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V2 User Guide
Enabling users to early deposit to any market & position for the upcoming epoch. Users will be able to queue deposits for a market at any time unless the direct deposit period is open for the respective market.
Queue deposits are subject to information tax & executed within the first blocks post direct deposit period is open. Hence, as long as the system works as intended, queue deposit fee should be minimum, close to a dust value. Queue deposits are subject to the keeper fee that is deducted from the deposit value at the time of execution.
Users can rollover an existing deposit until the position is liquidated or delisted from the rollover. Rollover amount can be any value between 0-100% max deposit amount subtracted by the relayer fee. Users cannot rollover the rewards & payouts. Rollovers are executed during the time gap between epoch end & next epoch start.
Direct deposit refers to the deposit period that was used for Earthquake V1. Direct deposit period can be opened before the ongoing epoch ends. Direct deposit period is opened when the market is deployed & closed at the time of epoch start as defined in the deployment.
Direct deposit is subject to linear Information Tax, meaning that there will be a continuously increasing fee to deposit, from the time that direct deposit opens until the epoch starts. Maximum deposit fee is defined per market in the deployment.
Keepers are bots that are assigned to execute deposit queue & rollovers. They are deployed by the Y2K team & fully automated. Keeper fee is the gas fee that is paid by the keepers to execute the transactions on chain. This fee is deducted from the rolling over amount & queue deposit amount. It is defined at the time of the execution.
Above Markets(e.g. Above 0.970)
Above markets indicate that the strike price is expected to be higher than the current price of the vault's asset. The users who are expecting the price of the asset to increase & hit strike price takes the Premium side of these kind of markets.
Below Markets(e.g. Below 0.970)
Below markets indicate that the strike price is expected to be lower than the current price of the vault's asset. The users who are expecting the price of the asset to decrease & hit strike price takes the Premium side of these kind of markets.