Documentation Index
Fetch the complete documentation index at: https://docs.usdc.premarket.trade/llms.txt
Use this file to discover all available pages before exploring further.
1. Basic Definitions
1.1 Chain & Tokens
The platform operates on supported EVM-compatible chains. For each deployment, the following apply:- Trading Token: USDC
- Gas Token: Native chain gas token (e.g. USDC on ARC)
2. User Wallets & Assets
2.1 Wallet Connection
Users interact with the platform by connecting their own Web3 wallets.2.2 No Custodial Deposit
The platform does not require users to deposit funds into a centralized account.2.3 Asset Storage
User positions and market interactions are executed and recorded through smart contracts on-chain.2.4 Profit Distribution
Any claimable or settled profit is distributed directly to the user’s wallet.3. Market Liquidity
3.1 Market Structure
Each topic consists of two outcome pools:- YES
- NO
3.2 Initial Liquidity
A Topic Creator must provide the initial liquidity for each market.- Minimum initial liquidity: 100 USDC
- Liquidity is required to make the market tradable
3.3 Mirrored Liquidity Mechanism
When liquidity is added to one side, the protocol may create a mirrored virtual liquidity structure on the opposite side to support two-way trading.4. Creator Liquidity Withdrawal
4.1 Before Market Opens
If the market has not yet opened for trading, the Topic Creator may delete the topic and withdraw liquidity in full.4.2 After Final Resolution
After final settlement:- If the creator acted honestly, liquidity is returned
- If the creator is successfully challenged, part of the liquidity may be deducted as a penalty
5. Trading Mechanism
5.1 AMM Trading
Users trade directly against the market liquidity pool through an Automated Market Maker (AMM).5.2 No Order Matching Required
Users do not need a direct opposite counterparty to buy or sell.5.3 Pricing Formula
Pricing follows the protocol’s pool formula and liquidity balance mechanics. In general:- Buying pushes the token price upward
- Selling pushes the token price downward
6. Market Probability
6.1 Probability Representation
Each market reflects an implied probability through the relative state of the YES and NO pools.6.2 Probability Constraint
At all times:- YES Probability + NO Probability = 100%
6.3 Initial State
Before any user trading occurs, the market may begin at a neutral implied probability, such as 50% / 50%.7. Trading Deadline
7.1 Market Close
After the market trading deadline is reached:- No further buy or sell trades are allowed
- The market enters the resolution phase
8. Market Resolution
8.1 Creator Resolution Window
The Topic Creator must submit the market result within the designated resolution period.8.2 Resolution Delay
If the creator does not resolve the market within the allowed time, the market may move into a fallback governance resolution process.9. Challenge Mechanism
9.1 Challenge Eligibility
If the creator’s submitted result is disputed, eligible opposing-side participants may initiate a challenge.9.2 Challenge Deposit
A challenger must provide the required challenge stake in USDC.9.3 Challenge Threshold
If the total challenge amount reaches the required threshold, the challenge is considered successful and the market proceeds to community voting.9.4 Failed Challenge
If the challenge does not reach the required threshold within the challenge period:- The creator’s submitted result remains valid
- Challenge handling follows platform logic and contract execution rules
10. Creator Failure to Resolve
If the Topic Creator fails to submit a result within the required time window:- The market may automatically enter community voting
- The creator may be penalized
- Part of creator liquidity may be deducted according to protocol rules
11. Community Voting
11.1 DAO-Based Resolution
Disputed or unresolved markets may be settled through a community voting mechanism.11.2 Voting Eligibility
Only users meeting the governance staking requirements are eligible to vote.11.3 Voting Weight
Voting power is based on the amount of governance tokens staked.11.4 Voting Duration
Voting is conducted within the official platform-defined voting window.11.5 Voting Outcome
The final market result is determined according to the protocol’s governance rules and vote outcome conditions.12. Settlement Rules
12.1 Automatic Settlement
Once the final result is confirmed, settlement is executed automatically by the smart contract.12.2 Winner-Takes-All Pool Distribution
At settlement:- The losing side loses its pool value
- The winning side shares the total available market pool proportionally
12.3 Profit Variance
Users on the same winning side may receive different net profits depending on:- Entry timing
- Token purchase cost
- Position size
- Trade history
13. Topic Creator Rewards
13.1 Trading Commission
Topic Creators receive a portion of trading-related fees generated by their market.13.2 Real-Time Distribution
Creator rewards may be distributed automatically as trading occurs.13.3 Honest Participation Principle
Creators who act honestly are expected to recover their liquidity, while dishonest behavior may lead to penalties.14. User Profit Sources
Users may potentially earn through:14.1 Short-Term Trading
Buying low and selling high before market close.14.2 Final Settlement
Holding the correct side until the final result is confirmed.14.3 Governance Participation
Participating in eligible community voting and receiving governance-related rewards.15. Governance Token (PMT)
15.1 Token Role
PMT is the governance token of the PreMarket ecosystem.15.2 Governance Utility
PMT may be used for:- Staking
- Governance voting
- Ecosystem participation
- Reward-related mechanisms
15.3 Distribution Logic
PMT distribution, airdrops, staking requirements, and reward ratios may be adjusted by platform governance.16. Fees
The platform may charge fees including but not limited to:- Topic Creation Fee
- Trading Fee
- Governance / Treasury Allocation
- Creator Commission Distribution
17. Treasury & Reward Allocation
Platform fees and penalty-based deductions may be distributed among:- Treasury
- Creator incentives
- Governance reward pools
- Voter reward contracts
18. Risk Disclosure
By using the platform, users acknowledge and accept the risks associated with blockchain-based prediction trading, including but not limited to:- Market risk
- Liquidity risk
- Smart contract risk
- Wallet security risk
- Network congestion or gas cost risk
- Governance outcome risk