0 or 1.
Stage 1: Leverage Compression
Before resolution, Astaria may reduce maximum leverage and require positions to become safer over time. This can include:- Lower maximum leverage
- Additional margin requirements
- Restrictions on opening new highly levered positions
Stage 2: Trading Halt
During the final pre-resolution window, Astaria may halt trading in the perpetual market. This can include:- No new orders accepted
- Resting orders canceled
- Open interest recorded for settlement
Stage 3: Cash Settlement
Once the event resolves, positions settle in cash based on the terminal outcome. If the underlying market resolves to:1, the event settles as true0, the event settles as false
Purpose
Resolution Zones are designed to reduce:- Terminal-jump liquidation risk
- Disorderly execution in the final moments before resolution
- Market instability caused by discrete event settlement