Market Phases
Last updated
Last updated
The lifecycle of each market is comprised of 5 phases:
1). Creation Phase - market is brought into existence when a creator completes the market create form and submits the transaction to the blockchain. A mNFT object is received in return which can be used later to claim the market creator's reward.
2). Prediction phase - players make predictions. Starts after the creation of a market and ends at the end time set by the creator of the market.
3). Verification phase - Analysts verify the market. Starts at the time set by the creator of the market, ends after the verificationPeriod
set in .
4). Dispute phase - dispute creator can create the dispute. It starts immediately after the verification phase ends. It ends after the disputePeriod
set in the or when the dispute started.
5). Resolution phase - resolving the dispute if exist, calculating, sending, and burning fees. Starts after the dispute phase. Ends after market closing or dispute resolving.
Once a market is closed and any related disputes are settled. This is the phase in which market participants can claim their respective rewards for their productive activity on the protocol.