How-to
After the open
Follow a lull through pricing and the cross, read your fills, claim, and withdraw.
From reveal end to settlement#
| Phase | What is happening |
|---|---|
| Sealed | Reveals are closed. Unrevealed tickets are forfeited. |
| Pricing | From the open plus the delay (30 s by default), Popen is captured from Pyth. |
| Crossing | Popen is known. Revealed orders are classified and the book crosses. |
| Settled | The cross is final. Tickets are claimed into balances. |
The lull page shows the phase, the counts of commits, reveals, LP quotes and forfeits, Popen, the cross result, and the LP quotes with their fills. See Popen and The cross.
Claims#
Claiming settles one ticket into its owner's balance. It:
- releases the ticket's lock;
- takes what the order paid;
- credits what it received, plus any unfilled remainder, to Free;
- closes the ticket and returns its bond and rent to the owner's wallet.
Claiming is permissionless, and Lull's crank claims every ticket after the cross. If one of yours still shows "Claim" on the "Account" page, click it and approve to settle it yourself.
Reading your fill#
"Fills" on the "Account" page lists claimed tickets, newest first, with the lull's open and its Popen.
- A buy shows the USDC paid and the AAPLx received. USDC that was not spent is back in Free.
- A sell shows the AAPLx paid and the USDC received. AAPLx that was not sold is back in Free.
- The average price per share is the USDC amount divided by the number of shares.
If your side was light, the whole order filled at Popen. If it was heavy, part of it filled at Popen, part may have filled at LP prices, and the rest was refunded. A limit order whose limit Popen did not meet shows no fill and a full refund.
Settlement rounds each order's payment up and its proceeds down, by at most one raw unit. The difference stays in the vault.
If the lull was cancelled#
A cancelled lull has no fills. Claim returns every revealed lock to Free in full, with its bond and rent. Unrevealed tickets are forfeited as in any lull.
Withdraw#
Once a ticket is claimed, its proceeds are Free. Withdraw them from the "Balance" panel whenever you like, or leave them in the market for a later lull. See Deposit and withdraw.