Referensi

Glosarium

Kosakata kerja untuk pasar prediksi dan platform SatoriEx.

Acara: Pertanyaan nyata dengan momen resolusi yang ditentukan.
Pasar: Instrumen yang dapat diperdagangkan yang terhubung ke sebuah acara.
Hasil: One side (Yes or No) of a binary market. At resolution, either Yes resolves true or No resolves true — never both, never neither.
Pasar binary: Pasar dengan dua hasil, biasanya Ya dan Tidak.
Pasar multi-hasil: Pasar dengan tiga atau lebih kemungkinan hasil.
Saham: Unit eksposur terhadap hasil tertentu. Membayar 1 USDC jika hasil tersebut bernilai benar.
Harga: Nilai perdagangan saham saat ini, antara 0 dan 1 USDC, diinterpretasikan sebagai probabilitas.
BPS (basis points): Standard finance unit for small percentages: 1 BPS = 0.01% = 0.0001. SatoriEx uses BPS for trading fees (150 BPS = 1.5%) and maker rebates (5 BPS = 0.05%).
Bid: The highest price a buyer is willing to pay for a share, currently resting on the order book.
Ask: The lowest price a seller is willing to accept for a share, currently resting on the order book. Also called "offer".
Spread: The gap between the best bid and the best ask. Tighter spread = deeper liquidity. A market maker earns the spread on round-trip fills.
Mid price: The midpoint between best bid and best ask. Used as the market's implied fair-value price for unrealised P&L calculations.
Order limit: Order beli atau jual yang hanya terisi pada harga yang Anda tentukan atau lebih baik.
Order marketable: Order yang melewati spread dan dieksekusi segera terhadap likuiditas yang ada.
CLOB: Central limit order book — mesin pencocokan yang digunakan SatoriEx dengan prioritas harga-waktu.
Maker: Pedagang yang order limitnya menunggu di buku hingga dicocokkan.
Taker: Pedagang yang ordernya dicocokkan terhadap order yang sedang menunggu, mengambil likuiditas.
Fill: A single trade execution. A large order may fill in multiple steps against several resting orders at different prices.
Trading fee: 1.5% (150 BPS) of trade value, deducted from seller proceeds at match time. The taker (the side hitting a resting order) is the one paying.
Rabat maker: Kredit kecil yang dikembalikan kepada maker saat order mereka yang menunggu terisi.
Maker rebate (API key): Enhanced 0.10% (10 BPS) rebate for fills executed via API-key authentication, vs. the default 0.05% (5 BPS) for session-token traders.
Proposal fee: $1.00 USDC to submit a new market proposal. Refunded if the proposal is rejected (atomic with rejection); non-refundable once approved.
Referral bonus: $5.00 USDC credited to the referrer when their referee makes their first qualifying deposit. One-time bonus per referee.
Penyelesaian: Fase pembayaran setelah pasar diselesaikan. Saham pemenang membayar 1 USDC masing-masing.
Resolusi: Keputusan tentang hasil pasar mana yang benar, berdasarkan kriteria yang dinyatakan.
Sengketa: Tantangan resmi terhadap resolusi. Pengajuan memerlukan jaminan; sengketa yang diterima mengembalikan jaminan dan membayar hadiah.
Dispute bond: $10 USDC posted when filing a dispute against a resolution. Returned if upheld (plus a $5 reward); forfeited to the dispute reserve pool if dismissed.
Dispute window: The 2-hour period after a resolution is approved during which any verified user can challenge it. Settlement is blocked while the window is open or while any dispute is unresolved.
Circuit breaker: Penghentian perdagangan otomatis yang dipicu saat harga pasar bergerak melebihi ambang batas yang dikonfigurasi.
Custodial: An account model where the platform holds the user's funds (like a brokerage account). SatoriEx is custodial today — trades match inside the platform ledger, not on a blockchain.
Self-custody: An account model where the user holds funds in their own wallet, controlling the private keys. Self-custody trading is on the SatoriEx roadmap (via the CTF on-chain settlement path), not yet live.
Tingkat KYC: Tingkat verifikasi identitas yang menentukan batas deposit dan penarikan harian.
Dompet proksi: Kontrak yang menyimpan dana on-chain Anda dan menyetujui perdagangan atas nama Anda.
Deposit address: Synonym for proxy wallet on the deposit side. The on-chain address shown on your Wallet page that receives USDC deposits and credits your platform balance.
CTF: Conditional Token Framework — an ERC-1155 contract design for on-chain outcome shares. SatoriEx plans to adopt CTF as part of an on-chain settlement path (roadmap — see /docs/roadmap); positions today live in the SatoriEx custodial ledger.
USDC: USD Coin, a US-dollar-pegged stablecoin issued by Circle. SatoriEx denominates all balances, fees, and payouts in USDC. Internally tracked at 6-decimal micro-dollar precision (1 USDC = 1,000,000 micro-USDC).
Resolution oracle (admin): SatoriEx's resolution authority is an optimistic-bonded flow — a KYC-verified user proposes the outcome under bond, the proposal is published via public read endpoints, and after a 2-hour dispute window with no dispute it auto-finalises. If a dispute upholds, an independent voter panel decides the final outcome. We use the term "oracle" because the surface produces signed outcomes consumed by settlement; settlement posts to user balances after the dispute window closes (or after the panel's verdict, if escalated).
Polygon: The blockchain network SatoriEx supports for USDC deposits and withdrawals. Always select Polygon when sending USDC to your deposit address — other chains will result in lost funds.
Builder code: An opaque attribution token tied to a builder profile. Attaching it to orders (via the X-Builder-Code header) credits volume to the builder. Attribution is live; the fee-share program that converts attributed volume into payouts is planned, not yet active.
Builder tier: Distinct from KYC tier — refers to the planned Bronze / Silver / Gold / Platinum monthly-volume bands of the builder fee-share program. Design targets only; not active today.
Likuiditas awal: Platform-provided liquidity placed at market activation to bootstrap trading depth. Configurable per market (spread, depth levels, base size); auto-cancelled at halt or settle.
Maker leaderboard: Optional public ranking of market makers by rebate-eligible volume. Admin-gated (off by default); participation is opt-in. Display names use the anon-XXXX fallback to protect privacy.
Matcher: The dedicated process that consumes the order queue and matches buy/sell orders by price-time priority. Async by default — orders enter via Redis LIST (BRPOP); Kafka is optional for high-throughput deployments.
WebSocket: Real-time event stream at wss://staging.satoriex.io/ws. Carries trade fills, order state transitions, deposit confirmations, KYC events, settlement, and more. The canonical way for a bot to learn that an order filled — the REST POST returns 202 Accepted before the matcher runs.
Hydration gate: The pattern where a WebSocket client must finish loading initial state from REST before processing incoming WS events, to avoid acting on events for objects it hasn't loaded yet. See docs/engineering/WEBSOCKET.md.
Super-admin: Highest privilege role on SatoriEx. Inherits all admin and moderator permissions. Resolution propose requires moderator-or-higher; resolution confirm requires admin-or-higher; super-admin can do either.
Moderator: Mid-privilege admin role responsible for reviewing market proposals, handling content moderation, and operating KYC review queues. Can propose market resolutions; cannot confirm them (that requires admin or higher).