> For the complete documentation index, see [llms.txt](https://usefelix.gitbook.io/perps/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://usefelix.gitbook.io/perps/getting-started/flx-hip-3-sunset-guide.md).

# FLX HIP-3 Sunset Guide

### Settlement Date

Settlement is expected to occur on June 19 (Friday). Markets will be settled sequentially, with each market settling one hour after the previous market.

#### Settlement Mechanics:

Settlement will be conducted after locking the mark price and oracle price (handled by RedStone).<br>

**Commodities**

For commodities markets, the mark price and oracle price will be locked to the Friday market close (1 PM ET) using the oracle price (external reference price sourced from traditional finance venues), beginning at 1 PM ET.

Markets:

* Oil
* Silver
* Gold
* Palladium
* Gas
* Platinum
* Copper

**Equities**

For equities markets, the mark price and oracle price will be locked to the Thursday regular market close (4:00 PM ET) using the oracle price (external reference price sourced from traditional finance venues), beginning at 4 PM ET.

Markets:

* NVDA
* COIN
* TSLA
* CRCL
* USA500
* USA100

**Crypto**

For crypto markets, the mark price and oracle price will be locked at Friday 4 PM ET using a 10-minute EMA of the oracle price calculated from 3:50 PM ET to 4 PM ET.

Markets:

* XMR
* USDE

### Settlement Order

Beginning at 5:30 PM ET on Friday, June 19, settlements will proceed sequentially in the following order (can continue into the weekend):

* Commodities
* Equities
* Crypto


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