Core
Resolution & UMA
How a market settles, what the UMA banner means, and why “resolved” isn't always final.
How settlement works
- The event concludes (clock hits zero, or the real-world deadline passes).
- A resolution is proposed to UMA's optimistic oracle.
- A liveness/challenge window opens — anyone can dispute the proposed answer.
- If unchallenged, it finalizes. If disputed, it goes to a UMA DVM token-holder vote.
- Winning shares redeem at $1.00, losing shares at $0.00.
The UMA status banner
On any market past its event, a status banner appears at the top of the chart:
| Status | Meaning |
|---|---|
| Resolution Proposed | An answer is asserted, challenge window open — still tradeable, can still change. |
| Under Dispute | The proposal was challenged; headed to a UMA DVM vote. |
| Resolved | Finalized and immutable. Winners can redeem. |
Gamma flips a market to “resolved” the moment an answer is proposed, while trading is still open. Hexio treats that as Resolution Proposed — a market that is still activeis never shown as finally resolved, so you're not misled into thinking a tradeable position is locked.
Trading during the challenge window
The CLOB usually keeps accepting orders during liveness. Prices pin near $1.00 / $0.00 once the outcome is obvious, but the position is not redeemable until the status is truly Resolved. The header also shows a green Resolved · <winner>chip once an outcome is decisive (≥98¢) and the event has ended, so you can see the result at a glance even while the oracle finishes.
Redemption
After final resolution, winning positions auto-redeem; you can also redeem manually from the Positions tab. Redemption is on-chain and free of platform fees. See Positions & history.