Whitepaper
A one-page technical overview of the Enocovo order-book prediction-market protocol on Solana.
1. Outcome shares
Each market mints a complementary pair of outcome shares (YES, NO). One YES plus one NO is always redeemable for $1.00 in USDC. Shares are fungible SPL tokens, so they can be transferred, held, or traded freely until the market resolves.
2. Matching
Orders rest on a central limit order book keyed per market. A bid for YES at price p is economically identical to an ask for NO at 1 − p, so the book is internally consistent. Matching runs on Solana for sub-second confirmation and sub-cent fees; settlement is atomic against the share vault.
3. Resolution
At expiry an optimistic oracle assigns the winning outcome. A proposer posts a result with a $750 bond; a 2-hour window allows disputes. Undisputed results finalize automatically; disputed ones escalate to an on-chain token vote (48–96h). On finalization, winning shares are redeemable for $1.00 each.
4. Integrating
The protocol exposes a typed client, @enocovo-protocol/sdk, for reading books, streaming trades, and submitting orders. Market and oracle programs are open-source; addresses are published at launch.
5. Risk
Prediction markets are high-risk instruments. Prices can move sharply to a rail at resolution, liquidity varies by market, and disputed outcomes can take days to finalize. Trade responsibly; this document is not financial advice.