Trust
The owner
No person picks a market’s answer. Some things still depend on the owner, and all of them are listed here.
The owner can
- Pause. A pause stops new markets, buying and adding liquidity. Selling, removing liquidity, readings, settling, redeeming and voiding keep working, so a pause of any length cannot void a market or hold anyone’s collateral.
- Approve and remove keepers.
- Approve and remove resolvers, for new markets only.
- Change the protocol and liquidity fees within their limits, for markets opened afterwards.
- Change the creation fee.
- Change the minimum time between readings, never below 60 seconds, for markets opened afterwards.
- Withdraw the fees owed to Credos.
The owner cannot
- Choose or change the outcome of any market.
- Move traders’ or liquidity providers’ collateral. No such function exists.
- Change the resolver, any fee, or the time between readings of a market that is already open.
- Stop anyone from selling, settling, redeeming or claiming a refund, even while paused.
Keepers
Keepers are a trust assumption too. A keeper cannot choose the price it records, but it does choose the moment, so the owner is trusted to approve honest keepers.