DOGX COMMUNITY
  • DogX White Paper
  • Introduction
  • Overview of DogX and Trading Mechanism
  • Order Management and Trading System
  • Airdrop Mechanism and Token Distribution of DogX
  • Prediction Markets and DogX Products
  • ERC1155 Token Management and Conditional Tools Framework
  • Settlement Process and Oracle
  • Proxy Wallets and Wallet Management
  • Rewards and Competitions
  • Conclusion
  • Contact and Social Media
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Settlement Process and Oracle

7.1 UMA Optimistic Oracle

DogX integrates UMA's Optimistic Oracle to resolve questions and events on the platform. The UMA Oracle allows DogX to quickly query and receive data, ensuring transparency and objectivity in determining event outcomes. The process includes:

  • Propose Price: Anyone can propose a value for the questions on the Oracle by registering their proposed price.

  • Dispute: If someone disagrees with the proposed value, they can submit a dispute to the Oracle system, requesting a review.

  • Resolve: After the dispute process is complete, UMA provides the final outcome to DogX.

7.2 Settlement Process

DogX has developed a custom UmaCtfAdapter contract, integrating with the UMA Oracle for efficient resolution requests. The process includes question initialization, price proposals, disputes, and confirmation of the final value.

7.3 Adapter and Extended Features

The latest version of UmaCtfAdapter also includes a bulletin board feature, allowing market creators to update or clarify questions through a dedicated interface. This ensures that complex or special questions are always fully explained.

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Last updated 6 months ago