Proposal

After a qualifying event has happened, the market is ready to be proposed.

How do proposals work?

To submit a proposal, a user must put up a bond with their proposed answer. This ensures that proposals are made in good faith and backed by confidence. If the proposal is correct, the user earns a reward and gets their bond back; if incorrect, they lose their bond.

Example: A user submits a Yes proposal for Super Bowl Champion 2026 (Buffalo Bills) and posts a $750 bond. If their proposal is correct, they receive their $750 bond back plus a $2 reward; if incorrect, they lose their $750 bond.

What happens after a proposal is submitted?

After the proposal is submitted, it enters a 2-hour challenge period. During this time, anyone can challenge (dispute) the proposal by posting an equal bond. Once the challenge period ends, the proposal can no longer be challenged.

Example: After the Super Bowl Champion 2026 (Buffalo Bills) – Yes proposal is submitted, it can be challenged within the 2-hour window.

What happens if the proposal goes unchallenged?

If the proposal goes unchallenged during the challenge period, it is accepted as true and finalized as the market's outcome.

Example: After the Super Bowl Champion 2026 (Buffalo Bills) – Yes proposal is submitted, no one challenges it within the 2-hour challenge period. The proposal is accepted and finalized as the market's outcome.

What happens if the proposal is challenged?

If a proposal is challenged, it enters a discussion period, where participants debate whether the proposed answer is correct. After the discussion, oracle participants vote on which side is correct.

Example: After the Super Bowl Champion 2026 (Buffalo Bills) – Yes proposal is submitted, someone challenges it. Users then discuss whether the proposal is correct. After the discussion, oracle participants vote on the outcome.

What happens after the vote?

After the vote, the winning answer is finalized as the market outcome.

Example: After oracle participants vote on the Super Bowl Champion 2026 (Buffalo Bills) dispute, the winning vote is that the market should resolve to No. The outcome of No is finalized.