Docs
Protocol
The accounting as formulas, the states, the invariants and every parameter, read live on the protocol page.
Open→Awarded→Released | Expired
Open→award (asset)→Settled | Failed
Open→no award in the window→Lapsed
State machines
Intent: Open, then Closing during the soft close, then Closed, then Awarded or Lapsed. Order: Awarded, then Released or Expired; for assets, Settled or Failed inside the award; for HOOKED intents, Released once the fill transfer went through the router. Seller: Active, Frozen for 7 days after repeated no-shows, Unbonding, Withdrawn. The protocol page draws them with who may call each transition.
Parameters
Every parameter is read from the program's config account, bounded in code, and changed only through the 48 hour timelock. The current values, the bounds and the queue of pending changes are on the protocol page.
