Vault Life Journey

typus vaults will go through this journey in their life cycle creation auction delivery settlement creation when a vault is created, the vault enters its warmup period vault depositors (option sellers) https //docs typus finance/vault depositor option seller are able to deposit or withdraw anytime from warmup balance before auction starts auction once auction starts, it's the solo time for vault bidders (option buyers) https //docs typus finance/vault bidder option buyer to step into the auction and bid for their desired positions now the vault turns into its lockup period and all positions are activated into active balance from warmup balance , depositors are able to unsubscribe anytime from active balance before the settlement your deposit during the lockup period will not go into the ongoing auction, but you still can deposit whenever you want as long as there is capacity in the next round unsubscribing funds will involve a 2 step process send a request to unsubscribe funds your active balance will be moved to deactivating balance come back to claim your funds once the lockup period ends ( vault settlement https //docs typus finance/vault settlement ) the auction mechanism is elaborated in the https //docs typus finance/modified dutch auction delivery when an auction ends, the vault stays at lockup period but the option premium (depositors reward) will be delivered from vault bidders (option buyers) https //docs typus finance/vault bidder option buyer to vault depositors (option sellers) https //docs typus finance/vault depositor option seller , so vault depositors (option sellers) are able to harvest or compound their rewards anytime if your deposit is filled successfully, it will be in active balance during the lockup period otherwise, your deposit will stay in warmup balance and you can withdraw it anytime details are described in https //docs typus finance/auction delivery settlement on the expiration date of an option strategy, the vault will be settled by a settlement price , the level of the underlying market price at the time of execution we use pyth 1 hour emap as the settle price the profit and loss of vault depositors (option sellers) https //docs typus finance/vault depositor option seller will be calculated by the strike price and settlement price then the vault evolves into the next round, the life of another round has begun, and the remaining funds of vault depositors (option sellers) will be auto reinvested in the next round go check more at https //docs typus finance/vault settlement