TAPER

Getting started

TAPER is not live yet. The app at /app runs in preview: it reads Solana mainnet, shows every quote and preview, and its transaction buttons read "Opens at launch".

As a holder

  1. Hold NVDAx, AAPLx or TSLAx in a Solana wallet.
  2. Open the app, choose the stock, enter an amount and deposit before the session opens. Deposits wait while a day is live.
  3. After each close, your share of that day's premium is claimable in USDC.
  4. Withdraw any time no day is live. You get your share of the vault's xStock, which is smaller after a day the stock ended above a strike.

As a trader

  1. Hold USDC on Solana.
  2. Open the app during the session, pick a stock and one of the day's five strikes.
  3. Enter how many calls or how many dollars. The quote shows the premium and the 10% fee; you sign with a cost limit.
  4. After 4 pm, if the stock ended above your strike, claim your payout in the stock token.

Times

EventNew York time
Day can be listedFrom 9:30 am
Sales stop3:50 pm (12:50 pm on early-close days)
Settlement priceThe pool's mean price over the 15 minutes before the bell
No sessionWeekends and NYSE holidays