How Boost works
Two kinds of markets, both settled by contracts on Robinhood Chain Testnet in native ETH. No account, no custody.
Price rounds
Every round market runs back to back rounds of 5 minutes, 15 minutes or 1 hour. While one round takes positions, the previous one is live and the one before has settled.
- 1Take a sideChoose UP or DOWN and an amount within the round limits. Positions close a few seconds before lock. You can add to your side but not switch.
- 2LockThe oracle price is recorded as the lock price. The round is now live for one interval.
- 3CloseThe next oracle price is the close. Above lock pays UP, below pays DOWN.
- 4ClaimWinners split the whole pool in proportion to their stake. Claim from the market or the portfolio.
payout = stake x (UP pool + DOWN pool) / winning pool, minus 2% of the profit
Outcome markets
Markets with two to eight possible results, such as a price bucket, a weekly volume range or which stock token gains most. Buy shares of the outcome you expect. When the market resolves, each winning share redeems for 1 ETH. You can sell shares back to the market maker at any time before close.
Price bucket markets resolve permissionlessly from their feed. Others are resolved by a resolver following the written rules on the market page.
Fees
10% of every fee goes to the trader's referrer if they have one. The rest goes to the treasury.
Risks
- You can lose the full amount of any position.
- Smart contracts can contain bugs. These contracts have not been audited.
- Oracle answers can lag the market. On short rounds a feed that has not updated produces a tie and a refund.
- Prediction markets may be restricted where you live. Check before you trade.