Every number on this page is read straight from the live Parabol² contracts, every 30 seconds. The contracts refuse any buy that would break the limits below.
Bear² reserves its worst case: the most every open Bear² token could ever pay is capped by the price floor and must stay under 80% of the vault's cash. Bull² has no fixed cap, so its vault hedges with the stock tokens and limits what it can owe to a share of its value.
Room is the largest single buy the contract accepts right now. Carry is the daily holding cost, set per market.
| Bull² | Bear² | ||||||
|---|---|---|---|---|---|---|---|
| Market | Owed now | Market limit | Room for one buy | Carry / day | Worst case reserved | Room for one buy | Carry / day |
| Reading the contracts… | |||||||
Bear² · worst case fully reserved Σ max payout ≤ 80% × vault cash max payout = tokens × price at the floor Bull² · hedged, exposure capped owed per market ≤ 40% × vault value owed in total ≤ 50% × vault value vault value = holdings − owed coverage = vaults hold ÷ owed right now