How Do We Know Who Wins?
When a real-world event happens, someone needs to confirm the result so the market can pay out winners. This process is called resolution. On PrometheX, resolution is handled by a decentralized system — not by one person or company. This ensures fairness and transparency.The Resolution Process
The event happens
The real-world event that the market is based on occurs. For example, an election concludes, a game finishes, or a deadline passes.
Someone asserts the outcome
After the event, an authorized party (usually the market creator) submits the result to the blockchain. This is called an assertion — a formal statement like “Yes, Bitcoin did hit $100k.”To make this assertion, the asserter puts up a bond — a deposit of real money that they’ll lose if their assertion turns out to be wrong. This financial incentive keeps people honest.
Challenge window opens
A countdown begins (typically 2 hours). During this time, anyone in the world can check the assertion. If someone sees that the asserted outcome is wrong, they can dispute it.If nobody disputes, the assertion is accepted as correct.
The Oracle: Your Neutral Referee
PrometheX uses the UMA Optimistic Oracle to verify outcomes. An oracle is an independent system that brings real-world information onto the blockchain. Here’s why it’s called “optimistic”:The UMA Optimistic Oracle assumes assertions are correct unless someone disputes them. This makes resolution fast — most markets settle in just a couple of hours. It’s only when there’s a disagreement that the process takes longer.
Why This Matters to You
- No trust required — You don’t have to trust PrometheX or any single person to declare the right outcome
- Anyone can verify — The assertion is public, and anyone can check it against reality
- Financial incentives — The bond system ensures that asserting the wrong outcome is expensive
- Dispute protection — If something is wrong, anyone can challenge it
What Happens After Resolution?
Once a market is resolved:| Your position | What happens | Action needed |
|---|---|---|
| You hold winning shares | Each share is worth $1.00 USDC | Tap Claim to collect |
| You hold losing shares | Shares are worth $0 | None — they expire |
| You provided liquidity | Remaining pool value is available | Withdraw your LP position |
Resolution Timeline
Here’s a typical timeline for how resolution works:| Step | Duration | What’s happening |
|---|---|---|
| Event occurs | — | The real-world event plays out |
| Assertion submitted | Within hours | Someone submits the result on-chain |
| Challenge window | ~2 hours | Anyone can verify and dispute |
| Market settled | Instant | Winners can claim once the window closes |
Most markets resolve smoothly within a few hours of the event happening. Disputes are rare because the bond system incentivizes honest assertions.