CMD
CMD
11/11
SESSION —TOKEN ****NODE MATCHING DOWNMD COINBASE DOWNCOD ARMEDT/O 15:00
WORLDBTC —ETH —XAU —│TRADE—MARK—SETTLE—│GLOBAL X RISKΔ 0.00ν 0.00L 0.00R 0.00│HEALTHREG CalmF 0.00LIQ —SPR —│BOOKC_B 25.0C_I 25.0C_R 50.0W 0.000T_c —T_max 0.00E_B 25.00E_I 25.00A 0.00B 0.00PNL 0.000CL=LB —
SESSION—TOKEN ****FIRM X-FIRMDESK X DESKMATCH DOWNMD DOWNMM DOWNCOPY DOWNCOD ARMEDT/O 15:00
BTC
—
CB — · BN — · BY —
REGIME
Calm
C_B
25.0
C_I
25.0
C_R
50.0
PNL
—
xDet
0.000
xV
—
xDetA
0.000
xDetB
0.000
252550
T3BID — x — ASK — x — CB — BN — BY —T4LAST — — — — STAB PREM —T5O — H — L — V 0.0 OUR TAPE
GREEKS —
LIVE · OTC · DEFI · LIQ · BOOK · FILL 5/10/20 · STAB PREM
DESKS
CB —
| DESK | KIND | LAST | BID | BID SZ | ASK | ASK SZ | LIQ | BOOK | FILL | PREM |
|---|---|---|---|---|---|---|---|---|---|---|
| CMD CLOB | LIVE | — | — | 0.0000 | — | 0.0000 | — | — | — | — |
| HYPERLIQUID | DEFI | — | — | — | — | — | — | — | 5% | — |
| PANCAKESWAP | DEFI | — | — | — | — | — | — | — | 10% | — |
| AAVE | DEFI | — | — | — | — | — | — | — | 20% | — |
| UNISWAP | DEFI | — | — | — | — | — | — | — | 10% | — |
| OPT | LIVE | — | — | — | — | — | — | — | — | — |
| DISC | OTC | — | — | — | — | — | — | — | — | — |
| PANIC OTC | OTC | — | — | — | — | — | — | — | — | — |
| NOTE | OTC | — | — | — | — | — | — | — | — | — |
| PROTO-MM | LIVE | — | — | — | — | — | — | — | — | — |
NLPAY S_t IF BTC ABOVE KBTC-VAN-C-7D
CLASS BTC-VAN-C-7D
XDL PAY S_t IF BTC ABOVE K
VENUE OPT
ABS A
FILL options.fill
MAX+ UNLIM
MAX− 0.0
Convexity · vs CB mid
NO FEED · CB MID
DOM BTC-VAN-C-7D
BTC-C-78200-7d25,969.00 / 26,230.00
Limits
SIZE0.010MIN0.010FF50T_max0.00HEAD-0.01xDetA0.00xDetB0.00A/B CAP0.00
intent OKdefinition OKlegal OKpayoff OKpricing OKrisk OKcollateral OKliquidity OK
CLAIMS 0PAY S_t IF BTC ABOVE K
T — M — S —CL=LB —X-MM —X-ABS BALANCEDX-NOLIQ vs CASCADEX-REGIME CalmX-DET A 0 B 0 xV 0.000 Tmax 0.00X-ALLOC 25.0/25.0/50.0X-TSY W 0.00 cov 100.0%
WorkBBidQtyBCntPRICEASK SZACntWorkAmmQty
TimetradeIdseqPxLotsAggMMMakerTaker
T — M — S —CL=LB —X-MM —X-ABS BALANCEDX-NOLIQ vs CASCADEX-REGIME CalmX-DET A 0 B 0 xV 0.000 Tmax 0.00X-ALLOC 25.0/25.0/50.0X-TSY W 0.00 cov 100.0%
BQtyBidAskAQtymIVbIVΔΓνρAbsStrikeBQtyBidAskAQtymIVbIVΔΘρOIVolLastAbs
NO FEED · lib/options
E_B = C_B(1+r) · E_I = C_I(1−r) · RESET |E_B−E_I| > θ
BULL / BEAR
R_t 0.000
BULL ENGINE · C_B
C_B
25.00
E_B
25.00
EXPOSURE
—
PNL
—
BEAR ENGINE · C_I
C_I
25.00
E_I
25.00
EXPOSURE
—
PNL
—
EXPOSURE
—
θ
—
LAST RESET
—
C_T = C_B + C_I + C_R · REF 25/25/50
TREASURY
WAREHOUSE
C_T
100.00
C_B BULL
25.00
C_I BEAR
25.00
C_R RESERVE
50.00
C_B 25.0%C_I 25.0%C_R 50.0%
T_max
—
D_t
—
T_c = I_t − A_m
—
DVR = A_m / I_t
—
I_t
—
A_m
—
WAREHOUSE INVENTORY
NO INVENTORY FIELDS ON TREASURY
xWBTC
—
xIBTC
—
xDet_t = I_t − A_m · xDet_m = max(0, I_t − A_m) · xDet = xDet_A + xDet_B
xDet DESK
xV —
I_t IMBALANCE
—
A_m ABSORPTION
—
xDet_t
—
xDet_m MINT
—
xDet_b BURN
—
xDet_n NET
—
xDet_A · BULLISH · CALLS ABSORB
0.0000
xDet_B · BEARISH · PUTS ABSORB
0.0000
xDet
0.0000
xV = xDet_b / xDet_m
—
DVR = A_m / I_t
—
SUPPLY
0.0000
xDet is event-driven, temporary, not continuously printed. Puts absorb xDet_B · calls absorb xDet_A. xDet_m ≤ T_max. Healthy: xV > 1 (clearing faster than creation).
HEALTHC_B 25.0C_I 25.0C_R 50.0ENGINES DOWN
UNSET · live Coinbase
IdSidePxQtyLeavesSt
NO WORKING
76 SKU · CLICK TO FILL
LISTED CATALOG
76 LIVE
POS · CLAIMS · MARGIN · COLL · SETTLE
LEDGER
| INSTR | QTY | AVG | LAST | SRC |
|---|---|---|---|---|
| BULL E_B | 25.000 | — | — | PROTO |
| BEAR E_I | 25.000 | — | — | PROTO |
| xDetA | 0.0000 | — | — | PROTO |
| xDetB | 0.0000 | — | — | PROTO |