Using Seesaw#

This is the operational guide for the Solana web app. It covers what each trader-facing surface means and where funds move during a market lifecycle.

Markets#

A market asks whether a supported Pyth price feed finishes above or below its captured start price. Each market has a fixed trading window, a settlement mint, and immutable YES/NO share mints.

Market descriptions are written by admins or creators. Treat them as context, not as settlement authority. The on-chain market account, Pyth feed, start time, end time, and resolution rules define the market.

Orders#

Orders trade YES or NO shares on the Solana order book.

• Limit orders can fill immediately and rest any remainder.
• Post-only orders rest on the book and reject if they would take liquidity.
• IOC orders fill what is available immediately and cancel the remainder.

Before signing, review the side, price, size, fee preview, and settlement mint.

Fees#

Makers pay no taker fee. Takers pay a fee from the live fee curve. The fee is split between protocol treasury, market creator, and the active referrer or protocol fallback.

The web app shows fee previews from indexed protocol configuration. Final authority is the on-chain program instruction executed by your wallet.

Settlement#

After the market end time, anyone can trigger the required lifecycle transactions. The protocol compares the accepted start and end Pyth snapshots:

• YES wins when the end price is greater than or equal to the start price.
• NO wins when the end price is lower than the start price.
• If the market expires without a usable oracle result, both sides redeem at the expiry refund rate.

Claims#

Winning shares are not paid automatically to your wallet. Open Portfolio or Claims, review the claimable row, and submit the claim transaction.

Claim promptly after resolution. Some markets have a finite redemption window, after which abandoned payouts can be forfeited according to protocol rules.

Referrals#

A referrer can be set before trading. Once locked on-chain, referral attribution is immutable for the configured term. Attributed taker flow pays the referral share to the referrer earnings account. If there is no eligible referrer, the referral share routes to protocol fallback.

Never self-refer. The app and program reject self-referral paths.

Creator Earnings#

Creators earn the creator share of taker fees from markets they created. Creator fees accrue from actual matched taker flow, not from quoted volume or unfilled orders.

Use Creator or Claims to review and claim creator earnings. If direct fee delivery was not possible during settlement, deferred creator fees can be swept from the claim surface when the indexed row is claimable.