Term Structure

Machine commerce has a forward curve: weekly tenors, quoted continuously, cash-settled against the oracle print.

You can lock in next month’s price of machine work: weekly contracts, paid out in cash against the official rate.

The quote corridor · where the maker tradesThe price corridor · where the dealer buys and sells

The desk · on-chain futures (ACRFutures)The trading desk · real futures on the blockchainarchived editiona saved copy

Index	Maker bookDealer’s position	Open interestContracts open	Avg priceDealer’s average	UnrealizedPaper P&L	RealizedBanked P&L	ExpirySettles	TradersPlayers	SeriesRound
ACR-INF · Inference	−0.3 short	0.3	0.49112	−$0.06	−$0.04	Sep 24, 2026 · 13:28 UTC 12d 19h	2	#11
ACR-GPU · GPU Compute	flat	0.0	flat	$0.00	$0.00	Sep 24, 2026 · 12:58 UTC 12d 18h	2	#10
ACR-DATA · Data Delivery	flat	0.0	flat	−$0.00	−$0.00	Sep 24, 2026 · 12:27 UTC 12d 18h	2	#9

Contract sizeWhat one contract is worth ACR-INF10× · $4.98 at the current markat today’s price

MakerWho is on the other side ACR-INF0x9D44…88d2 our Circle developer-controlled wallet. It takes the other side of every fillour own wallet. It takes the other side of every trade

SettlementHow it pays out ACR-INFcash, against the oracle print at expiryin cash, against the official rate when it settles

Every fill is mirrored by the maker; at expiry positions cash-settle against ACROracle.latestPrint on-chain. No delivery needed.Every trade is matched by the dealer; at the deadline each contract against the official on-chain rate. VenueContract 0x29d9…42fe.

Fills against the oracle · ACR-INFTrades against the official rate · ACR-INFevery dot is one on-chain fillevery dot is one real trade

No fills on this series yet. The first one prints here.No trades on this round yet. The first one appears here.

The dashed line is the on-chain print these contracts cash-settle against; the gap is the basis, in basis points.

The dashed line is the official rate these contracts against. The space between is .

The tape · live on-chain fillsThe trade feed · real trades on the blockchainarchived · awaiting the live venuesaved · waiting for the live market

awaiting fills: the desk is quiet, and fills print here the moment they land on-chainwaiting for trades: the desk is quiet, and trades appear the moment they happen

The public deskTrade it yourself

AccountMake a wallet · you are here
PINChoose a PIN · not started
StakeGet 50 cents · not started
CollateralPut it up · not started
TradeTrade · not started

step 1 of 5step 1 of 5

the desk needs a live press or a direct chain read to mint wallet challenges. Archived editions are read-only. The free-tier press wakes on first visit (~60s); this page keeps retrying and the desk opens by itself.trading needs our server, which naps between visits; keep this page open and the desk appears by itself in about a minute.

Quotes

Index	TenorWeeks out	Bid	Mid	Ask	Spread (bp)Gap (bp)
ACR-INF · Inference	1W	0.48989	0.49113	0.49236	50.4
ACR-INF · Inference	2W	0.48988	0.49113	0.49238	50.8
ACR-INF · Inference	4W	0.48987	0.49114	0.49241	51.6
ACR-INF · Inference	8W	0.48985	0.49116	0.49247	53.2
ACR-GPU · GPU Compute	1W	0.010805	0.010832	0.010859	50.4
ACR-GPU · GPU Compute	2W	0.010804	0.010832	0.010859	50.8
ACR-GPU · GPU Compute	4W	0.010804	0.010832	0.010860	51.6
ACR-GPU · GPU Compute	8W	0.010803	0.010832	0.010861	53.2
ACR-DATA · Data Delivery	1W	0.0020235	0.0020286	0.0020338	50.4
ACR-DATA · Data Delivery	2W	0.0020235	0.0020286	0.0020338	50.8
ACR-DATA · Data Delivery	4W	0.0020234	0.0020286	0.0020339	51.6
ACR-DATA · Data Delivery	8W	0.0020232	0.0020286	0.0020340	53.2

An Avellaneda–Stoikov maker quotes both sides of the latest print; the weekly future settles in cash on ACROracle at 10× the index: $4.98 a contract at today's mark.

An automated quotes both sides of the official rate; weekly contracts against it, and one contract is worth about $4.98 at today's price.