Hold goldas a token
Search any of 1,745 Pyth prices. The one you pick becomes two tokens on Solana: LONG moves with the price inside this week's band, SHORT takes the other side. Both are paid for in full, so neither can be liquidated.
LONG · GoldFollows gold inside this week's band until Fri, Oct 16, 20:00 UTCFollows gold between $3,750 and $4,650 until Fri, Oct 16, 20:00 UTC
$4,091.52LONG $341.52SHORT $558.48
Last print 13:58 UTC · band preview
One pair, one week
Gold's last full series, on recorded Pyth prices.
One pair costs the band's width in USDC: H minus L, deposited before anything is minted.
Friday 20:00 UTC, gold opens. mint(1) sets the bridge at that price: one LONG below it, one SHORT above. Until expiry the two can merge back into USDC at any time.
Every Pyth print moves the bridge, dollar for dollar: LONG gains what SHORT gives up. These are the week's prints, every six hours.
Had gold printed above H, the bridge would rest on the post: LONG worth the whole pair, SHORT nothing. There is no margin to call and nothing to liquidate.
The next Friday at 20:00 UTC, Pyth's gold price pins the bridge.
Each side redeems its length in USDC. Together they take back the whole pair.
One pair of gold's series cost $900 of USDC. Gold opened at $4,291.35 and settled at $4,147.74; LONG redeemed $297.74 and SHORT $602.26, a -3.35% week.
1,745prices on Pyth
Each of them can open a series. Here each is a string with no bridge yet; the red bridges are the prices on the harp at the top. Choose any string to hold it there.
Six default bands
A new series takes its default band from its class, from ±4% for FX up to ±30% for crypto. Each mark is one week on Pyth between Apr 24 and Oct 2, Friday close to Friday close, set where that week's move would have settled.
Ditto Spot
One token with no expiry date. Every Friday at 20:00 UTC its LONG settles into USDC, and makers bid to sell it the next series' LONG, strung around the new price. Each unit holds one LONG plus L in USDC, so inside the band it is worth the price. Here is gold since Jul 24.
- Series
- 1 of 11 · Jul 24 – Jul 31
- Gold, recorded
- $4,053.88
- One unit
- 1 LONG $453.88 + $3,600 USDC
- Rolls so far
- 0
Open a series
Any Pyth feed can open one. Pick the feed and the rest is filled in: its class's default band around the live price, and the next Friday at 20:00 UTC as the expiry.
- Feed
- Silver XAG/USD
- Band
- ±10% around the price, the class default
- Expiry
- One pair costs
- 12.0 USDC
- At the live price
- LONG 5.952 · SHORT 6.048
- Settles on
- Authenticated Pyth expiry price for Fri, Oct 16, 20:00 UTC
- Wallet
- Review the band and sign the open transaction
$DITTO
Each pair minted pays the mint fee, and each Ditto Spot roll pays the roll fee. Both fees, in full, buy $DITTO on the market, and every $DITTO bought is burned.
- Supply
- 1,000,000,000, fixed
- Launch
- 100% public, on the same terms for everyone
- Positions
- LONG, SHORT and Ditto Spot shares. $DITTO is the protocol's token, not one of them.
The next series opens Friday, 20:00 UTC
Every series runs to a Friday at 20:00 UTC, on gold or any other price on Pyth, and anyone can open one. Pick the one you want to hold, or first.