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Settlement

Settlement

Once a day after the US close, the pot is closed, split, turned into Stock Tokens and sent to grain vaults.

Settlement runs daily at 20:30 UTC, after the US close.

Who triggers it

Anyone can trigger settlement once the time has passed. The caller gets gas reimbursed from the pot, up to a cap.

Steps

  1. Close the pot.
  2. Take 5% to Treasury.
  3. Run the Crown cascade.
  4. Run the Flow distribution.
  5. Buy basket tokens with USDG through the Router at oracle-bounded slippage.
  6. Transfer tokens into grain vaults.
  7. Emit Settled.

Settlement Call

Shell II holders can make one Settlement Call per week: trigger an extra settlement early if the pot exceeds the configured minimum.