Polymarket 101
A primer on events, markets, tokens, and the CLOB.
Doji connects you directly to the Polymarket ecosystem. This primer covers the fundamental concepts you need to know to trade effectively.
Events vs. Markets
An Event is a broad topic or question, while a Market is a specific, tradeable outcome within that event.
- Binary Market: A question with exactly two outcomes (Yes/No). Example: "Will it rain today?"
- Multi-Outcome Market: An event with multiple possible answers. Example: "Who will win the MVP award?"
Outcome Tokens
When you trade on Doji, you aren't buying "shares" from a house. You are trading Outcome Tokens against other participants on the CLOB (Central Limit Order Book).
- Price: Reflects the market's estimated probability of an outcome (0.00 to 1.00).
- Settlement: Winning tokens are always redeemable for $1.00 USDC once the market resolves.
Collateral: USDC on Polygon
All trades on Doji are settled in USDC (specifically bridged USDC-e) on the Polygon blockchain. This ensures fast, low-cost settlement.
Doji uses a non-custodial wallet model. Your USDC and outcome tokens are stored in your Gnosis Safe, which only you can control.
Market Resolution
Markets are resolved by an oracle (usually UMA) once the event occurs and the outcome is verified.
- Open: Trading is active.
- Closed: The event has occurred; the market is waiting for resolution.
- Resolved: Winners can now redeem their tokens for $1.00 each.
Advanced Concepts
Ready for more? Explore our deep dives into the technical side of Doji.