Concepts
How Settle works
Orderbook is processed off-chain while trades and settlements are settled on-chain.
One market, two outcomes
Every market asks one question: will an asset’s price be at or above a stated target when the market closes?
AboveYES
The final price meets or exceeds the target.
BelowNO
The final price is lower than the target.
Odds range from 1% to 99%. The quoted odds represent the market-implied probability of an outcome—for example, 62% means the market estimates a 62% chance of that outcome occurring.
Trading process
01Your wallet
→
Sign your order.
02Matching engine
→
Orders are processed off-chain.
03On-chain Settle
Verifies and settles each matched fill.
Custody and permissions
Funds and positions live in the SettleMarketsV2 hub contract. The operator can match compatible signed orders, but cannot fill an order at a price you did not approve or withdraw your balance.
- Orders are authorized by wallet signatures.
- Matched fills are verified on-chain, including the signature and limit price.
- A resting order does not escrow funds; balances move only when it fills.
- Withdrawals return funds to the balance owner.
- Available funds remain withdrawable if the exchange is paused.