Function policyFromBcs

Parameters

• p: {
      delay_ms: bigint;
      gap_wait_ms: bigint;
      min_sell_quantity: bigint;
      mint_capacity: bigint;
      order_fee: bigint;
      per_account_cap: bigint;
      pyth_channel: number;
      pyth_price_buffer_ms: bigint;
      sell_capacity: bigint;
      settle_payout_batch: bigint;
      settle_refund_batch: bigint;
      stall_timeout_ms: bigint;
      stuck_threshold_ms: bigint;
      svi_max_age_ms: bigint;
  }

  • delay_ms: bigint

    Latest τ may fall after placement. τ rounds down to the policy channel's tick at or before t₀ + delay_ms.

  • gap_wait_ms: bigint

    Commit accepts a backup tick for a cohort only once now is this far past its τ.

  • min_sell_quantity: bigint

    Smallest early-sell close quantity.

  • mint_capacity: bigint

    Most unfinished queued mints per market.

  • order_fee: bigint

    Flat fee charged at placement. Kept on a fill and on limit or admission refunds; returned on every other refund.

  • per_account_cap: bigint

    Most unfinished queued orders per account per market.

  • pyth_channel: number

    Pyth Lazer channel new orders are priced on: 2 (fixed_rate@50ms) or 3 (fixed_rate@200ms). Its tick period is τ's grid. Each order stores the channel it was placed under.

  • pyth_price_buffer_ms: bigint

    Switches the backup tick on or off. 0 accepts only the update stamped exactly τ. Above 0, once now is gap_wait_ms past τ, a cohort also accepts its single backup: the update stamped one tick of its own stored channel after τ. The value is not a window: the setter keeps it at 0 or one tick of the policy channel.

  • sell_capacity: bigint

    Most unfinished queued sells per market.

  • settle_payout_batch: bigint

    Most records one settle_step call visits while paying Open records.

  • settle_refund_batch: bigint

    Most records one settle_step call visits while refunding leftover orders.

  • stall_timeout_ms: bigint

    Sets each order's deadline: max(min(τ + stall_timeout_ms, expiry), last deadline). At or past it the order is refunded, never filled.

  • stuck_threshold_ms: bigint

    Placement refuses new orders while an uncommitted cohort is this far past its τ with nothing newer committed, or while two or more uncommitted cohorts are each this far past their τ.

  • svi_max_age_ms: bigint

    Oldest Block Scholes SVI a placement accepts into an order's volatility snapshot.