Core Concepts
Markets
The traded object in LIME: an observable metric, bounded payoff range, lifecycle, collateral, and positions.
Definition
A Market is a negotiable opportunity with lower and upper bounds, a resolution schedule, a Resolution Source, lifecycle status, collateral, and user Positions.
Market fields
- Bounds
- The lower and upper values that map an observed metric into the payout range.
- Metric
- The observed quantity, such as a rate, price, index, or temperature.
- Resolution Source
- The declared source or method used to observe the final outcome.
- Status
- The lifecycle state that controls whether a Market can accept orders, resolve, settle, or refund.
Creator model
In the MVP, Market creation is permissioned and controlled by LIME/Admin. Third-party Market creation is intentionally left for a later design phase.