About These Docs

This documentation explains how Proof's conditional markets work: the instruments, the matching engine, margin, funding, settlement, oracles, and the pricing of conditional markets. It is a conceptual reference written to give you a clear mental model of the mechanics and how they fit together.

It is not an SDK or integration reference. You will not find endpoint signatures, client libraries, or wire formats here. The goal is to explain the concepts and the economics, not to document an interface.

These pages describe the current design. Proof is an evolving product, and the mechanics may develop over time as the product grows. Where a concept is described, treat the mechanism as the durable part and the specific configuration as a current value.

For exact, live parameters — fees, leverage, mark and oracle settings, tick and lot sizes, and other current values — refer to the product surface, which always reflects what is in force.