A single large position has already met the exercise conditions. Next isn’t a choice between two paths based on the name; instead, you should first place it at the root of the decision tree. Ask first how much the planned settlement is, and whether on-chain liquidity can take it. Then consider what kind of slippage and MEV exposure the DEX execution will bring. After selecting, you also need to confirm how subsequent handling will be done. The position itself remains unchanged; you’re only comparing how Net Settle versus Delivery reallocates the execution conditions.

When on-chain liquidity is sufficient to absorb the intended settlement size, go into the Net Settle branch first. It supports settling partially or fully, so depending on your needs you can close the entire position, or only handle part of it while keeping the rest. This convenience is built on on-chain liquidity. The more the market needs to absorb the planned settlement size, the more you must look at available depth and slippage together. Even with the same market depth, the absorption pressure may differ between partial settlement and full settlement. So after entering this branch, you should also choose between partial or full first. The documentation doesn’t provide enough fixed values, and the decision tree shouldn’t invent an automatic switching line. For user @TermMax , the core of this branch is whether settlement flexibility and on-chain execution conditions can match.

If DEX liquidity is insufficient, or if the slippage and MEV from a large position become the primary constraints, the tree shifts to Delivery. It offers an alternative settlement route, moving part of the pressure from DEX execution to delivery and subsequent external handling. At the same time, it brings a longer process and higher scheduling complexity. When choosing, you can write down four items in order: the intended settlement size, available on-chain liquidity, slippage and MEV exposure, and post-delivery handling capability. If the first two are a better fit, compare Net Settle’s partial versus full settlement; only when the latter two become key constraints should you reassess Delivery. After the route is selected, put the costs of the branch you didn’t choose beside it. Net Settle is constrained by on-chain depth, while Delivery adds delivery and subsequent processing. What you ultimately get is a path that matches the execution conditions—not a guess about which route yields higher returns. #TermMax