Execution Model
Arenaton organizes discovery, briefs, rehearsal, and execution as separate workflows. Live execution, where enabled, remains wallet-native, labels external venues, and does not make Arenaton a custodian of funds.
Core Terms
Section titled “Core Terms”| Term | Meaning |
|---|---|
| Market | A tradable question with defined outcomes, close rules, resolution source, and invalid rules. |
| Outcome Share | A Conditional Tokens Framework position token that redeems according to the resolved outcome. |
| Collateral | Polygon USDC in production, or a no-value simulation balance for paper rehearsal. |
| Smart Account | The default user-controlled account that holds collateral and outcome shares. |
| Raw EOA Mode | Advanced direct trading from an externally owned account. |
Production Constraints
Section titled “Production Constraints”- Production chain: Polygon PoS.
- Production collateral: Polygon USDC.
- Paper chain: Polygon Amoy.
- Paper collateral: no-value simulation balance.
- User app: Flutter only for web and Android.
- Matching: centralized order book using off-chain signed EIP-712 orders.
- Settlement: on-chain, without creating an internal Arenaton balance.
Market Lifecycle
Section titled “Market Lifecycle”DRAFTSCHEDULEDOPEN_PRE_EVENTOPEN_LIVECLOSINGCLOSED_PENDING_RESOLUTIONRESOLVEDINVALIDAfter a market closes, new orders are rejected and unmatched open orders are canceled or made unfillable. Resolution must follow the published source and invalid path.
- Protocol taker fee ceiling: 0.25%.
- Maker fee: 0% unless a future explicit product change says otherwise.
- Redemption fee: 0%.
- Gas reimbursement is separate from protocol fees.
- Gas markup is 0%.
Live Markets
Section titled “Live Markets”Live markets include a Live State Version in orders. Material changes such as score updates, period or map changes, feed lag, official delay, or final result advance the version and invalidate stale orders.