Status

An overview of the states indicating the status of the settlement process

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

DIVA Protocol Status	Description
Open	No value has been submitted yet.
Submitted	A value has been submitted by the data provider and is subject to challenge.
Challenged	The final value submitted by the data provider has been challenged by position token holders.
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.

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.