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What is 0DTE? One token, one day, four market moods
A plain-English introduction to the 24-hour onchain market game and the choices inside every epoch.
0DTE is an experimental 24-hour onchain market game. Each epoch asks one compact question: what kind of tape will the next day produce?
Instead of choosing a conventional trade, participants bond 0DTE into one of four market moods. The protocol later settles those bonds against the change in its time-weighted average price.
The four moods
The names are intentionally simple enough to read at a glance, while the underlying paths preserve explicit settlement boundaries.
- UP / Moon — a directional call for a rising market.
- DOWN / Nuke — a directional call for a falling market.
- VOL / Gamma — a call for movement in either direction.
- CHOP / Crab — a call for a market that stays inside a range.
Bond, settle, claim
A bond is a deliberate protocol action, not a passive wallet rebase. Entry closes before settlement. When the epoch ends, the protocol compares closing TWAP with opening TWAP and determines which configured paths won.
Winning bonds may amplify. Losing bonds contract according to the selected path. The result can be claimed or, when available, compounded into a later epoch.
What 0DTE is not
0DTE is not a stablecoin, not an options contract, and not a promise of yield. It is an experimental onchain game with token, liquidity, oracle, contract, keeper, and market risk.
Bonded 0DTE can contract significantly or go to zero. Read the mechanics before participating and verify every official link from 0dte.fi.