🆕Creating Markets

Everyone can create markets in VORTX. Doing so just requires:

• 50$ worth of VORTX tokens

• At least 100 USDT0 for Initial Liquidity

• A cool idea that everyone wants to trade

Market creators get 0.10% of ALL THE TRADING VOLUME in markets they created. This makes for a symbiotic relationship where people want to drag users to the platform to participate in their markets, while the platform reward this efforts.

Creating a market is a 7 step process. Sounds complex? It's not!

Step 1 and 2: Approve allowance

To start with the process, you need to approve tokens allowance so that the Factory Contract is able to charge you, both VORTX and USDT0 for Initial Liquidity. This requires a one time signature for each token.

Step 3: Switch to Big Blocks:

Hyperliquid uses a dual-block architecture that allows you to "route" your transactions either to small blocks (regular transactions) or big blocks (transactions that require more gas and time than usual). You can read more about it here.

The "Create Market" page have a built in button to switch to big blocks. You just need to sign two transactions (One to approve an agent wallet that will send the request for you, and the second one to delete it).

BIG UPS to the chad 0xIkalgo for his help in this tool!

Step 4 and 5: Configure your market details and liquidity

After enabling Big Blocks, you can start configuring the details for your new market:

• Title: Use a simple statement or question, for example: "Will HYPE reach 50$ before 2025 ends?"

• Description: Describe your market, how it resolves to YES or NO. For example: "This market will resolve to YES if HYPE price reach 50$ before 2025 ends".

• Category: Category for the market you're creating.

• End Date: The last date to do deposits in the market.

• Resolution Details: How the market will be resolved. For example: "Resolution based on Hyperliquid SPOT price feed".

You also need to configure the initial liquidity deposit for your market (Min is 100 USDT0). Don't worry, you can withdraw it after creating the market, but this stand as a good way to avoid people spamming new markets when they don't intend to trade them.

Step 6: Create the market

Once everything is correctly configured, you can proceed to create your market by signing one transaction. This process can take up to a couple of minutes, so be patient.

Step 7: Disable Big Blocks Mode

You always want to disable big blocks after creating a market. This is to avoid your everyday transactions to be routed to big blocks, as they will take way more than usual to confirm and your experience on HyperEVM will lack the speed we are all used to.

Once you do, the process of creating a new Prediction Market is ready. You will see your newly created market in the index in 5-10 minutes, while indexing is processed.

Considerations

Take into account that VORTX team can cancel a market at any moment if the details are not correctly configured, if the market is confusing, or if it lacks details for it proper resolution. You can always withdraw your liquidity from cancelled markets, but you will lost the 50$ worth of VORTX you paid for creating the market.