Veritas — Technical Litepaper
Yield-Bearing Prediction Markets with Minority-Side Incentive Amplification
Executive Summary
Veritas is a binary prediction market protocol on Arbitrum where every position generates yield. The protocol's core innovation is minority-side yield amplification: the less popular side receives a disproportionate share of all yield streams.
Three Yield Streams
1.5% fee per trade: 0.7% LP Reserve (inverse-weighted), 0.3% Gravity Pool (settlement distribution), 0.5% Protocol Treasury. Plus RWA yield from treasury routing (simulated on testnet, Morpho planned for mainnet).
Market Categories
- Crypto price markets (Chainlink: ETH/USD, BTC/USD, ARB/USD)
- Sports outcome markets (SportsOracle: ESPN + TheSportsDB)
- Weather condition markets (WeatherOracle: Open-Meteo)
Execution
Hybrid AMM (constant-product x*y=k) + on-chain CLOB (1c-99c limit orders). VALS slippage protection.
Ignition
Permissionless market creation: $50 USDC, virtual bonding curve, graduation at $10k TVL + 30 participants.
Settlement
SettlementManager: quorum oracle consensus + challenge window. Fast mode (single oracle) for short markets, Governed mode for longer ones.
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