Instructions
- Initialize
- Creates a covered call or protected put volt. Accepts parameters specifying target expiry (within a small epsilon), target underlying amount per contract, underlying asset mint, and quote asset mint.
- Start Round
- Begins the new epoch, resetting the FSM and initializing epoch-specific accounts.
- Set Next Option
- Choose the strike for the option on a given epoch
- Rebalance Prepare
- Deposits collateral in options protocol, mints tokens representing option.
- Reset Option
- Resets the option, allows the volt to set and mint a new one. Only works if the previous option had not been sold to the highest bidder yet
- Init Serum Market
- Initializes a permissioned serum market via volt-specific PDAs, and passes in the previously set auction parameters.
- Rebalance Enter
- Sells the minted option token to best bid
- Rebalance Settle
- Settles the current options, reclaims collateral from the options protocol being used, and aggregates user assets into a single token account.
- End Round
- Ends the current epoch, mints volt tokens for processed depositors, retrieves underlying asset for processed withdrawals.
- Bypass Settlement
- Skips the settlement process if not necessary, such as if the volt was running an alternative strategy in a given week.
Last modified 5mo ago