AGARILOADINGSENTIMENT—AGARILOADINGSENTIMENT—AGARILOADINGSENTIMENT—
Back to Markets

How It Works

Call where a stock closes its Window. Trade UP or DOWN with tUSDC. Settle on a signed price, on-chain.

Getting Started

Connect & Fund

Connect any Solana wallet — Phantom, Solflare, Backpack — on devnet. Get test funds sends a little SOL for fees when your wallet is short, then mints the venue’s test tUSDC to you in one signature. SOL pays network fees.

Pick a Window

Each Window is a stock — TSLA, NVDA, AAPL and six more — on a cadence lane the venue lists: 5m, 15m and 1h through the session, the overnight Gap, and the 24/7 token lane. The line is the opening print, the signed price recorded at the open of the round.

Trade UP or DOWN

Go UP if the Window closes at or above its opening print, DOWN if below — a close exactly on the line pays UP. Stake in tUSDC and see the exact quote for your size before you sign.

Collect Payout

When the Window closes, a signed price for that second is recorded on it. Winning contracts redeem for 1 tUSDC each less the settlement fee; losing contracts pay 0; a void pays 0.5 to both sides. Collect it on the Window's result, or everything at once from Portfolio.

Payout Example

Worked example — not a live quote

64¢
UP price
36¢
DOWN price
1.00
Max payout / contract
You buy100 UP @ 64¢ eachTSLA closes at or above the lineYou get100 tUSDC(+36 tUSDC before the settlement fee)

Sessions & Lanes

A stock exchange keeps hours, so the venue does too. Windows are listed in three lanes on the NYSE clock, and which lanes are on the board right now depends on the hour you are reading this.

Regular

5m · 15m · 60m · NYSE hours

Windows run back to back while US markets are open, 09:30 to 16:00 ET, Monday to Friday. A 5m Window opens on the five-minute mark and settles five minutes later; 15m and 60m run the same way on their own marks. The venue lists nothing outside the session, and an early close ends the lane early.

Gap

Friday close → Monday open

One Window a week across the weekend. Calls open at Friday's 16:00 ET close, the Window locks Sunday 20:00 ET, and it settles on Monday's first regular-session print at 09:30:00 ET — the opening print of the new session, not the opening cross.

Token

24/7 · xStocks

Tokenised stock on Solana — TSLAx, NVDAx, SPYx, QQQx — keeps trading when the exchange does not, so these Windows run every hour of every day on the same 5m, 15m and 60m cadences. They settle on the token's own signed quote, not the exchange's print.

What the clock says

The session chip, the marquee and every card say the same word about the hour, with a countdown to the boundary that matters. Nothing is ever just “closed”.

Open
: the exchange is trading; Windows open and close on their marks
Pre-market
: before 09:30 ET — listed Windows take calls, none of them fill
After hours
: after 16:00 ET — the session is done and the next open is on the clock
Weekend
: Saturday or Sunday; the Gap Window is the lane that is awake
Holiday
: the exchange is shut for the day, and the chip says so by name
Early close
: a half day — 13:00 ET — and the lane ends with it

Calls before the bell

The venue lists tomorrow's first Windows at tonight's close, so a call can be made while the market is shut. It rests post-only at your price: nothing fills before the open boundary, and if the book comes to you in the first minute after the bell, it fills at the price you set.

  1. Your wallet signs. The stake is held from the moment it rests until it fills, you cancel, or it expires.
  2. An unfilled call expires 90 seconds after the bell by default and the stake returns as venue credit. Resting until the Window locks is opt-in.
  3. No fill is promised. The venue's maker, or any trader, may take a resting call at your price.
  4. The 0.25 tUSDC seat bond comes back once the Window settles, and an unfilled call loses nothing if the Window voids.

Key Mechanics

Order-Book Pricing

A fully on-chain limit order book. UP and DOWN are the two sides of one book, and a UP buy and a DOWN buy can match into a freshly minted complete set — no house takes the other end of your trade.

Live Price

The chart plots the same feed the Window settles on, so the distance to the line is the distance that matters. A tick that has stopped is shown frozen with its age, never as live.

Fast Rounds

Windows run back to back on fixed cadences while their lane is awake. Entries close inside a no-entry buffer before expiry — 40% of the round, never under 30 s or over 5 min — so a call cannot be made after the answer is in.

On-Chain Settlement

Positions are seats on the Window’s ledger, an account the agari-events program owns on Solana. Every fill, settlement and redemption is a transaction anyone can open on the explorer.

How a Price Is Made

Nothing here is modelled. The price of UP is the best offer resting on the book, in cents — which is also the market's probability. DOWN is the same book seen from the other side. A UP buy and a DOWN buy that add up to one dollar can match into a freshly minted pair, so a quote exists from the first second without a market maker.

price(DOWN) = 1 − price(UP)cost = contracts × pricepayout if right = contracts × 1.00
stake
: what you put in
contracts
: how many the book fills for that stake
avg price
: the average fill across the book's levels
max cost
: escrow locked at the protective limit — a fill can never cost more
payout if right
: contracts × 1.00, before the settlement fee
odds
: the price of UP in cents — the market's probability

Every quote is read off the live book for your exact stake, so the cost you see is the cost the book would charge now. Orders go in immediate-or-cancel at a protective limit: what crosses fills, the rest is cancelled, and the escrow locked at that limit is the most a fill can ever cost.

Fee Structure

Settlement Fee

A basis-point skim on winning contracts at redemption, set by the venue per market and read from chain at use time — never assumed. It is printed on every receipt. A void pays 0.5 per side with no fee.

Trading Fees

The venue runs at zero maker and taker fees today; the program supports them and the venue sets 0. Your only cost of entry is the price you pay per contract.

Total Cost

Cost per contract = the book price. Winning contracts pay 1.00 less the settlement fee, so a contract bought under 1.00 always profits if it is right.

Settlement Process

  1. Window Closes
    The round reaches its scheduled expiry — the second its settlement price is asked about.
  2. The Print Is Recorded
    A signed price for that exact second is posted to the Window and verified on-chain: Pyth's own signature, or a RedStone package that at least 3 of 5 configured signers put their names to. Anyone may post it, and nobody can post a price the program has not checked.
  3. Settlement
    The agari-events program compares the closing print with the opening one. Close at or above the open pays UP, and a close exactly on the line pays UP; anything below pays DOWN. Where the policy names a second source, both boundaries are cross-checked first and a gap wider than 25 bps voids the Window instead.
  4. Payout
    Winning contracts redeem for 1 tUSDC less the settlement fee. Redemption is a program call you make — on the Window's result, or everything at once from Portfolio — and an unclaimed seat is cranked so nothing strands.

On-Chain Architecture

Transparent Positions

Your side and size are a seat on the Window’s ledger — one account per Window, one seat per wallet, each side’s contracts counted on it. Every position is verifiable on the explorer.

Instant Finality

Solana confirms in about a second, so a fill is final almost as soon as you sign, and settlement lands as soon as the closing print is on the Window.

Program Settlement

The agari-events program holds the collateral, resolves the Window from the recorded print and pays redemptions. No middleman, and permissionless cranks so funds can never strand.

Halts, Voids & Your Money

Halts

There is no licensed halt feed here, so a lane is halted when the signed price it settles on stops being printable. A Pyth tick wider than 50 bps, or an xStock the issuer has flagged, says “Trading halted”. A feed that has simply stopped — no Pyth tick for 15 s, a RedStone package older than 60 s, three failed token quotes — says “Signed price stale”. Either way the venue lists nothing new and the maker pulls its quotes. A halt never touches the chain, and it is never given as the reason a Window resolved.

Voids

If no reliable print lands inside the settlement window, the Window voids and both sides pay 0.5 — your stake back. The verdict says “Void — no reliable print, both sides pay 0.5”, and one line under it says why: a missing print names the source, the boundary and the deadline it passed; a cross-check divergence names the 0.25% band the two sources fell outside. Redemption credits the venue, the same as a win.

Your money

Everything here is tUSDC on Solana devnet, minted by the venue's faucet — it is worth nothing anywhere else. A deposit into your Trading Balance lets a browser key tap inside caps you set, so a call costs a tap instead of a wallet prompt; that key can never withdraw, only your wallet can. Nothing on the server ever holds a key of yours.

FAQ

Ready to predict?

Get test tUSDC, pick a side, and see if you can beat the book.

Go to Markets