LongShortPairFinancialProduct

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. expiryPrice price of the token at the Pair expiration. strikePrice price associated with the covered call, i.e. the reference price for the long/short position. The tokens value at expiration is basePercentage + (1 - basePercentage) * (expiryPrice - strikePrice).
  • SimpleSucessToken: same as SuccessToken but has basePercentage set as 0.5
  • RangeToken:
  • CoveredCall: