One of the most powerful features of Seer is permissionless market creation. Any user can create a market on Seer; check it out for yourself.
1. Click “Connect” in the upper right corner to connect your web3 wallet
Markets can be created on either the Gnosis or Ethereum blockchains; this example uses Gnosis.
2. Click “Create New Market”
You can also click “Create Market” in the navigation bar.
3. Select market type
There are four types of markets to choose from:
- Categorical markets have one correct outcome out of multiple options. This can include binary (Yes or No) outcomes.
- Scalar markets resolve to a numeric outcome along a scale.
- Muti Categorical markets allow for multiple correct outcomes. For example, ‘which teams will make the playoffs this year?’
- Multi Scalar markets allow for multiple numeric outcomes. For example, ‘how many seats will each party win in the Bundestag?’
4. Enter Question and Outcomes
The following example is for a Categorical market. Clicking on the “+” sign will allow more options to be added.
Optional: By default, outcome tokens are automatically named after their respective outcome. To customize the names of the outcome tokens, click “Set custom token name”. Letters must be uppercase and token names no more than 11 characters. For example, “BANNONPARDY” and “BANNONPARDN”
5. Select the “Opening Date”
This is the date the market opens for resolution and not the date it opens for trading. (All Seer markets are available for trading as soon as they are created.) Remember to use UTC time.
6. Review and click “Create Market”
There is a tiny transaction fee of under $0.01 in xDAI.
Optional: Verify the market
Because anyone can create a market, Seer allows for markets to be vetted through Kleros Curate so users know they can safely interact with a market. These markets have a green “Verified” badge:
Markets can be verified during market creation or after the market is already created by clicking “Verify it” in the bottom right of the market container. A refundable deposit of roughly $120 in xDAI is required to verify a market.
Please keep in mind
- All markets (even markets not verified) must meet Seer Market Rules or they will be invalidated. These can be found under “Policies” in the navigation bar.
- Seer uses an Automated Market Maker (AMM) so liquidity must still be added to the market in order to facilitate trading.
- To help traders discover markets, you can add your market to a category after it has been created.