Long Put OPerps

Set up

Variable Name
Value

Long PUT OPerps Token Supply

100

Short PUT OPerps Token Supply

10000

Premium (per cycle)

50%

Cycle Duration

1 hour

Scenario 1: Market falls 1% during the cycle

Long OPerps pool pays 50 tokens (50% of 100) as Premium and Short OPerps pool pays 100 tokens (1% of 10,000) as payoff for market movement.

Scenario 2: Market falls 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 10,000) as payoff for market movement.

Scenario 3: Market remains neutral or rises

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

Special Case

Scenario 4: Market falls 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.

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