參考資料

詞彙表

預測市場與 SatoriEx 平台的實用詞彙。

事件: 一個有明確裁決時刻的現實世界問題。
市場: 與事件掛鉤的可交易工具。
結果: One side (Yes or No) of a binary market. At resolution, either Yes resolves true or No resolves true — never both, never neither.
二元市場: 有兩個結果的市場，通常為是和否。
多結果市場: 有三個或更多可能結果的市場。
份額: 對特定結果的曝險單位。若該結果裁決為真，則每份額支付 1 USDC。
價格: 份額的當前交易價值，介於 0 到 1 USDC 之間，解讀為機率。
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.
限價委託: 只在您指定的價格或更優價格成交的買入或賣出委託。
市場性委託: 跨越買賣價差並立即對現有流動性成交的委託。
CLOB: 中央限價委託簿——SatoriEx 使用的以價格時間優先的撮合引擎。
掛單方: 其限價委託在委託簿中靜候撮合的交易者。
吃單方: 其委託對現有靜止委託進行撮合、消耗流動性的交易者。
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.
掛單返傭: 當掛單方的靜止委託成交時返還的小額點數。
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.
清算: 市場裁決後的結算階段。每份獲勝份額支付 1 USDC。
裁決: 根據既定標準判定市場哪個結果正確的決定。
異議: 對裁決的正式質疑。提出需繳納保證金；異議成立則退還保證金並給予獎勵。
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.
熔斷機制: 當市場價格超過設定閾值時自動觸發的交易暫停機制。
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 等級: 決定每日儲值及提領限額的身分驗證等級。
代理錢包: 持有您鏈上資金並代表您批准交易的合約。
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.
種子流動性: 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).