Bet on what
happens next.
Trade real-world events as YES / NO shares. A 62¢ share is a 62% chance — winners settle at $1. Order-book pricing, sub-second on Solana, no AMM pool to drain at resolution.
Live markets
Order books across crypto, macro, politics, tech, sports and culture.
AMMs get drained the moment an event resolves.
Outcome-share prices are bounded $0–$1 and snap to a rail the instant reality lands. An automated market maker can be emptied by arbitrageurs faster than liquidity providers can withdraw — LPs can lose ~100% of capital at resolution. One documented case: an agent front-ran a thin pool for $1.2M over 72 hours.
That is why every serious venue runs an order book, not a pool. Enocovo does too.
Three steps. One dollar.
Find an event with a clear, oracle-verifiable outcome and a published resolution date.
Buy shares at the order-book price. Price × 100 is the implied probability; YES + NO always sum to $1.
When the event resolves, winning shares redeem for exactly $1.00 in USDC; losing shares expire at $0.
Built like a real exchange, not a betting pool.
Makers quote both sides, takers cross the spread — tight at 50/50, honest about the longshot premium away from it. No pool to drain at resolution.
Price × 100 is the implied probability. YES + NO always equal $1. Winners settle at a dollar, losers at zero. The number is the product.
Proposed outcome → dispute bond → challenge window → on-chain vote. Public, contestable, time-bounded — not a black box.
An optimistic oracle, not a referee.
- 1Propose
Anyone proposes the outcome with a bond. If no one disputes within the challenge window, it settles.
- 2Dispute (750 USDC bond)
A 2-hour window lets anyone challenge a proposed outcome by posting a bond.
- 3Vote (48–96h if escalated)
Disputed markets escalate to an on-chain token vote. ~93% resolve within two hours; 98.5% never need the vote.
How it compares
| Enocovo | AMM pool markets | Centralized exchange | |
|---|---|---|---|
| Pricing | Central limit order book | Constant-product pool | Order book |
| LP drain at resolution | None — no pool | High risk | n/a |
| Settlement | $1 / share, USDC on Solana | $1 / share | Cash, custodial |
| Resolution | Optimistic oracle (public) | Varies | Operator decides |
| Custody | Non-custodial | Non-custodial | Custodial / KYC |
| Speed / cost | Sub-second, sub-cent (Solana) | Chain-dependent | Fast, gated |
Fees that taper at the tails.
A single taker fee, highest at 50/50 where the spread is tightest and tapering toward the rails: 0.60% × 4 × p × (1 − p). Makers pay 0 bps. No deposit, withdrawal or resolution fees.
For reference, Kalshi runs formula-based taker fees of 0.07%–1.75% (maker up to 0.44%).
Live tape
FAQ
What does the price mean?+
The share price is the market-implied probability. A 62¢ YES share implies a 62% chance; YES and NO always add up to $1.
How do I get paid?+
When the market resolves, each winning share redeems for exactly $1.00 in USDC. Losing shares expire worthless.
Why an order book and not an AMM?+
AMM pools can be drained by arbitrageurs at resolution, wiping out LPs. An order book matches makers and takers directly with no pool to empty.
Who decides the outcome?+
An optimistic oracle: anyone proposes, anyone can dispute with a bond, and contested outcomes go to an on-chain vote.
Is it custodial?+
No. Trading is non-custodial — you sign from your own Solana wallet.
Markets for everything that hasn't happened yet.
Open the board, take a side, and let the market price the future. Non-custodial, on Solana.