How it works
1
Someone posts an order
A user signs an order naming a market, an outcome, a size and a price, and submits it.
2
The engine matches compatible orders
Two orders on opposite sides at compatible prices match, wholly or partly. Collateral is locked in
escrow per match.
3
The event is reported, and settlement pays out
Once the market is graded, the winning side is paid. A void is a settled bet with an outcome of
zero, and stakes return.
All bets in USDC
You bet in USDC from your proxy wallet, a wallet the exchange deploys for you that only you control.
Visibility
Markets, order books and the trade tape are public. Your orders, bets, positions and balances are private to you.Related
The exchange model
Why maker and taker are a classification, not a choice.
What can you build?
What an orderbook exchange makes possible.
Quickstart
A resting order in about twenty minutes.
Unit conversions
The scales, and which side a price is quoted from.