Options Settlement

A well-defined payoff.

The settlement function is part of the Optio smart contract code.

By default, options contracts will expire to the first oracle price update after expiration. Each contract has a failsafe mechanism to ensure that this settlement function is called within an acceptable deviation from the contract-defined expiration time.

The settlement function is called by Optio. In the event that contracts are not automatically settled, Optio-Admin can manually settle the contract.