Stock Token Exposure
The long Stock Token leg that anchors ARRANGE's covered-call payoff.
#The underlying leg
A covered call combines long exposure with a short call on the same economic quantity. ARRANGE uses Stock Tokens as the underlying asset language for that long leg.
Coverage depends on units, not labels. Raw ERC-20 balance, ERC-8056 multiplier and share-equivalent quantity must reconcile with the call notional.
#Asset identity
- Resolve the canonical Stock Token contract rather than trusting a ticker.
- Record decimals, multiplier and share-equivalent quantity.
- Bind prices to the same asset and multiplier state.
- Apply corporate actions consistently across the long leg, strike and notional.
#Economic coverage
The long exposure and short-call obligation must remain aligned after rounding and multiplier changes. Under-coverage creates uncovered upside liability; over-coverage leaves unintended directional inventory.