Getting Started

LIME 101

A short primer on continuous payoff markets and the vocabulary LIME uses across the stack.

Continuous payoffs

Binary prediction markets pay one side fully and the other side nothing. LIME Markets can pay anywhere between 0 and 1 based on the observed value at Resolution.

Linear payoff

payoffRatio = (observedValue - lowerBound) / (upperBound - lowerBound)
longPayout = quantity * payoffRatio
shortPayout = quantity * (1 - payoffRatio)

Market, not contract

LIME uses Market for the traded opportunity and Program for Solana executable code. This keeps the economic object separate from the infrastructure that manages it.

Execution vs settlement

Trade Execution records a matched Trade while a Market is active. Settlement happens later, after Resolution, when payouts or refunds become available.