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

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