How TAVOZ works

You pick a listed coin, choose a stake in SOL and a term. The position opens when you sign and cannot be closed early. There is no leverage, no margin call and no liquidation — your maximum loss is your stake.

Two fixed terms: 6 hours and 24 hours. Expiry is rounded up to the next five minutes.

The strike is the lower of the live pool price and the median of the last 15 minutes. Using a median makes a single manipulated tick worthless.

Your payout moves inversely to the price, bounded at a total loss of your stake and at double your stake.

The premium is what you pay backers for taking the other side. It rises with pool utilisation, recent volatility and how far the coin has just moved.

A fee is charged on the stake when the position opens. Part goes to the pool that filled your short; the rest funds the $TAVOZ buyback and burn.

Each coin has its own pool. Backing one coin never exposes you to another. Backers earn premiums and fees, and cover the shorts that win.

Whatever share of the pool is locked against open shorts, the same share of every backer's position is locked. Nobody can exit ahead of anyone else. The rest is released as positions settle.

The settle price is the median of valid samples in the 15 minutes before expiry, read from the coin's canonical on-chain pool.

If the price window is unusable — too few samples or too large a gap — the position is voided and stake, premium and fee are returned in full. You can also void a position yourself six hours after expiry if nothing has settled it.

Part of every fee accumulates in a queue that buys $TAVOZ and burns it. Each buyback and burn is published with its transaction signature. Holding $TAVOZ is not a claim on any pool or on revenue.

Customer collateral, protocol fees and the treasury are kept in three separate places that never mix. Upgrade and admin rights sit with a multisig, and admin changes are time-locked.