KEEP THE POSITION.
PROTECT THE
DOWNSIDE.
Watchman buys short-duration Down Event Contracts on DreamDEX to offset a defined amount of downside on your BTC or ETH position, then shows you exactly what the hedge did.
No wallet or funding needed. Demo mode runs the whole pipeline in simulation.
15 MIN / 1 HR
Short protection windows
LIVE MARKETS
Cheapest valid Down quote
FULL RECEIPT
Exact realized protection
YOU EITHER SELL, OR YOU EAT THE DROP.
01
Selling costs you the position
You wanted the exposure. Closing it to dodge one volatile hour means buying back higher, or watching the recovery from the sidelines.
02
Perps add a second problem
A short hedge brings funding costs and a liquidation price. Now you are managing the hedge as carefully as the position it was meant to protect.
03
Options aren't really available
Short-dated on-chain puts on the size a normal holder actually has? Not practically, and not in the next fifteen minutes.
DreamDEX already lists short-duration binary Event Contracts that could hedge this. They're a raw trading primitive, and someone still has to find the right market, size it against real exposure, and execute before the window closes. Watchman is that missing layer.
FOUR STEPS. NOTHING HIDDEN.
- 01
QUOTE
Watchman scans live DreamDEX markets and finds the cheapest Down contract that is actually trading right now.
- 02
HEDGE
It sizes the position against your premium budget and available liquidity, then buys enough contracts to cover the exposure you chose.
- 03
WATCH
The settlement agent tracks the contract on-chain until its window closes, and redeems the winning side automatically.
- 04
RECEIPT
You get a receipt showing what the market did, what the hedge paid, and the exact difference between them.
Runs against live DreamDEX markets in demo mode.
FIVE INPUTS. ONE LIVE QUOTE.
Choose the asset, how much exposure you're carrying, how much of it to protect, the window, and the most you'll pay. Watchman quotes the real market and tells you what it can actually fill.
- Asset: BTC or ETH
- Exposure: the position you're carrying
- Protection: how much downside to cover
- Window: next 15 minutes or hour
- Max premium: your hard cost ceiling
Live quote
Demo38.0¢
Down price · BTC-15M
- Down contracts
- 5,000
- Premium paid
- $1,900.00
- Max payout if it resolves Down
- $5,000.00
- Premium / covered amount
- 38.00%
NO HIDDEN OUTCOME.
When the window closes, Watchman doesn't just say “you were protected.” It shows the market move, the premium you paid, the payout you received, and the basis difference between the hedge and your actual loss.
Most products bury that gap. It is the single most important number for judging whether a hedge was worth buying, so we put it on the receipt.
WATCHMAN
Hedge receipt
- What you held
- $10,000.00 BTC
- What you bought
- 5,000 Down @ 38¢
- $1,900.00 premium · 15 min window
- What happened
- -3.00%
- −$300.00 unhedged
- What it paid
- $5,000.00
- +$2,800.00 hedged
Overshoot
+$4,700.00
The binary paid $5,000.00 against a $300.00 loss. It overshot, because a binary pays its full face value or nothing, so it rarely equals your actual loss. That gap is the number a put wouldn't have.
Worked example at a 38¢ Down price, and every figure above is computed by the same quoteHedge and calculateEffectiveness functions the product runs, so this page cannot show a number Watchman would not actually produce. Live receipts render your hedge's real settled values.
A HEDGE IS NOT A PROMISE.
Event Contracts are binary outcomes, not perfect puts. A hedge can pay out differently from the exact loss on the underlying position.
Watchman shows that difference explicitly instead of hiding it. This honesty is part of the product.
Fixed payout
A contract pays a set amount per contract regardless of how far past the boundary the market moved.
Bounded window
A 15-minute contract covers 15 minutes. A move that starts after expiry is not covered.
Real liquidity
If the book can't fill the protection you asked for, Watchman fills what it can and says so.
YOUR POSITION DOESN'T HAVE TO BE ALL OR NOTHING.
Protect a defined slice of the downside for the next fifteen minutes. Keep everything else.
Demo mode · no wallet, no funding, no setup