Position market / state mapEnabled market chains
01 / ReadyNo positionA new auction can open after the active conditions are met.
02 / AuctionToken lock bidsOpen the token page to inspect and bid.
03 / OwnedFees accrueThe active owner receives eligible fees up to the cap.
04 / ListedFixed-price saleCollection pauses while the position is for sale.
Ownership moves the remaining cap. A secondary sale never resets payout history.
Market states
Live position action consoleState decides the next action
01AuctionOpen the token pageInspect the active round and place a token-lock bid.
02ListedBuy the exact askAcquire the owner’s remaining payout cap atomically.
03OwnedManage the positionReview payout progress, collect when eligible, or list.
04ReadyOpen the token pageStart or inspect a round when the active grace and configuration allow it.
The chain label controls the settlement asset and protocol path. The market state controls what you can do next.