Contract start

  • Let's imagine a new collection, pumping right now : the Grumpy Grandpas that minted a few days ago on September 1st and is pumping right now, with a floor at 1 ETH at 10am on September 3rd.

  • On BullvBear, it is available to trade for with :

    • Security Deposit = 0.6 ETH

    • Settlement Price = 0.8 ETH

    • Settlement deadline : September 4th, 10 am.

  • The first user who will want to trade does not have, by definition, someone to match with. Let's assume it is the Seller (but it could as well be the Buyer). In order to get into the trade, he is going to sign a WETH transaction for 0.6 ETH + fees. He needs to have the amount of WETH committed in his wallet to sign this order. The WETH will not actually be taken from his wallet then, but only when a match will be found.

  • When a Buyer is found to match the Seller, the Buyer will use the Seller's signature to start the Contract. 0.8 ETH + fees will be taken from the Buyer, 0.6 WETH + fees will be taken from the Seller and the Contract will start.

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