# Status

DIVA Protocol has three values to indicate the status of the settlement process:

<table><thead><tr><th width="150">DIVA Protocol Status</th><th>Description</th></tr></thead><tbody><tr><td>Open</td><td>No value has been submitted yet.</td></tr><tr><td>Submitted</td><td>A value has been submitted by the data provider and is subject to challenge.</td></tr><tr><td>Challenged</td><td>The final value submitted by the data provider has been challenged by position token holders.</td></tr><tr><td>Confirmed</td><td>The final value is confirmed, payouts for long and short position tokens have been determined and position token holders can start redeeming their position tokens.</td></tr></tbody></table>

To provide users additional information about the settlement process, the DIVA App implements additional states "Expired", "Fallback" and "Confirmed\*". All states used in the DIVA App are listed below:

| DIVA App Status | Description                                                                                                                                                                                                                                                                                                                                                                     |
| --------------- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |
| Open            | Pool has not expired yet.                                                                                                                                                                                                                                                                                                                                                       |
| Expired         | Pool has expired but the final value input from the data provider is still pending.                                                                                                                                                                                                                                                                                             |
| Submitted       | A final value has been submitted by the data provider.                                                                                                                                                                                                                                                                                                                          |
| Challenged      | The final value submitted by the data provider has been challenged by position token holders.                                                                                                                                                                                                                                                                                   |
| Fallback        | The data provider failed to submit a final value within the 24h submission period. The fallback data provider has 5 days to step in and submit a value. A submission by the fallback data provider should only be expected for whitelisted data providers. For non-whitelisted data providers, it's up to the the fallback data provider's discretion to submit a value or not. |
| Confirmed\*     | The final value is technically confirmed and will be updated during the next transaction in the DIVA smart contract.                                                                                                                                                                                                                                                            |
| Confirmed       | The final value is confirmed, payouts for long and short position tokens have been determined and position token holders can start redeeming their position tokens.                                                                                                                                                                                                             |