Protocol

Money mechanics

Each winning contract pays 0.001 ETH. Makers pay no fee; taker fees are capped at 2%.

Collateral, payouts, and fees

CollateralETH

Deposited into the hub contract

Winning contract0.001 ETH

Losing contracts settle at 0 ETH

Fees0% / 2%

Maker / taker

Payouts and voided markets

A winning contract pays 0.001 ETH, while a losing contract settles at 0 ETH. If a market is voided, both Above and Below contracts redeem at 50%: 0.0005 ETH per contract.

If a market remains unresolved seven days after expiry, anyone can void it. This backstop is permissionless.

Trading fees

Makers pay no fee. Taker fees are capped at 2%, and every current rolling market is set to exactly 2%. The per-market rate is exposed as feeBps by GET /v1/markets.

Taker fees use the cheaper side of the binary pair. At a 40¢ price and a 2% fee rate, the fee is 2% of the 40¢ leg.

fee = quantity × min(price, 100 − price) × fee rate