📖Glossary

Liquidity

The ease with which users can buy and sell shares in a prediction market. Higher liquidity means smoother trading and better market efficiency.

Market Creator

A user who sets up a prediction market (single market or a parlay) on Groovy Market. Market creators earn 1% of the total trading volume from their markets.

Market Resolution

The process of determining the outcome of a prediction market. Initially, Groovy Market uses APIs for resolution, with plans to integrate truth oracles in the future.

Parlays

A type of prediction market where users combine multiple predictions into a single ticket. All selected outcomes must be correct for a parlay to win.

Prediction Market

A marketplace where users buy and sell shares based on their predictions of a future event’s outcome. Groovy Market follows a Yes/No structure for all markets.

USDC

A stablecoin pegged to the U.S. dollar, used as the primary currency for transactions in Groovy Market.

Yes/No Market

A binary prediction market where users bet on whether an event will or won’t happen by purchasing Yes or No shares.