Guides

Settle and redeem

After Friday 20:00 UTC, fix the payouts and take your USDC.

Settle

Once a series expires it shows under Expired, settling on Pyth. Ditto's keeper settles it on its own; to do it yourself:

  1. Open the series.
  2. Choose Settle on Pyth and approve.

The app fetches Pyth's first price at or after the expiry, posts and verifies it, and settles the series in one sequence. The series then shows its settlement price and what each side pays.

Redeem

  1. Open the settled series. It shows LONG pays and SHORT pays per token.
  2. Under Redeem LONG or Redeem SHORT, enter how many, or choose Max.
  3. Choose Redeem and approve.

You receive the payout in USDC for each token you redeem. There is no deadline: a settled series pays out whenever you redeem.

Holding both sides after settlement? Merging and redeeming pay the same: a pair returns the band's width either way.

LHprice at expiryH − L0LONGSHORT