Complete Sets

A complete set is one of every outcome token: in a binary market, 1 YES + 1 NO. A set can always be minted (deposit $1.00, receive one of each) or burned (return one of each, receive $1.00). This creates a hard price anchor.

Why prices stay honest. Say YES is trading at $0.70 and NO at $0.35, so the pieces sum to $1.05. Anyone can mint a set for $1.00, sell the two tokens for $1.05, and pocket the spread; the selling pressure drags the prices back toward summing to $1.00. The same logic runs the other direction. You don't have to trust that the numbers add up. The mechanism enforces it.

Resolution delay. A market can't resolve the instant it closes, since not every transaction in the window has settled yet. To capture the full picture, there is a 48-hour delay from market close to resolution and payout.