How It Works

A transaction follows an order-ticket lifecycle. The holder states an intent, a counterparty prices it, the holder or an approved delegate authorizes it from their own wallet, and the contract settles the outcome on chain. Stormbit Labs does not select, approve, or initiate a holder’s transaction.

1. Intent

The holder selects a program, an asset they hold, a term, and a price level. Displayed terms are indicative until execution.

2. Pricing

A counterparty prices the terms. The contracts validate proposed terms on chain against configured bands before anything is authorized.

3. Authorization

The holder, or an approved delegate, authorizes the transaction from their own wallet. Collateral moves only along the coded settlement paths.

4. Settlement

At settlement the contract applies the agreed terms. Administrative settlement powers are described in the security model.

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Prime protection. For Prime, no price based liquidation occurs during the protected term. On non repayment, liquidation opens permissionlessly after maturity plus four hours. This is a product property, not protection from every form of loss or settlement obligation.