Robin Markets
Last updated
Last updated
Robin is a decision market built on Chromia. Built on the principles of Futarchy, Robin allows organizations to utilize markets for decision making. Additionally, Robin allows market participants to access a broader range of opportunities for exercising their trading edge.
We’re still developing the software architecture for Robin, and will be updating the docs here as we finalize components for our MVP.
A decision market allows organizations to put up proposals for trading and traders to express a view on what they think the impact is if the proposal passes or fails. In many ways, decision markets mimic options except for the market being tied to a specific proposal and not a probabilistic inference of outcomes.
As a trader you can either buy or sell the pass or fail price of an asset. The pass price meaning what the market thinks the price of the asset should be would the proposal pass and the fail price being vice versa. This means that if you think the price should be higher than the current pass market, if the proposal passes, you buy the pass market, and if you think it should be lower you sell it. When the market settles you are able to lock in a profit by swapping to the spot asset if you are right. These markets allow traders to express views in price ranges for specific governance proposals.
