Reading the book…
Reading the book…
unbounded, as the paper prescribes for n-way markets
there is none until the market settles and the floors are taken
A book can only absorb so much of the other side. When it runs out, stake is refused and refunded — that is the rule working, not a failure.
Per outcome, as the settler holds it.
| Outcome | Implied | Book P | Vested in V | Capacity C | Headroom H | Room for a stake |
|---|---|---|---|---|---|---|
| Under $3,500 | 11.7% | 1,300.00 | 9,800.00 | unbounded | unbounded | unbounded |
| $3,500 to $4,000 | 25.2% | 2,800.00 | 8,300.00 | unbounded | unbounded | unbounded |
| $4,000 to $4,500 | 45.0% | 5,000.00 | 6,100.00 | unbounded | unbounded | unbounded |
| Over $4,500 | 18.0% | 2,000.00 | 9,100.00 | unbounded | unbounded | unbounded |
What one unit of opening stake is worth under each rule, sampled at every vintage.
The same money, the same books, settled under each rule. The difference is a number, not a claim.
All 2,500.00 accepted. Capacity is unbounded here, so nothing is refused for want of room.
2,500.00
1.00x of stake
Accepted principal back, plus whatever vests in after you.
8,947.36
3.57x of stake
A share of a pool your own stake has just enlarged.
The classic rule would pay 6,447.36 more — 257% of the stake.
Under the classic rule this stake also moves everyone already on Under $3,500 from 8.53x to 3.57x — the money it earns comes out of theirs. Under the vested rule their multiple cannot fall, because nothing that arrives after them vests to them.
You hold nothing in this market.
A position is opened by calling enter on the settler with an outcome and an amount. What the books accept is fixed when the block’s vintage is finalized, and anything they could not cover comes straight back.
The boundary is inclusive on the “above” side: a reading exactly at the strike resolves above.
Entries at or after this instant are refused outright. Resolution can only happen from here on, and the accumulator is frozen at it either way, so a slow resolver costs nobody anything.
A reading older than this is not trusted. The market voids and every position refunds at its accepted principal rather than settling on a number nobody should rely on.
12 Sep 2026 12:16 UTC
keccak256 of the whole spec. Registering a different strike or bound produces a different id; it does not edit this one.
Resolution is permissionless: anyone may call the resolver once the freeze has passed, and the caller has no say in the answer and earns nothing for making the call. If the last reading is older than 2m, resolution reverts rather than settling — so a keeper retrying through a brief outage cannot void a good market by accident. Voiding on a stale feed is a separate, deliberate call, and it refunds every position at its accepted principal. Failing that, anyone may void the market from 5 Oct 2026 12:16 UTC.
VestedParimutuel
what enter and claim take
FeedResolver — permissionless, reads a price feed
chain id 5042002