Activate protection

Protection becomes active the moment your purchase is recorded on Stellar.

Step 1: review

Select Review protection and check the amount, length, strike, limit, total cost and maximum payout.

Step 2: confirm and approve

Select Confirm protection, then approve with your passkey. The transaction is submitted with its network fee covered.

What happens when you confirm

In one transaction:

1. The quote is checked: it must be signed by the protocol, no older than 120 seconds, not used before, and for your account.
2. The pool checks that its underwriters still have enough free capital for the full reserve.
3. You are charged the premium plus the platform fee. If the cost would be higher than the quote, the purchase fails instead.
4. The reserve is locked from the underwriters who back the contract, and they receive the premium.
5. Your contract is created with its expiry.

If any check fails, nothing is charged.

Afterwards

The app shows Your exposure is protected and the contract appears in My protections.