Glossary

​

A

---

​

Ask

The lowest price at which someone is willing to sell. Also called the “offer.”

​

API Key

A secret code that allows software to communicate securely. In Predicade, API keys enable trading without signing every transaction.

​

B

---

​

Bid

The highest price someone is willing to pay. The “bid price” is what buyers are offering.

​

Bridge

A service that lets you move cryptocurrency from one blockchain network to another.

​

C

---

​

CTF (Conditional Token Framework)

The smart contract system that creates and manages outcome tokens on Polymarket. When you buy “YES” shares, you’re buying conditional tokens.

​

E

---

​

EIP-712

A standard way to sign structured data in Ethereum. It makes signing messages safer by clearly showing what you’re approving.

​

Fill

When an order is matched and executed. “Partially filled” means some but not all of your order completed.

​

G

---

​

Gas

The fee paid to process transactions on a blockchain. On Polygon, gas fees are very small (fractions of a cent).

​

Gnosis Safe

A type of smart contract wallet. Predicade uses Gnosis Safe deployed by Polymarket Factory for trading.

​

H

---

​

Hot Market

A market experiencing unusually high trading activity. Multiple traders making significant bets in a short time window.

​

L

---

​

Limit Order

An order to buy or sell at a specific price. It waits in the order book until someone matches your price.

​

Liquidity

How much money is available to trade in a market. High liquidity means you can buy or sell easily without moving the price much.

​

Liquidity Impact

How much a trade moves the market price. Large trades in small markets have high liquidity impact.

​

M

---

​

Market Order

An order that executes immediately at the best available price. Faster than limit orders but you might not get the exact price shown.

​

Market Resolution

When a prediction market ends and the outcome is determined.

​

O

---

​

Order Book

A list of all open buy and sell orders for a market. Shows prices and quantities available.

​

Outcome Token

A digital token representing a position in a prediction market. YES tokens and NO tokens are outcome tokens, which are conditional tokens.

​

P

---

​

P&L (Profit and Loss)

How much money you’ve made or lost on a position. “Unrealized P&L” is theoretical; “Realized P&L” is actual profit/loss after closing.

​

POL

The native token of the Polygon network, used to pay for gas fees. Formerly called MATIC.

​

Polymarket

A prediction market platform where people bet on real-world events. Predicade provides tools for Polymarket traders.

​

Position

Your current holdings in a market. “I have a YES position” means you own YES shares.

​

Prediction Market

A marketplace where people trade on the outcomes of future events. Prices reflect the crowd’s estimated probability.

​

Proxy Wallet

A smart contract wallet that acts on your behalf. The Gnosis Safe is a type of proxy wallet.

​

R

---

​

Relayer

A service that submits transactions on your behalf. Predicade uses Polymarket relayer for gasless trading.

​

Resolution

When a market’s outcome is determined and positions are paid out.

​

S

---

​

Share

A unit of ownership in a prediction market position. Each share pays 1 USD if correct, 0 USD if wrong.

​

Spread

The gap between the highest bid and lowest ask. A tight spread means the market is liquid.

​

T

---

​

Tick Size

The minimum price increment for a market. If tick size is 0.001, valid prices are 0.500, 0.501, 0.502, etc.

​

Y

---

​

YES Token

An outcome token that pays $1 if the predicted outcome happens. Buying YES means betting that something will occur.

​

N

---

​

NO Token

An outcome token that pays $1 if the predicted outcome does NOT happen. Buying NO means betting against something.

---

​

Need More Help?