Settlement

Settlement can only be done under the following conditions:

• Taker exercising their right

• Upon expiry of the trade

• Upon both parties in the trade accepting Zap Requests

• By a miner

Process flow:

• Check settler wallet address

• Check if current timestamp > expiry timestamp

• Check hedge type and execute appropriate settlement calculations

• Execute settlement, crediting and debiting the parties

• Tax settlement value to profiteer only as settlement fee

• Credit the protocol wallet and miner wallet with fees collected

• Unlock collateral balances to both parties if any

Both parties will now have their collateral they used on the trade restored back into their withdraw-able balances.

They can proceed to withdraw or enter more trades with it.