Market Lifecycle & States

Every market on Yamata progresses through defined states:

State Flow

State Definitions

1. Created

• Market parameters set

• Awaiting opening time

• No commitments accepted yet

1. Open

• Commitments accepted

• Position tokens minted

• Beta decreasing over time (if enabled)

1. Closed

• No new commitments

• Awaiting resolution time

• Event may still be ongoing

1. Resolved

• Market creator has submitted result

• 24-hour challenge period active

• Preparing for payouts

1. Payouts

• Winners can claim rewards

• Beta-weighted distribution (if enabled)

• Position tokens burned on claim

1. Cancelled/Refunds

• Market flagged or unresolvable

• All participants refunded

• No winners/losers