Arch Dam
Weekly SOL Covered Call
$2,762.67-$0.35/min
- Fair value
- $2,520.60
- Reserve
- $2,268.54
- Opened
- Jul 6 00:00 UTC
- Reserve in
- —
Auction basinLive decay Live decay Live decay Live decay
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
5 of 5
Ask in decay
$15,233.38
Modeled cadence · live fair valueExplorer
Live decay
Earthfill Dam
Weekly SOL Cash Secured Put
$2,067.56-$0.31/min
- Fair value
- $2,208.85
- Reserve
- $1,987.96
- Opened
- Jul 5 04:48 UTC
- Reserve in
- —
Steel Dam
Weekly BTC Covered Call
$1,748.28-$0.25/min
- Fair value
- $1,791.20
- Reserve
- $1,612.08
- Opened
- Jul 5 09:36 UTC
- Reserve in
- —
Masonry Dam
Weekly ETH Cash Secured Put
$1,779.71-$0.24/min
- Fair value
- $1,751.62
- Reserve
- $1,576.46
- Opened
- Jul 5 14:24 UTC
- Reserve in
- —
Stepped Dam
Delta Neutral Yield
$6,875.15-$0.90/min
- Fair value
- $6,510.33
- Reserve
- $5,859.30
- Opened
- Jul 5 19:12 UTC
- Reserve in
- —
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.