Overnight products

Fully collateralised opening-gap products with objective settlement against an oracle: issued, settled and redeemed onchain.

Programs not on mainnetNot auditedNo paid oracle data yet (mainnet settlement)

Termsheet builder

TemplateInstrument A

Reference close ACap (bp)Collateral / pair (USDC)Max pairsMax delay (min)Fee (bp, ≤ 50)Min reportersMax deviation (bp)

Halt policy

Computed by the production payoff engine; LONG + SHORT = collateral at every point.

Observed

205.33

Mint cost / pair

100.10

collateral 100 + fee 0.10

LONG pays

76.60

SHORT pays

23.40

Source: Chainlink Data Streams v11 (verifier CPI); Pyth Pro as second method
Observation: 09:35:00 ET, next session
Report key: hash(instrument, method, sessionDate, observationTime)
Halt: DELAY_THEN_REFUND after 60 min
Termsheet hash: …

No devnet run recorded yet.