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