Settlement

Options expire every Friday at 08:00 UTC.

Please note that settlement is not always instantaneous. After expiry, positions may take up to ~2 hours to fully settle before they are reflected in the protocol and become available for withdrawal.

This extended settlement window can occur during periods of high volume, when the protocol requires additional time to process all exercised and expiring positions accurately and ensure proper finalization.

Additionally, Hypersurface may exercise in-the-money (ITM) options up to ~24 hours before expiry if it is optimal for the protocol.