Docs / How Token Rounds Work
How Token Rounds Work
Every token prediction round follows a defined lifecycle.
OPEN
↓
LOCKED
↓
ENDED
↓
RESOLVED
↓
CLAIM WINDOW
5.1 Open
During the Open phase:
- Users can select UP or DOWN
- Users can enter positions using ETH
- The current price is displayed
- The price-to-beat is displayed
- The countdown is active
5.2 Locked
Before the round ends, new positions are disabled.
Typically, the final approximately 30 seconds of the round are locked.
During this period:
- Existing positions remain active
- No new bets can normally be placed
- The market continues toward resolution
5.3 Ended
The round timer reaches zero.
At this point:
- Betting is finished
- No additional positions can be entered
- The protocol begins the resolution process
5.4 Resolved
The configured resolver and smart contract logic determine the final result.
DEEPSIGHT compares:
Opening Price
against
Closing Price
according to the configured price source.
The relevant price logic is implemented through the configured prediction and price contracts.
DEEPSIGHT's token markets can support configured Uniswap price sources including:
- Uniswap V2
- Uniswap V3
- Uniswap V4
