LSP token
Has four functions: * create * redeem * expire * settle * requestEarlyExpiration
Types
- Linear payout:
-
SuccessToken: pays out a fixed amount (basePercentage) of the collateral as floor with the rest acting as an embedded covered call/option i.e. when price is above the strike price then the long token gets the basePercentage of the total collateral plus the strike price.
expiryPriceprice of the token at the Pair expiration.strikePriceprice associated with the covered call, i.e. the reference price for the long/short position. The tokens value at expiration isbasePercentage + (1 - basePercentage) * (expiryPrice - strikePrice). - SimpleSucessToken: same as SuccessToken but has basePercentage set as 0.5
- RangeToken:
- CoveredCall: