Veritas Protocol — How It Works

Veritas is a binary prediction market protocol on Arbitrum Sepolia where users trade YES/NO outcomes on crypto prices, sports, and weather events.

Fee Model

1.5% trading fee: 0.7% to LP reserves (inverse-weighted), 0.3% to gravity pool, 0.5% to protocol treasury.

Yield Mechanics

All yield streams use inverse-weighted distribution. Minority-side positions earn up to 3.4x more yield per dollar. Position yield from treasury routing is simulated on testnet (4% APY); Morpho ERC-4626 vault planned for mainnet. Losing position holders keep all accrued yield.

Ignition

Permissionless market creation for $50 USDC. Graduation requires $10,000 TVL and 30 participants within ~30 days. 14-day LP vesting. 100% refund if thresholds not met.

Settlement

SettlementManager with quorum-based oracle consensus and challenge window. Keeper scripts poll every 30 seconds. Fast mode for short markets, Governed mode for longer markets.

Contracts

Deployed on Arbitrum Sepolia (chain ID 421614). v0.2.1b. 234 tests, 90% statement coverage.

Home | Litepaper | GitHub | llms.txt