RESOLVE OUTPUT — SETTLE Work Function

Automatic verdict.
No action required.

SETTLE is not a user step. It is the return value of RESOLVE. When the target block is mined, the chain evaluates the ZK-proven regime state and closes the position automatically. MATCH or MISS. Deterministic. No oracle. No reporter. No dispute window. Register via TRIGGER. Settlement happens here.

Open Markets Whitepaper

Resolution Mechanism

The chain resolves. Nothing else does.

Every prediction market has a resolution mechanism. In every existing market that mechanism is a trusted party. SETTLE removes the trusted party by making chain state the resolution mechanism.

Every existing market

Oracle layer (UMA, Chainlink, Pyth)

Reporter committee (REP token holders)

Regulated exchange resolution

Manual resolution by operator

Dispute window (2-72 hours)

Trust the data vendor

SETTLE

Chain state at target block

ZK-proven regime classification

Deterministic at block height

Verifiable by any party

No dispute window

No trusted party at any layer

How It Works

Create. Stake. Block resolves.

A SETTLE market has three phases. After the target block, resolution is automatic and immediate.

Phase 01

Create the market

Define a question, a ticker, and a target block. The market is registered on-chain. Two positions available: YES and NO against the regime condition.

Phase 02

Stake a position

Any wallet stakes MKV on YES or NO before the target block. Stakes are locked. The pool accumulates until resolution.

Phase 03

Target block resolves

At the target block the chain computes regime state and produces a ZK proof. The proof is the resolution. Winning stakes claim the pool. No action required by any party.

Resolution Guarantee

InputBlock hash at target height— deterministic, cannot be manipulated

ComputationViterbi(M, observations)— same computation that validates the block

ProofBN128 Schnorr sigma— cannot be forged without running Viterbi

OutcomeChain state at target block— immutable after block confirmation

AnchorBitcoin OP_RETURN— independently verifiable

Trust modelZero— no committee, no oracle, no reporter

Implementation