Core Concepts
| Term | Definition |
|---|---|
| Prediction Market | A market where contracts settle based on real-world outcomes (e.g. election results, sports scores, economic data). |
| Polymarket | The leading prediction market venue, operating on Polygon. |
| Kalshi | US regulatory-approved prediction market platform. |
| Opinion.xyz | Emerging prediction market protocol. |
| CLOB | Central Limit Order Book, a market structure with bids, asks, and matching. |
| Alpha Decay | The rapid erosion of trading edge once information becomes widely known and priced in; in prediction markets, this can occur within milliseconds. |
| PvP | Player vs Player, the Casino Era dynamic where profit comes at the expense of other participants. |
BETTER Architecture
| Term | Definition |
|---|---|
| Mempool Ingestion | The first stage of the pipeline, monitoring blockchain mempools and order books for real-time on-chain activity. |
| Signal Processing | The second stage. Raw data is processed by AI agents to generate actionable trading signals with confidence scores. |
| Vault | A pooled USD Coin deposit product on Base (staged rollout). For depositors, strategies execute on their behalf and performance is tracked in the Terminal. |
| Terminal | Product interface for real-time high-frequency trading feeds, performance dashboards, and copy-trading. Displays processed signals. |
| Execution Engine | Rust-first execution stack with in-region and co-located routing. Public tick-to-trade claim: approximately 0.6 milliseconds, measured from mempool read to transaction hash on Base, then to order finality on Polymarket (Polygon). |
| BRAID Protocol | Bounded Reasoning for Autonomous Inference and Decisions. The constrained decision framework used by OpenServ agents. Trades must pass explicit checks (for example: liquidity depth, slippage, correlation, and risk limits) before execution. |
| Reasoning DAG | Directed Acyclic Graph used by AI agents to verify liquidity, risk correlation, and insider signals before execution. |
| MagicSpend++ | Enclave’s cross-chain spending abstraction enabling zero-friction deposits and execution. |
| Mirror Vault | Architecture with a “feeder” vault (Base, real capital) and “master” vault (Polygon, receipt tokens). |
| Co-location | Placing servers in the same data centers as exchange infrastructure for minimum latency. |
| Ratchet gate | A token-denominated access threshold that decreases as fully diluted valuation rises, designed to keep the estimated USD cost of access comparatively stable across phases. |
| FDV | Fully diluted valuation. The market capitalisation implied by the token price multiplied by the total token supply. |
Tokens
| Term | Definition |
|---|---|
| $BETTER | The protocol token that gates Terminal access (hold) and Vault access (stake). Thresholds vary by fully diluted valuation tier and optional Lite Mode. |
| vBETTER | ERC-20 receipt token representing a share of vault performance. |
| $SERV | OpenServ protocol token; $BETTER holders may receive airdrops. |
| Buyback and burn | A mechanism where protocol revenue is used to buy $BETTER on-market and permanently remove it from supply by sending tokens to an irrecoverable burn address. |
| Buy and sell tax | A trading tax applied on buys and sells of $BETTER (two per cent (2%) on buys and two per cent (2%) on sells). The proceeds route to the protocol treasury to fund capital expenditure such as infrastructure and hosting. |
| Value accrual | How a token benefits from product usage and protocol economics. For $BETTER, this includes access-gated demand and treasury-funded buybacks and burns. |
Market Mechanics
| Term | Definition |
|---|---|
| Premium/Discount | When a token trades above/below its implied underlying value. |
| Arbitrage | Capturing spreads by buying low in one venue and selling high in another. |
| HFT | High-Frequency Trading, algorithmic trading measured in milliseconds or microseconds. |
| Insider Score | BETTER’s proprietary metric rating the historical accuracy of specific wallet addresses. |
| HIP-3 | Growth Protocol mechanism for launching professional-grade synthetic markets. |