SOL

Bet on whether the price of SOL increases or decreases from today's 6am snapshot price.

Betting Open: 6am ET same day

Betting Close: 12pm ET same day

Betting Settlement: 6am ET the following date

Oracle: https://pyth.network/price-feeds/crypto-sol-usd

Details:

Every day at 6am ET, a new Up or Down market for SOL opens. Upon opening, the protocol pulls the SOL price at 6am ET from a Pyth price feed and stores it in the onchain contract.

From 6am ET to 12pm ET, users can freely deposit and withdraw into/from the two pools, the Up pool, and the Down pool. Depositing into the Up pool means that you are betting that the SOL price is higher at 6am ET the next day than 6am ET today. Vice versa, depositing into the Down pool means that you are betting that the SOL price is lower at 6am ET the next day than 6am ET today.

At 6am ET the next day, the onchain contract pulls the SOL price and compares it to the price taken as a snapshot at 6am ET the day before. If the SOL price today is higher than the day before, then depositors in the Up pool win the funds in the Down pool, after a 1% fee is taken, and vice versa, if the SOL price today is lower than the day before, then deposits in the Down pool win the funds in the Up pool, after a 1% fee is taken.