リファレンス
用語集
予測市場とSatoriExプラットフォームで使用する実用的な語彙集。
- イベント
- 解決の瞬間が定められた現実世界の問い。
- マーケット
- イベントに紐づく取引可能な商品。
- アウトカム
- One side (Yes or No) of a binary market. At resolution, either Yes resolves true or No resolves true — never both, never neither.
- バイナリマーケット
- 通常「はい」と「いいえ」の2つのアウトカムを持つマーケット。
- マルチアウトカムマーケット
- 3つ以上の可能なアウトカムを持つマーケット。
- シェア
- 特定のアウトカムへのエクスポージャーの単位。そのアウトカムが確定した場合に1 USDCを支払います。
- 価格
- シェアの現在の取引価値。0から1 USDCの間で確率として解釈されます。
- 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.
- 指値注文
- 指定した価格またはそれより有利な価格でのみ約定する買い注文または売り注文。
- 成行注文（マーケッタブル）
- スプレッドをまたいで既存の流動性に対して即座に約定する注文。
- CLOB
- 中央指値注文板 — SatoriExが価格・時間優先で使用するマッチングエンジン。
- メイカー
- 指値注文が約定するまで注文板に待機するトレーダー。
- テイカー
- 既存の待機注文に対してマッチングし、流動性を消費するトレーダー。
- 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.
- メイカーリベート
- 待機注文が約定したときにメイカーに返還される少額のクレジット。
- 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.
- 決済
- マーケット確定後の払い出しフェーズ。勝利シェアはそれぞれ1 USDCを支払います。
- 確定
- 定められた基準に基づいて、マーケットのどのアウトカムが正しいかを決定すること。
- 異議申立
- 確定に対する正式な異議。申立にはボンドが必要。認められた異議はボンドを返還し、報酬を支払います。
- 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.
- サーキットブレーカー
- マーケット価格が設定された閾値を超えて動いたときに自動的に発動する取引停止機能。
- 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.
- KYCティア
- 1日の入出金上限を決定する本人確認レベル。
- プロキシウォレット
- オンチェーン資金を保持し、代理で取引を承認するコントラクト。
- 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.
- シード流動性
- 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).