Prices & Order Book

Price is bounded between 0 and 1. It represents the fraction of maximum payout paid by the Long side for exposure.

The Order Book is the off-chain collection of open Signed Orders for a Market. The Backend is the canonical source of truth for this MVP state; frontend stores may mirror it but do not own it.

In the MVP, a Buy Limit can match a Sell Limit when the Buy Price is greater than or equal to the Sell Price. The Execution Price is the Sell Price.