How It Works
PredMarkets runs short-duration binary markets on BTC, ETH, and AVAX. Each market is an epoch with a fixed start time, end time, strike price, and two outcomes: UP and DOWN.
Lifecycle
- Epoch opens - the worker records the opening spot price as the strike for that asset and duration.
- Trading begins - traders post signed limit orders or submit market orders that fill against resting liquidity.
- Lock window - trading is disabled for the last 10 seconds before expiry.
- Resolution - the PythResolver verifies the closing price on-chain using a Pyth Network proof and determines whether UP or DOWN won. Anyone can submit the proof — resolution is trustless and permissionless.
- Redemption - winning Conditional Tokens redeem for 1 USDC per share; losing positions expire worthless.
Durations
| Asset | Duration | Lock Window |
|---|---|---|
| BTC | 5 minutes | Last 10 seconds |
| ETH | 5 minutes | Last 10 seconds |
| AVAX | 1 hour | Last 10 seconds |