Swap

Close a fallen position, get paid for it

Liquidations leave the treasury holding one side of a market. Deliver the opposite side and the pair merges into exactly $1 of pUSD — you are paid your side's fair value plus a share of what the protocol recovers.

Seized inventory

Anyone can close these

Loading…

On this testnet the inventory is seeded by the demo faucet; on mainnet it arrives from liquidations.

Deliver

Select a holding to quote a swap against it. The payout is the contract's own figure, priced off the same oracle the swap will use.

Why this exists: seized collateral is a bet the protocol never chose to hold, and the order book it would sell into settles off-chain, out of a contract's reach. So the book comes here instead — the swap is atomic, permissionless and self-funding, and if nobody comes, the treasury simply holds to resolution.