> For the complete documentation index, see [llms.txt](https://ketro.gitbook.io/ketro-docs/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://ketro.gitbook.io/ketro-docs/faq.md). # FAQ #### What happens when my market resolves? The position redeems for $1 or $0. If it wins, the redemption repays the loan and the surplus returns to you. If it loses, the collateral is worth nothing and the shortfall is written off against lenders — which is why the loan is capped at half the position's value. #### What if it resolves while my loan is still open? `settleResolved` redeems the position and repays the debt from the proceeds. The protocol's bot calls it unprompted; the call is permissionless and also available from the app. Without it, a resolved market would leave collateral frozen with nothing left to price it against. #### Can I be liquidated by a price glitch? New loans are sized off the lower of the best bid and a trailing minimum, so a momentary spike cannot inflate one. A genuine fall applies immediately — smoothing a real collapse would only delay the liquidation that answers it. #### Who runs the price feed? The protocol does, and that is a stated trust assumption, not a footnote. What bounds it: liquidating pays the caller nothing, seized collateral lands in a timelocked treasury, and total exposure is capped. See Oracle and trust assumptions. #### Who runs liquidations? The protocol, for now. Seized collateral goes to the treasury rather than to the caller, so there is no profit in liquidating against a price the protocol itself published. Public liquidators would require a payout path — and with it, an independent price source first. #### What happens to my collateral after a liquidation? It stops being a bet. Seized positions go to a treasury contract with a permissionless complement swap: anyone delivers the opposite outcome, the pair merges back into pUSD at the CTF's fixed $1, and the deliverer is paid for it. #### Can a market stop being accepted as collateral? Yes — through the adapter's liquidity flag, moved only by its owner. The backend can block a market in the API and page an operator, but it cannot change what the pool accepts: it deliberately holds no key for that. #### Can I withdraw at any time? Whenever the pool holds free liquidity. Funds currently lent out are not withdrawable until repaid — that is the trade for the yield. #### Has this been audited? No. The contracts are public and the parameters are stated in full, and neither of those is an audit. Conservative LTV and the early-close ramp reduce the risk of loss; they do not remove it. --- # Agent Instructions This documentation is published with GitBook. GitBook is the documentation platform designed so that both humans and AI agents can read, navigate, and reason over technical content effectively. Learn more at gitbook.com. ## Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter, and the optional `goal` query parameter: ``` GET https://ketro.gitbook.io/ketro-docs/faq.md?ask=&goal= ``` `ask` is the immediate question: it should be specific, self-contained, and written in natural language. `goal` is optional and describes the broader end goal you are ultimately trying to accomplish on behalf of the user. GitBook uses it to tailor the answer towards what is most useful for that goal. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.