// Full-cycle market protocol

The market closes. TIDE keeps moving.

Spot between two daily opening auctions. Every window has one official open.

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Reading contract time
—
Flood
Ebb
Slack

One market.
Two rhythms.

Flood is the live session. Twice a day, Ebb opens a two-hour market for the next official price. Slack clears the book at the end.

DAILY AUCTION WINDOWS 2 cycles × 2 hours · Europe/Madrid
FIRST WINDOW 10:00–12:00
SECOND WINDOW 22:00–00:00
Spot between windows
Spot between auction windows

Flood

Spot is live outside the two daily opening-auction windows. Buy and sell $TIDE at the market.

Action
Trade the spot asset
Output
Previous close
Two windows daily
10:00–12:00 · 22:00–00:00 Madrid

Ebb

Each two-hour window queues opening orders and positions on where the next session begins.

Action
Queue orders and positions
Output
Opening interest
Final 5 minutes
Final 5 minutes of each auction window

Slack

The book locks for settlement. One clearing price becomes the next official open.

Action
Lock and clear the book
Output
Official open
Flood
// Auction engine

One book.
One opening price.

Valid bids and asks placed outside regular hours enter a uniform-price auction. The selected price is the one that unlocks the most executable volume.

5% Additional premium on orders placed after hours
Eligible bids Uniform-price auction Eligible asks

Queue

Interest queues up for the next session.

Match

The protocol maximizes executable volume.

Clear

Every matched order executes at a single price.

// Predictions

Above or below.
Nothing leveraged.

Commit ETH to one of two user-funded pools: ABOVE if the official open is higher than the previous close, or BELOW if it is lower. These are parimutuel predictions, not leveraged spot trades.

Settlement
Winners share 95% of both pools. Exact equality or an empty side returns every stake.
Where will the next session open?
Open strictly higher

Above

Condition
OPEN > PREVIOUS CLOSE
Reference
Previous close
Open strictly lower

Below

Condition
OPEN < PREVIOUS CLOSE
Reference
Previous close

Deterministic
by design.

Each phase leads to a verifiable market event.

01
Time
The contract clock determines the active surface.
02
Volume
Opening price maximizes executable volume.
03
Uniform
Every match executes at the same price.
04
Aligned
After-hours and prediction fees fund on-time rewards.
// Rewards

Fees return
with the tide.

Revenue from after-hours orders and prediction trades is distributed to spot holders as rewards.

After-hours market
Order fees
Prediction market
Trade fees
Distribution
$TIDE spot holders
Protocol rewards

Know the cycle
before you trade it.

Clear answers to the rules that define TIDE.

During Flood, users can buy and sell the spot asset like a normal token. Flood runs between the two daily after-hours auction windows.

Ebb runs twice every day in Europe/Madrid: 10:00–12:00 and 22:00–00:00. Each window is two hours. Users can queue bids and asks for the next session with an additional 5% premium, and take Above or Below positions on the next opening price. The final five minutes are Slack, when the book locks for settlement.

The opening auction selects the price that maximizes total executable volume. Every matched opening order executes at that same clearing price.

ABOVE wins when the official open is strictly higher than the previous close. BELOW wins when it is strictly lower. Exact equality, or an empty pool on either side, voids the market and returns every user stake without a fee.

The opening auction charges 5% on executed volume. A non-void prediction round sends 5% of the complete ABOVE + BELOW pool to rewards; the remaining 95% is distributed pro rata to the winning pool.

TIDE

Trade the full cycle.

Spot between the two daily auction windows. Opening orders and predictions in Ebb. One official price in the final five minutes of Slack.

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TIDE PROTOCOL 2026