Close a pool

A pool cannot be deleted, because it must keep settling the contracts it has sold. You close it by stopping sales and withdrawing capital as contracts expire.

Step 1: stop new sales

Turn off every tenor on the pool's page. Hedgers can no longer buy from the pool.

Step 2: withdraw your free money

Withdraw what is not reserved. See Withdrawals.

Step 3: wait for contracts to settle

Each contract settles shortly after its expiry. Its unused reserve returns to its backers' free money. The latest expiry in the pool tells you when the last one ends.

Step 4: withdraw the rest

Once every contract has settled, all remaining capital is free. Withdraw it. Other underwriters withdraw their own capital the same way.

Creator earnings

Your 5% share of the pool's fees is held for you separately from the pool's capital, and only you can withdraw it.