The lull
65 h 30 min
Weekend, Fri 25 Sep 16:00 → Mon 28 Sep 09:30 ET
The US market is closed. xStocks keep trading on DEX pools through the lull, on thin liquidity. An order placed here waits for the open and fills at one price.
Sealed market‑on‑open orders for xStocks
Place an order while the US market is closed. It stays sealed through the night and crosses once, at the Pyth open price.
- Market open
- This lull
- Reveal window
- Now
Market closed. Opens in60:01:07Mon 28 Sep, 09:30 ET
- Market
- AAPLx/USDC
- Open this week
- 32.5 of 168 h
- Next early close
- Fri 27 Nov, 13:00 ET
- Next holiday
- Thu 26 Nov
The current lull, phase by phase
Commit
65 h
Fri 25 Sep 16:00 → Mon 28 Sep 09:00 ET
Orders arrive as sha256 commitments, each with a refundable bond. Side, size and limit stay in your browser until the reveal.
Reveal
29 min
Mon 28 Sep 09:00 → 09:29 ET
Each order is opened. The program re-hashes its fields against the commitment and locks the balance. An order that is never revealed forfeits its bond.
Cross
09:30
Mon 28 Sep, the open
Popen is the first verified Pyth price at or after the open. Every revealed order fills at Popen, and LP quotes absorb the imbalance, cheapest spread first.
Seal an order
The order becomes a sha256 commitment. The salt is made in this browser and never leaves it. The API only ever sees the hash.
AAPLx/USDCFri 25 Sep 16:00 → Mon 28 Sep 09:30 ET
Buy 0 USDC
Market on open
Salt made when sealedOwner browser key
The ticket follows what you type. Sealing hashes its fields with a random salt, the owner and this lull.
Popen
The first fully verified Pyth Equity.US.AAPL/USD price published at or after 09:30 ET plus the market's open delay. A wide confidence interval falls back to a short TWAP. No price at all cancels the lull and refunds everyone.
Equity.US.AAPL/USD now$341.43± $0.050, published 23:59:51 UTC
Cross replay
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Lull drift
What the xStock traded at on DEX pools during each lull, against the prior close and Popen. DEX prices come from Jupiter and are not an oracle.
Fri 25 Sep 16:00 → Mon 28 Sep 09:30 ET
- DEX range in the lull
- 51 bps
- Last DEX price vs the prior close
- −35 bps
DEX price Pyth
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