> For the complete documentation index, see [llms.txt](https://doc.notliquid.fun/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://doc.notliquid.fun/inside-the-pool/outcomes-and-timeouts.md).

# Outcomes & Timeouts

Allocation identifies the position. Settlement decides who receives the NFT and who receives the backing.

Those are separate steps so the acquirer can choose between the two economic outcomes.

## Keep the NFT

The acquirer receives the NFT.

The depositor receives the position's backing, less the current **1% settlement fee** charged on an NFT outcome.

If the acquirer's NFT transfer fails, the transaction reverts. The acquirer can retry or choose the standing bid instead.

## Take the standing bid

The NFT returns to the depositor.

The acquirer receives **85% of the position's HYPE backing**. Under the current configuration, the remaining 15% accrues as protocol revenue.

There is still no combination where one wallet receives the NFT and the backing. We checked.

{% hint style="info" %}
PNL has no Token or Rewards module configured. Standing-bid settlement pays HYPE; a PNL-token settlement route is not available.
{% endhint %}

## Keep and relist

The acquirer can keep the position economically and relist the NFT in one transaction with fresh HYPE backing.

The old depositor receives the same net backing return as a normal keep-NFT settlement. The NFT stays in protocol custody and becomes a new listing owned by the acquirer.

The replacement listing passes the same collection, minimum-backing, staging, and ordering rules as any new deposit.

## Settlement timeline

The current timeline is:

1. **First 24 hours:** only the acquirer chooses keep NFT, take the bid, or relist.
2. **After 24 hours:** the depositor may force either equivalent economic outcome.
3. **After 7 days:** anyone may finalize the default outcome.

The default sends the NFT to the acquirer and returns the backing to the depositor, less the settlement fee.

The acquirer can still settle after the exclusive window if nobody has resolved the position first. The 24-hour mark adds depositor options; it does not create a ceremonial dead zone.

## Failed NFT delivery

Depositor-triggered and permissionless resolutions use best-effort NFT delivery. A pausable, reverting, or unusual collection cannot block the HYPE side of settlement forever.

If NFT delivery fails:

* the HYPE settlement still completes;
* the intended NFT recipient is recorded onchain;
* only that recipient can call `recoverStuckNFT`;
* recovery can be retried after the collection works again.

The protocol can record a stubborn NFT. It cannot teach the NFT manners.


---

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