BracketX Passage gives users the ability to play volatility without having to know what direction price is moving. This is useful because crypto assets like ETH tend to have moments of extreme volatility followed by longer periods of sideways movement. These non-trending conditions make it hard to predict if price will move up or down within a 2-day window. Passage repackages what would be a difficult options strategy into a simple and fun market where traders can decide, volatility or no volatility? Further, Passage has an order book and the ability to "sell-back" a contract, which further increases the product's usefulness compared to rigid prediction markets.

Brackets have preset terms (e.g. 15 days) but each term begins at time of purchase, there is no common expiry. As such, claims can be made at any time within the term but you can simply wait until the end of the term and if in-the-money, BracketX will auto-claim for you. The payouts will be in USDC. All claims must be made by the wallet that has the NFT associated with the bracket. Channel and Epoch products have auto-expiration when the channel first breaks out of the range or terminates at the end of the term. As such, there is no manual claim for those two products

BracketX offers ETH-denominated markets on Arbitrum. BracketX tracks assets like BTC, ETH, and BNB.