参考资料
术语表
预测市场和 SatoriEx 平台的常用术语词汇表。
- 事件
- 具有明确裁决时刻的现实世界问题。
- 市场
- 附属于事件的可交易工具。
- 结果
- One side (Yes or No) of a binary market. At resolution, either Yes resolves true or No resolves true — never both, never neither.
- 二元市场
- 具有两个结果的市场，通常为是和否。
- 多元结果市场
- 具有三个或更多可能结果的市场。
- 份额
- 对特定结果的持仓单位。若该结果裁决为真则支付 1 USDC。
- 价格
- 份额的当前交易价值，介于 0 到 1 USDC 之间，可解读为概率。
- 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.
- 限价单
- 仅在指定价格或更优价格成交的买入或卖出订单。
- 可市价成交订单
- 穿越买卖价差并立即与现有流动性成交的订单。
- 中央限价订单簿（CLOB）
- 中央限价订单簿——SatoriEx 使用的撮合引擎，采用价格优先、时间优先原则。
- 挂单方（Maker）
- 限价单在订单簿中挂单等待撮合的交易者。
- 吃单方（Taker）
- 订单与现有挂单撮合、消耗流动性的交易者。
- 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.
- 做市商返佣
- 挂单方在其挂单成交时获得的少量返还积分。
- 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.
- 结算
- 市场裁决后的派息阶段。胜出份额每份支付 1 USDC。
- 裁决
- 根据既定标准判定市场哪个结果正确的决定。
- 争议
- 对裁决提出的正式异议。提交需缴纳保证金；争议成立则退还保证金并支付奖励。
- 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.
- 熔断机制
- 当市场价格超出设定阈值时自动触发的交易暂停机制。
- 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 等级
- 决定每日充值和提现限额的身份验证等级。
- 代理钱包
- 持有您链上资金并代表您授权交易的智能合约。
- 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.
- 条件代币框架（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.
- 初始流动性
- 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).