How quotes are priced
Enter the amount you want to pay. Quick shows what you should get and the least you will receive. Firm gives the exact input, output and fee as a fixed quote from quoteo's own pool, good for up to 10 seconds.
Reference first
Firm begins with the Pyth price of the underlying US stock or ETF and applies the token's current issuer multiplier one time. It treats 1 USDC as 1 USD. A separate monitor halts new quotes if USDC leaves the $0.99 to $1.01 band, or if its reading is missing or older than 60 seconds.
A new quote needs a source reading no older than 5 seconds. Active markets aim to refresh the reference every 2 seconds, and every published reference lapses within 20 seconds of the reading behind it. Signed equity prices are checked on-chain through Solana's signature instruction and the official Pyth verifier before the multiplier is applied.
Every quote rests on two inputs: a reference price with the time it was observed, and the token's current issuer multiplier.
Session rules
Firm quotes only while a US session is open: regular, pre-market, post-market or overnight. Both the market-hours calendar and the signed price report have to agree that the session is open.
Weekends, exchange holidays, or a session that cannot be confirmed: Firm gives no new quotes. Quick keeps working.
Quick and Firm
Quick
- You set
- What you pay
- You see
- Expected output
- Guarantee
- Minimum received
- Sessions
- Any time
Firm
- You see
- Exact input, output, fee
- Source
- quoteo's own pool
- Valid for
- Up to 10 seconds
- Sessions
- Open US session only
Quick: you set what you pay; it shows the expected output and the minimum you will receive.
Firm: exact input, output and fee from quoteo's own pool, held for up to 10 seconds.
Fees
In Firm, the fee is part of the quote itself, so you see it before you confirm.
On the board, trading fees of launched tokens go back to their holders, paid in SOL or in a stock token. Fee flow in the docs