Receive payouts
When a payout is available
Shortly after expiry, the protocol settles your contract from the agreed rate. Settlement usually completes within a few minutes of expiry. If the rate settled past your strike, a Receive payout button appears next to the contract. Otherwise it shows Expired.
Step 1: receive it
- Open My protections.
- Select Receive payout next to the contract.
- Approve with your passkey.
The USDC arrives in your wallet straight away.
What you receive
The gross payout less the 2% payout fee. For a gross payout of 451.13 USDC, the fee is 9.02 and you receive 442.11.
Is there a deadline?
No. A payout stays available until you receive it.
Using the payout
The payout is in USDC. Keep it in your wallet, use it for your next premium, or withdraw it to an exchange to convert. See Fund your wallet.