Smart contracts

MarketFactory

• Deploys a binary market permissionlessly in one transaction.
• Prepares the conditional-token condition and the market maker, seeds initial liquidity and takes the creation bond.
• Emits MarketCreated with question, rules, topic, closing time and position ids, the interface's discovery source.
• Cannot resolve markets or move trader funds.

TradeRouter

• Executes buys and sells with a minimum-output guard for slippage protection.
• Splits the 1.50% fee into protocol, creator and liquidity components and emits them in the Trade event.
• Tracks unclaimed creator fees and reserves them so liquidity removal cannot strand them.
• Handles liquidity add and remove for the market maker.

ProtocolConfig

• Stores creation bond, minimum initial liquidity, minimum market duration, resolution bond, dispute window and the three fee components.
• Enforces that creator + protocol + liquidity equals the total fee in basis points.
• Has a privileged owner able to change parameters for future activity; the owner cannot resolve markets or seize funds.

BondedResolutionAdapter

• Accepts a bonded outcome proposal after a market closes.
• Opens a challenge window during which any bonded participant can dispute.
• Finalises unchallenged outcomes and reports them to the conditional-token framework.
• Supports an invalid outcome path where a question cannot be resolved.

Vendored upstream components

Gnosis Conditional Tokens mints, splits, merges and redeems outcome positions. A fixed-product market maker provides pricing and liquidity. Both retain their original licences; see OPEN_SOURCE_NOTICES.md.