# Volatility Trading ## How will Passage change in the Bracket LSTfi Platform? Passage is our volatility trading product in production today on Arbitrum. This section describes Passage as it exist today, denominated in $ETH. In Phase II, Bracket will be modified to accept $brktETH instead of $ETH, so staking rewards will be constantly accruing while users trade. ## What is Passage? {% embed url="" %} Passage is designed for traders looking to take on short-term volatility positions without a directional bias. Passages allow traders to set a range of asset price (e.g. BTC $20,000 - 20,655) and take the “Stay In” or “Breakout” side of the trade, returning based on the time until the first range breakout. “Stay In” traders make a return the longer the asset (e.g. BTC) stays in the range, profiting if in the range longer than 1 day. “Breakout” traders make a return if the asset breaks out of the range more quickly, profiting if breakout occurs in less than 1 day. There is a maximum return of 2x (100% profit) over a 2-day contract and claims are made automatically at first breakout. \ \ \&#xNAN;*The breakeven is 1 day, so if it breaks out in less than one day the breakout is more profitable, if it stays in more than one day, the stay in side is more profitable.* --- # Agent Instructions: Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter: ``` GET https://docs.bracket.fi/legacy-products/volatility-trading.md?ask= ``` The question should be specific, self-contained, and written in natural language. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.