The contract settles on the range containing the measured result for “What price will Ethena hit in 2026?”

The available value bands are ↓ 0.04, ↑ 0.32, ↑ 0.36, ↑ 0.40, ↑ 0.44, ↑ 0.48, ↑ 0.52, ↑ 0.60, ↑ 0.70, ↑ 0.80, ↑ 1.00, and ↑ 1.20.

The exact metric, reference period, source, rounding method, and treatment of range boundaries are documented in the Resolution Rules below.