OpusDigital Docs
  • Introduction
  • OpusDigital Ecosystem
    • Peer-to-Pool DEX
    • OpusUsers
    • OpusAMM
      • Garman-Kohlhagen pricing formula
      • Volatility Curve Surface Construction
      • Forward curve construction
    • OpusARM
    • OpusAI
    • Option Smart Contract (OSC)
    • OpusTreasury
      • Custody and security
      • Expiration and Settlement
      • Margining
    • Insurance Fund
    • Liquidity Pool Units (LPUs)
    • Composability and Interoperability
    • Circuit Breakers
    • CyberSecurity Theft Mitigation and Compliance
      • Bug bounty and audit
      • Compliance
    • Dashboards and components
      • Liquidity Provider Dashboard
      • Liquidity Taker Dashboard
      • Option Chain Interface (OCI)
      • Option Pricing and Minting Calculator (OPMC)
  • OpusDigital Users
    • Liquidity Providers
    • Liquidity Takers
    • Risk Managers
  • DEX Illustration
  • OTHER INFORMATION
    • FAQ
    • Glossary of Terms
    • Terms of Service
  • LINKS
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Expiration and Settlement

OSC expiration will be managed by OpusTreasury. OSCs are European style, exercised at maturity, and USDC cash settled.

OSCs are auto-exercised using OpusTreasury calculated fixing price equal to the average price during the 15 minute period between 7:45 AM UTC and 8:00 AM UTC. LT and LP cash settled balances clear immediately and are reflected in their respective dashboards.

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Last updated 1 year ago