Etherdrake
5.9 KiB
5.9 KiB
Documentation Index
Fetch the complete documentation index at: https://docs.polymarket.com/llms.txt Use this file to discover all available pages before exploring further.
Glossary
Key terms and concepts for Polymarket developers
Markets & Events
| Term | Definition |
|---|---|
| Event | A collection of related markets grouped under a common topic. Example: "2024 US Presidential Election" contains markets for each candidate. |
| Market | A single tradeable outcome within an event. Each market has a Yes and No side. Corresponds to a condition ID, question ID, and pair of token IDs. |
| Token | Represents a position in a specific outcome (Yes or No). Prices range from 0.00 to 1.00. Winning tokens redeem for $1 USDCe. Also called outcome token or referenced by token ID. |
| Token ID | The unique identifier for a specific outcome token. Required when placing orders or querying prices. |
| Condition ID | Onchain identifier for a market's resolution condition. Used in CTF operations. |
| Question ID | Identifier linking a market to its resolution oracle (UMA). |
| Slug | Human-readable URL identifier for a market or event. Found in Polymarket URLs: polymarket.com/event/[slug] |
Trading
| Term | Definition |
|---|---|
| CLOB | Central Limit Order Book. Polymarket's off-chain order matching system. Orders are matched here before onchain settlement. |
| Tick Size | The minimum price increment for a market. Usually 0.01 (1 cent) or 0.001 (0.1 cent). |
| Fill | When an order is matched and executed. Orders can be partially or fully filled. |
Order Types
| Term | Definition |
|---|---|
| GTC | Good-Til-Cancelled. An order that remains open until filled or manually cancelled. |
| GTD | Good-Til-Date. An order that expires at a specified time if not filled. |
| FOK | Fill-Or-Kill. An order that must be filled entirely and immediately, or it's cancelled. No partial fills. |
| FAK | Fill-And-Kill. An order that fills as much as possible immediately, then cancels any remaining unfilled portion. |
Market Types
| Term | Definition |
|---|---|
| Binary Market | A market with exactly two outcomes: Yes and No. The prices always sum to approximately $1. |
| Negative Risk (NegRisk) | A multi-outcome event where only one outcome can resolve Yes. Requires negRisk: true in order parameters. Details |
Wallets
| Term | Definition |
|---|---|
| EOA | Externally Owned Account. A standard Ethereum wallet controlled by a private key. |
| Funder Address | The wallet address that holds funds and tokens for trading. |
| Signature Type | Identifies wallet type when trading. 0 = EOA, 1 = Magic Link proxy, 2 = Gnosis Safe proxy. |
Token Operations (CTF)
| Term | Definition |
|---|---|
| CTF | Conditional Token Framework. The onchain smart contracts that manage outcome tokens. |
| Split | Convert USDCe into a complete set of outcome tokens (one Yes + one No). |
| Merge | Convert a complete set of outcome tokens back into USDCe. |
| Redeem | After resolution, exchange winning tokens for $1 USDCe each. |
Infrastructure
| Term | Definition |
|---|---|
| Polygon | The blockchain network where Polymarket operates. Chain ID: 137. |
| USDCe | The stablecoin used as collateral on Polymarket. Bridged USDC on Polygon. |