrawal or other transactions may still require network fees.
When does a target become a plain swap?
Section titled “When does a target become a plain swap?”When actual conversion output meets or exceeds the scaled target. The issuer receives all output. No contract or buyer payment is created for that execution.
Does a direct swap have to wait for tomorrow’s average?
Section titled “Does a direct swap have to wait for tomorrow’s average?”No. Its output becomes available after successful execution. A withdrawal is a separate step.
Can a fixed-price order turn into a direct swap?
Section titled “Can a fixed-price order turn into a direct swap?”No. Only a target order can use the direct-swap branch. Fixed-price orders require an eligible contract direction and a positive buyer payment.
Why does a BTC Contract price show a changing USDC value?
Section titled “Why does a BTC Contract price show a changing USDC value?”The BTC amount is fixed. Its USDC equivalent uses a changing quote. Read the native BTC amount as the order’s authority.
Are the website prices real?
Section titled “Are the website prices real?”The landing collects real Coinbase BTC/USD observations. Contract quotes are illustrative, and the daily average is a sampled website method. It is not a live executable offer or the planned protocol settlement oracle.
Are there fees?
Section titled “Are there fees?”The initial testnet protocol fee is selected as zero. Network and execution costs still matter. Production fees have not been set.
Can I trade with real funds now?
Section titled “Can I trade with real funds now?”No. The public site is educational and the private prototype uses practice balances. Check current availability.