CouponMarketsHow it worksFAQDocsLaunch app
Sections
Pricing
How the fixed rate is builtForward rate & volatility
Risk & positions
Risk (PV01 / DV01)Mark-to-market & early exitCashflows & accruals
Pool & market
Pool mechanicsTerm curve & volatility bandMarket-wide stats
Reference
Fees, formatting & conversionsGlossary of parameters

Fees, formatting & conversions

Small utility conversions that feed almost every other figure in this reference.

WAD, bps, and USDC display rules
WAD ↔ percent = value / 1e18 × 100bps formatting = 4dp, exact bigint mathUSDC display = half-up rounding to the centExit fee in bps = fee / notional × 10,000quote/format.ts