Transparency

What is public

Markets, positions, fees paid and every transaction can be read on the blockchain by anyone. Each user has a public page listing their past markets as creator and as resolver, with their outcome.

What we can change

We have six settings and nothing else. Two apply to all markets at once, including existing ones. Two apply to every order placed afterwards, even on an existing market. The other two apply only to markets created afterwards.

Once the program is audited and made immutable, we can't touch funds already deposited, or change a verdict, a date, a resolver or a creator's fee rates.

• Our fee rate: all existing markets, immediately. It has no cap, but a mint never pays more than the cap it signed.
• The wallet that receives our fees: all existing markets, immediately.
• The tick and the minimum size of an order for each collateral, never zero: every later order, even on an existing market.
• The accepted collaterals: future markets, and every later order, even on an existing market. Removing one blocks new orders, never a way out.
• The creation fee: future markets only. It has no cap.
• The duration limits of a market, always between 60 seconds and 10 years: future markets only.

How changes are shown

Changing any of these settings is a transaction on the blockchain, visible and timestamped in any block explorer.

What our pages show or hide is a separate matter.

FAQ