Short post on
@Trueo_’s mechanics:
Anyone can permissionlessly create a market through the App.
Topics can include virtually anything that’s publicly verifiable!
(within ethical boundaries ofc).
A market’s life cycle starts from a proposal. Once submitted, it enters a 3 day funding phase where it needs to hit a liquidity threshold in order to graduate.
Markets that graduate become tradable like any traditional prediction market.
The ones that fail to graduate expire without becoming tradable, and funders can withdraw their deposits.
Funding a market fulfills several functions in a single step:
- clearing the initial odds
- seeding minimum liquidity
- quality filtering
Every market is an event contract that resolves based its resolution rules.
Those rules are immutable. They are committed onchain as plain text strings inside the proposal transaction.
Once a contract is live, it cannot be altered, clarified, or changed.
This gives traders peace of mind that the goal posts will not be moved mid-trading, regardless of who the original creator was.
All markets are resolved through the protocol’s enshrined oracle.
The oracle serves as the neutral arbiter in case of a dispute.
The details of this process require its own post, but the summary is that the oracle combines elements of AI automation, economic security (TRUE holders), and a human jury pool.
The idea is that most prediction markets restrict market creation to an editorial team, or gate keep it behind significant capital requirements.
One of the main reasons for this gatekeeping is because those prediction markets don’t have an oracle flexible enough to resolve markets on just any topic created by just anyone.
This is where Trueo shines!
Its oracle is designed to surface evidence from any and all legitimate data sources.
It does this through an open and fair resolution process that doesn’t suffer from the rigidity of common oracle systems!
If you haven’t tried the App yet, now’s a good time.
Go ahead and create a market, it only takes a minute and it costs almost nothing!
Oh, and you can earn creator fees if the market graduates.
If you have any questions, feel free to drop them in the comments 🫶