Kappis

Epochs

Monthly cycles settling on the third Friday · all times America/New_York

Epoch timeline

OpenAuctionTradingSettlement windowSettled
open window Sep 27, 8:00 PM EDTauction scheduled at opensettle window Oct 17, 11:30 AM EDT → Oct 17, 12:00 PM EDT

September 2026

open windowsettle windowauction slotclosed
Sun
Mon
Tue
Wed
Thu
Fri
Sat

Settlement-day disqualification reasons

A settlement day must pass oracle qualification. If it fails, settlement slips to the next trading day (checked up to five days per call); after 30 days the terminate fallback engages.

  1. 01Weekend / market holidayNo regular session — day skipped automatically
  2. 02Feed stale or haltedOracle rounds not updating within the session
  3. 03Missing rounds in windowTWAP window incomplete (fewer rounds than required)
  4. 04Non-monotonic answersRound timestamps out of order
  5. 05Pool band breachPool TWAP deviates > 3% from feed TWAP
  6. 06Answer out of gross bandS outside [P0/4, 4·P0]
  7. 07Bad answer valueNon-positive or nonsensical price
  8. 08Too few observationsPool cardinality below minimum