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Polymarket: Example

Example: pricing & arbitrage

  • Polymarket (Validator midpoint, 0–100 normalized): 64.0

  • Trove Mark: 59.5

  • EMA (illustrative): 62.0

  • Oracle (illustrative): (59.5 + 64.0 + 62.0)/3 = 61.8

Here, Mark < Oracle → longs receive funding.

Step-by-step intuition

  1. Polymarket midpoint implies “YES ~64%”

  2. Trove is trading “YES ~59.5%”

  3. Oracle blends these with a smoother to get 61.8

  4. Since Trove Mark is below Oracle, funding should pay longs to pull Mark upward

Arbitrage desk might buy Trove (59.5) and sell Polymarket (≈64.0), earning funding + potential basis convergence.


Lifecycle & settlement

  • Listing:

    • Only high-attention Polymarket markets with ≥6 months horizon

  • During life:

    • Standard Trove perp trading (Market/Limit), hourly funding cycles, risk controls

  • At event resolution:

    • Oracle settles to 0 or 100 based on Polymarket’s official market resolution (via UMA’s Optimistic Oracle process); Trove perps remain cash-settled (no physical delivery) Polymarket Documentation

What “cash-settled” implies mechanically

At resolution:

  • the oracle value hard-sets to 0 or 100

  • all open positions are marked at that terminal value

  • PnL is realized in USDH through standard perp settlement logic No delivery, no share redemption requirement for the end trader on Trove.

Exact resolution sources & timestamps are shown on the Transparency Dashboard, with the ruleset link per market.

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