> For the complete documentation index, see [llms.txt](https://docs.adrena.trade/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.adrena.trade/technical-documentation/autonom-pools.md). # Autonom Pools (RWA & Synthetic Assets) ## Overview Autonom Pools are a new pool type in Adrena that enables trading on **real-world assets (RWA)** and **synthetic instruments** - such as equities, commodities, and indices - directly on Solana. Unlike standard GMX-style pools, Autonom pools hold no on-chain token reserves for the traded assets. Instead, positions are entirely USD-denominated and settled against stable collateral. *** ## Differences from Standard (GMX) Pools | Feature | GMX Pool | Autonom Pool | | ---------------------------------- | ------------------------------------- | ------------------------------------------ | | Assets | Native crypto tokens (SOL, BTC, ETH…) | Synthetic: equities, commodities, RWA | | Custody | Holds actual tokens | No token custody - synthetic PDA only | | Collateral | Token or stablecoin | Stablecoin only | | Oracle providers (default) | Autonom → Switchboard → ChaosLabs | Autonom → Switchboard → ChaosLabs | | Multi-oracle `min_agree` (default) | 1 | 1 | | Market hours | 24/7 | Subject to underlying market trading hours | | Position settlement | In underlying token | USD-denominated | Both pool types ship with identical default `MultiOracleConfig` (Autonom primary, `min_agree=1`, `staleness_seconds=7`). Governance can tune each pool's provider order, min\_agree, and liquidation defenses independently via `set_pool_oracle_config`. *** ## Synthetic Custodies Each tradable asset in an Autonom Pool is represented by a **synthetic custody** - an on-chain account that records the aggregate open interest and fee state for that asset, but holds no tokens. Key properties: * Identified by a unique seed (not a token mint), allowing multiple synthetic assets per pool (up to 32) * Tracks `cumulative_funding_paid_usd` and `cumulative_funding_received_usd` for [Virtual Funding Rate](/technical-documentation/virtual-funding-rate.md) accounting * Uses a dedicated `oracle_feed_id` and `trade_oracle_feed_id` for price lookups *** ## Market Hours Autonom Pool assets correspond to real-world instruments that only trade during certain hours (e.g., US equity market hours, 9:30 AM-4:00 PM ET on weekdays). The protocol enforces this: * **`market_open_timestamp`** / **`market_close_timestamp`**: Define the active trading window for the pool * **Opening a position** outside market hours returns a `MarketIsClosed` error * **Existing positions** remain open through market close - they settle at next open or at the holder's discretion *** ## Market Special Events Corporate actions such as **stock splits** and **dividends** can affect the fair value of a synthetic position. When such an event is scheduled: * Affected feed IDs are recorded in `market_close_affected_feeds` * The event timestamp is stored in `market_close_event_timestamp` * Attempts to open new positions in affected assets will return a `MarketStockSpecialEvent` error until the event is processed * Existing positions in affected assets are handled according to the protocol's event resolution procedure *** ## Oracle Configuration Autonom Pools use the **Autonom oracle** as the primary price provider. This is an off-chain price feed that delivers signed batch prices (including market session data) on-chain. Default multi-oracle config for Autonom Pools: | Parameter | Value | | -------------------------- | ------------------------------ | | Primary provider | Autonom | | Backup providers | Switchboard, ChaosLabs | | `min_agree` | 1 (single provider sufficient) | | `price_diff_threshold_bps` | 100 (1% tolerance) | | `staleness_seconds` | 7 | | Asymmetric liquidation | Disabled | | Circuit breaker | Disabled | Because Autonom assets may not have broad multi-oracle coverage, a single-oracle consensus threshold is appropriate. The asymmetric liquidation and circuit breaker defenses used in GMX pools are therefore not enabled for Autonom Pools. See [Oracles and Price Feeds](/technical-documentation/oracles-and-price-feeds.md) for the full oracle architecture. *** ## Liquidations Liquidation mechanics for Autonom Pool positions follow the same margin rules as standard positions, with one addition: positions cannot be liquidated outside of market hours (since no reliable price is available). Liquidation resumes at market open. *** ## Collateral All Autonom Pool positions use stablecoin collateral (USDC or equivalent). There is no token exposure on the collateral side - your profit/loss and collateral are both denominated in USD. --- # 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. 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