Purpose
Option payoffs are nonlinear in spot and their value decays with tenor; these properties are more readily internalized through observation than specification. Demo Mode exposes the full protocol state machine to any user, denominated in play SOL, an in-app balance with no monetary value.
Initialization
- Open the Oracle app.
- Enable Demo Mode. A play SOL balance is credited.
- Instantiate or index a token, seed a pool, and open calls and puts as with live SOL.
Simulated Components
- Premium quotes and early-close values, computed by the same pricing engine as live markets.
- The pool admission constraint and per-contract concentration limit.
- Settlement of positions at expiry.
Isolation Guarantees
Play SOL is non-withdrawable, non-transferable, and non-convertible. Demo positions are fully isolated from live pools, and demo outcomes carry no predictive value for outcomes with live collateral.