Settlement Overview

FatTail Markets settles each market using one of three methods. The settlement method is assigned at market creation and cannot be changed afterward.

Method	Description	Use Case
Admin	Admin manually verifies and settles	Early-stage markets, fast settlement
Price Feed	Auto-settles via CoinGecko price data	Crypto price markets (BTC, ETH, SOL, etc.)
Community (Optimistic Oracle)	Proposal → Challenge → Vote	Subjective / interpretation-required markets

Common Terms

Resolution Time: The point after market close (closes_at) when the outcome determination process begins.
Finality: The state where the outcome is confirmed and positions are settled. Irreversible.
Bond: Collateral deposited by proposers/challengers in community settlement. Deters spam and incentivizes honesty.

Settlement Flow

Market closes (closes_at)
    ├─ Admin       → Admin confirms → Settled
    ├─ Price Feed  → CoinGecko check → Auto-settled
    └─ Optimistic  → Proposal → Challenge period
                         ├─ No challenge → Settled
                         └─ Challenged → Community vote → Settled