Long Call OPerps

Set up

Variable Name	Value
Long CALL OPerps Token Supply	100
Short CALL OPerps Token Supply	10000
Premium (per cycle)	50%
Cycle Duration	1 hour

Scenario 1: Market rises 1% during the cycle

Long OPerps pool pays 50 tokens (50% of 100) as Premium and Short OPerps pool pays 100 tokens (1% of 10000) as payoff for market movement.

Scenario 2: Market rises 1.5% during the cycle

Long OPerps pool pays 50 tokens (50% of 100) as Premium and Short OPerps pool pays 150 tokens (1.5% of 10000) as payoff for market movement.

Scenario 3: Market remains neutral or falls

Long OPerps pool pays 50 tokens (50% of 100) as Premium and Short OPerps pool pay nothing.

Special Case

Scenario 4: Market rises 5% during the cycle.

As explained in Settlement section, the payoff will be capped at 2.5%.

Long OPerps pool pays 50 tokens (50% of 100) as Premium and Short OPerps pool pays 250 tokens (2.5% of 10000) as payoff for market movement.