Introducing Statebook: Markets for All States of the World.
For the past few months, I’ve been exploring a simple market-design question:
What becomes possible if we start with the exposure someone needs, rather than the contract an exchange happens to list?
This question is becoming increasingly relevant as
@HyperliquidX,
@Kalshi,
@Polymarket, and vertically specialized exchanges such as
@Architect_Fi expand the universe of tradable underliers, and the boundaries between perpetuals, options, and event contracts begin to blur.
My answer: structured-product heaven.
The working paper and interactive research interface are below.
Thank you to
@0xsmac,
@0xfishylosopher, and Chris Saunders for reviewing and contributing to the initial draft.