XX EXCHANGETERMINAL
PRODUCTX / BTC / xWBTC / xIBTC / xDet
BTCSIM
TRADE ——
MARK ——
SETTLE ——
SESSION— ****
CODARMED
MDDOWN
REGIMECalm
MATCHINGDOWN
FEEDLIVE
CLOCK19:15:25.106Z00:45:25 IST
SESSION —TOKEN ****NODE MATCHING DOWNMD COINBASE DOWNCOD ARMEDT/O 15:00ROLE —
CMDARM ○SIZE 1BTC-USD
TRADE — —MARK — —SETTLE — —│CB —BN —│REG Calm│BULL 25.0 E 25.0 u 1.00│BEAR 25.0 E 25.0 u 1.00│TSY 50.025/25/50│xDet n 0.00 A 0.00 B 0.00│mint +— burn −—│Tmax — —%│MM —bps inv —BTC│HGT —FEE —AGG OI —BN PROXYBYBIT PROXYCB —PROXY PFCG —
CMDCOMMANDDSKDESKSBOOKBOOKSOPTOPTIONSXDETXDET DESKTSYTREASURYMKTMARKETSMMPROTOCOL MMSURVSURVEILLANCESCNSCENARIOSSESSSESSION
OS
WORLDWORLDRISKRISKCREATECREATEEXECUTEEXECUTEPORTFOLIOPORTFOLIOCOLLATERALCOLLATERALCLEARINGCLEARINGWAREHOUSEWAREHOUSEHEALTHHEALTHPOLICYPOLICYDATADATAAUDITAUDIT

TREASURY

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
—
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
—
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%
X-LADDER 20BTCLAST — MARK — MID — SPR 0tVOL — / —EMPTY BOOK0.5
WorkBBidQtyBCntPRICEASK SZACntWorkAmmQty
RESTRICTED · MULTI-SIG · HSMX EXCHANGE · TERMINAL 3000 · AIR-GAP19:15:25.130Z
X
X EXCHANGE
CLOSED-DOOR DESK · 3000
SELECT ACCESS · THEN AUTHENTICATE
CLASSIFICATION · RESTRICTEDMULTI-SIG HSM · NO REMOTE ATTESTCHANNEL SEALED