Architecture
Market Lifecycle
Six states from pre-game to settled.
Each game market progresses through six states.
Lifecycle states
Pre-Game — Opens 24–72h before. Oracle uses pre-game lines. Full trading, 1h funding intervals.
Live — Game started. Live oracle feeds. 15-min funding. Dynamic leverage adjustments.
Halftime — Trading continues, oracle stable. Good window to adjust positions.
Final Minutes — Last 5 min. Max leverage reduced 50%. Wider liquidation buffers. Vault begins unwinding.
Settlement Countdown — Game over. No new positions. 30-min delay for stat corrections. Existing positions can close.
Settled — Settlement contract executes on-chain. Winners → $1.00, losers → $0.00. Funds distributed. Market archived.
Related
- Settlement — what the final state does
- Funding Rates — pre-game vs live intervals
- Margin & Leverage — leverage tightening near terminal