Arch Dam
Weekly SOL Covered Call
$2,786.31-$0.40/min
- Fair value
- $2,859.54
- Reserve
- $2,573.58
- Opened
- Sep 5 00:00 UTC
- Reserve in
- —
Auction basinLive decay Live decay Live decay Settled
Where the flow clears.
Below every spillway sits a stilling basin. Each reservoir discharges its option flow in daily tranches through a rolling dutch auction: the ask opens at 110% of fair value and decays toward the 90% reserve until a market maker lifts it.
Live decays
4 of 5
Ask in decay
$9,738.41
Modeled cadence · live fair valueExplorer
Live decay
Earthfill Dam
Weekly SOL Cash Secured Put
$2,590.79-$0.35/min
- Fair value
- $2,554.02
- Reserve
- $2,298.62
- Opened
- Sep 5 04:48 UTC
- Reserve in
- —
Steel Dam
Weekly BTC Covered Call
$2,159.27-$0.28/min
- Fair value
- $2,047.88
- Reserve
- $1,843.09
- Opened
- Sep 5 09:36 UTC
- Reserve in
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Masonry Dam
Weekly ETH Cash Secured Put
$2,202.04-$0.28/min
- Fair value
- $2,012.11
- Reserve
- $1,810.90
- Opened
- Sep 5 14:24 UTC
- Reserve in
- —
Stepped Dam
Delta Neutral Yield
$6,196.82
- Fair value
- $6,620.53
- Reserve
- $5,958.48
- Opened
- Sep 4 19:12 UTC
- Cleared
- Sep 5 14:52 UTC
- Bidder
- 3287b...9b351
- Next window
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Fair value is priced live from Pyth spot and implied volatility through the Black-Scholes engine. Auction cadence, clearing times and bidders are deterministic models of the auction program live at mainnet, which settles real bids on-chain.