For Market Validators
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Market Validators, in the context of prediction markets, is a unique concept we have introduced. It refers to entities (users) who verify market outcomes by providing the correct answer from the available options. To participate, these users must lock $EARN tokens into the prediction market they wish to resolve, in return for earning a share of the market fees.
Some key characteristics of Market Validators include:
Resolve the Prediction Market: The primary responsibility of a Market Validator is to diligently determine the correct outcome from the specified options. Some Market Validators may have an advantage in resolving the market due to their expertise or access to relevant information. Once consensus is reached (see point 3), no further answers can be submitted, ensuring that prediction markets are resolved as quickly as possible.
Have ‘Skin in the Game’: By locking $EARN tokens, every Market Validator puts their funds at stake. If their answer is correct, they receive a share of the market fees; otherwise, they risk losing their staked amount.
Minimum Threshold to Reach: To resolve a bet, a minimum amount of $EARN tokens must be staked. This threshold is proportional to the total value of tokens staked in the prediction market.
