Resolution & Settlement

How an outcome is determined and how positions convert into value.

Outcome and settlement

R ∈ { 0, 1 }
Settlement = Shares × R

R is the resolved outcome for the side you hold: 1 if it happened, 0 if it did not. Settlement value is simply your share count times R.

Shares = 100 YES
R = 1  →  Settlement = 100
R = 0  →  Settlement = 0

Settlement is denominated in the market's collateral asset — USDC today, USDW and supported assets over time.

Verifiable resolution

ValidResolution = 1   if  Signatures ≥ Threshold

An outcome is only accepted when enough independent reporters sign the same result. One party alone cannot resolve a market.

Submit Result→

Challenge Window→

Finalize

Submit — a reported outcome is posted with its source.
Challenge — during the window, the result can be disputed before it binds.
Finalize — after the window, settlement executes and becomes irreversible.

Today, parts of resolution still depend on external venues and backend data. The stated goal is progressive verifiability: signature thresholds, challenge windows and onchain finalisation.