🎯How Libera Works

Market Timeframes

Libera offers multiple market durations to suit different trading styles:

Hourly Markets:

• Duration: 1 hour

• Best for: Quick price movements, news reactions, scalping strategies

• Settlement: Every hour on the hour

• Available: All asset classes (24/7 for crypto, during trading hours for stocks/metals)

Daily Markets:

• Duration: 24 hours

• Best for: Intraday trends, overnight positions, daily volatility

• Settlement: Daily at specified time (e.g., 23:59 UTC)

• Available: All asset classes

Weekly Markets:

• Duration: 7 days

• Best for: Medium-term trends, weekly analysis, balanced trading pace

• Settlement: Weekly at specified day/time

• Available: All asset classes

Monthly Markets:

• Duration: 30 days (approximately 1 month)

• Best for: Long-term positions, major trend predictions, fundamental analysis

• Settlement: Monthly at specified day/time

• Available: All asset classes

Market Creation Schedule

Market creation operates differently based on asset class:

Cryptocurrencies (24/7 Trading):

• New markets created continuously at expiration times

• Hourly: New market every hour

• Daily: New market at specified UTC time each day

• Weekly: New market at specified day/time each week

• Monthly: New market at specified day each month

Stocks (Market Hours Only - Coming Soon):

• Markets continue during open trading hours (9:30 AM - 4:00 PM ET)

• New markets created only when stock market opens

• If market expires outside trading hours, new market created at next market open

• Settlement uses last trading price during off-hours

Precious Metals (Market Hours Only - Coming Soon):

• Respects commodity market trading hours

• New markets created only during active trading sessions

• Settlement uses last available trading price during off-hours

NFT Markets (Coming Soon):

• Markets created based on floor price snapshots

• 24/7 trading for major NFT collections

• Settlement based on collection floor prices at expiration

Market Structure

Market Opening: When a new market is created, the oracle captures the current asset price as the "opening price" which serves as the baseline for settlement calculations.

Trading Window: From market creation until expiration, users can enter positions at any time. Each entry records the exact asset price at that moment (critical for Beginner Mode entry-weighted distribution).

Real-Time Data: Markets display current price, opening price, time remaining, and pool sizes (Beginner Mode) or order book depth (Standard Mode).

Settlement: At market expiration, the oracle captures final price and determines winners:

• If closing > opening: LONG/YES wins

• If closing < opening: SHORT/NO wins

• If closing = opening: TIE (stakes returned with no fees deducted)

Continuous Cycle: A new market immediately opens (for 24/7 assets) or at next trading session (for time-limited assets) using the closing value as the new baseline.

Market Examples

Bitcoin Hourly Market:

• Opens: 2:00 PM at $98,500

• Trading period: 1 hour (positions can be entered anytime)

• Closes: 3:00 PM at $99,200

• Result: LONG/YES wins (price increased)

• New market immediately created at $99,200

Apple Stock Daily Market (Coming Soon):

• Opens: Monday 9:30 AM at $185.50

• Trading period: 24 hours

• Closes: Tuesday 9:30 AM using Monday 4:00 PM close of $182.20

• Result: SHORT/NO wins (price decreased)

• New market created Tuesday 9:30 AM at $182.20

Elon Musk Net Worth Weekly Market (Coming Soon):

• Opens: Sunday 23:59 UTC at $245B

• Trading period: 7 days (enter anytime during the week)

• Closes: Next Sunday 23:59 UTC at $248B

• Result: LONG/YES wins (net worth increased)

• New market immediately created at $248B

BAYC NFT Floor Price Weekly Market (Coming Soon):

• Opens: Sunday 23:59 UTC at 15.2 ETH

• Trading period: 7 days

• Closes: Next Sunday 23:59 UTC at 16.8 ETH

• Result: LONG/YES wins (floor price increased)

• New market created at 16.8 ETH

Pool-Based vs Order Book Trading

Beginner Mode (Pool-Based LONG/SHORT):

• All LONG positions aggregate into one pool

• All SHORT positions aggregate into another pool

• Winning pool takes 99% of losing pool (1% settlement fee)

• Distribution based on entry-weighted performance

• Simple, straightforward interface

• 0.25% fee on each entry

• No early exit—positions locked until settlement

Standard Mode (Order Book YES/NO):

• Central Limit Order Book (CLOB) with bid/ask spreads

• YES and NO shares trade at prices representing probability

• YES price + NO price approximately equals $1.00

• Winning shares pay $1.00, losing shares pay $0

• Professional trading features with flexible exit

• 0.25% fee on each trade

• 1% settlement fee on winnings

Entry Timing and Commitment

Flexible Entry: Join anytime during the market duration. Early entry captures more price movement but has higher uncertainty. Late entry has more information but less profit potential in Beginner Mode.

Beginner Mode Commitment: Once entered, you are locked until settlement. Cannot exit early. Forces thoughtful initial analysis.

Standard Mode Trading: Can buy and sell shares throughout the market duration. Exit positions, take profits, or cut losses anytime before settlement.

Strategic Implications:

• Entry timing directly affects returns (Beginner Mode weighted distribution)

• Share price affects returns (Standard Mode)

• Both reward superior analysis and timing

• Shorter timeframes require faster decision-making

• Longer timeframes allow for more thorough analysis