Market hours
What changes when the exchange is shut, and what does not.
Stock Token feeds follow the equity market. When it closes, the price stops moving — and Paboxo treats that as an expected state rather than a fault.
What changes
| While the market is closed | |
|---|---|
| Supplying | Allowed |
| Withdrawing | Allowed |
| Repaying | Allowed |
| Borrowing | Paused |
| Liquidation | Paused |
The asymmetry is deliberate. Everything that reduces risk stays available; everything that takes a new position on a frozen price does not.
Why withdrawals stay open
A lender who cannot exit at the weekend is a lender who has to price a weekend into their decision to lend at all. Nothing about a closed equity market makes a USDG withdrawal unsafe — the liquidity is either there or it is not, and that is a function of utilisation, not of what day it is.
Why borrowing pauses
Opening a position against a price that cannot move is taking a free option on the gap. Whatever happens between Friday's close and Monday's open, the borrower knows the collateral is being valued at a number that predates all of it.
Why liquidation pauses
The mirror image. Closing someone's position on a price that has been unable to react is punishing them for a move the market has not made yet.
When the feed actually stops
Measured from the feeds rather than taken from a schedule:
| Feed goes quiet | Friday, around 20:00 ET |
| Feed resumes | Sunday 20:00 ET — not Monday morning |
| Ordinary gap | ~52 hours (NVDA), ~59 hours (SPY) |
| Long weekend | 78–81 hours observed |
Times are Eastern, so they move with US daylight saving. The market calendar handles that shift on-chain rather than requiring a transaction on the switch dates.
One detail that surprises people: the frozen price is often not the closing price. A feed updates on a heartbeat and a deviation threshold, so its last update of the week can land hours before the session ends. One feed's final Friday update was at 10:50 ET — more than five hours early. Your position is valued at whatever that last update said, for the whole weekend.
Early-close days, when the exchange shuts at 13:00 ET, have not been measured.
The cost, stated plainly
The gap is real and it is not eliminated — it is deferred to the reopening. A position that was healthy on Friday can be deeply underwater in the first minutes of the session, and several positions may become liquidatable at once.
This is why Stock Token markets carry lower LTVs than WETH: the distance between LTV and liquidation threshold has to absorb a gap that WETH never has. NVDA sits at 60/65 while WETH sits at 75/80 for exactly this reason.
Where the schedule lives
In the MarketCalendar contract, on-chain and readable — the weekly window, the daylight-saving
rule, and the list of holiday closures. Not in a server somewhere that you have to trust.