Simulation. Illustrative parameters.
simulator
play a halt, block by block.
Model one 30-day cover period with one halt. Switch roles to see the same event from the buyer, the vault and the first-loss stakers. Rates, fees and the waterfall come from one illustrative configuration.
status: contracts not deployed · $STALL not launched
timeline · 1 block ≈ 2 s · not to scale
outcome if a 1 h 15 min halt occurs
1 h tier triggered · thresholds crossed: 15 min, 1 h
- premium paid
- −400USDC
- payout received
- +10,000USDC
- net result
- +9,600USDC
| cover sold | 10,000 |
|---|---|
| premium (4%) | 400 |
| payout to buyers | 10,000 |
| first-loss absorbed by stakers | −10,000 |
| paid from vault | 0 |
| buyer net | +9,600 |
| underwriter net | +360 |
| staker net | −9,980 |
fee split · protocol fee 10% of premiums
| credited to vault (90%) | 360 |
|---|---|
| to stakers (5%) | 20 |
| buy and burn (5%) | 20 |
| capacity (vault + first-loss) | 1,100,000 |
One 30-day period, one halt. All cover in the tier is treated as one position. Amounts in USDC. Illustrative parameters, not live.