Using the System¶

This guide provides an overview of how to use the Prediction DAO system effectively.

Connecting Your Wallet¶

Before you can interact with the system, you need to connect your Web3 wallet.

Steps to Connect¶

Click the "Connect Wallet" button in the top right corner
Select MetaMask (or your preferred wallet)
Approve the connection request
Confirm you're on the correct network

Multiple Wallets

You can switch between different wallet accounts. The interface will update to show positions and balances for the connected account.

Navigating the Interface¶

Dashboard¶

The dashboard is your home screen and shows:

graph LR
    A[Dashboard] --> B[Active Proposals]
    A --> C[Your Positions]
    A --> D[Welfare Metrics]
    A --> E[Recent Activity]

Active Proposals: View proposals currently in the trading phase
Your Positions: See all your active market positions and their values
Welfare Metrics: Check current and historical welfare metric values
Recent Activity: Monitor recent proposals, trades, and resolutions

Proposal Browser¶

Browse all proposals by status:

Active: Currently accepting trades
Pending: Awaiting activation
Resolving: In oracle resolution phase
Executed: Completed proposals
Rejected: Not executed proposals

Market View¶

For each proposal, you can view:

Current PASS/FAIL token prices
Total trading volume
Number of traders (anonymous)
Time remaining in trading period
Welfare metric being evaluated

Portfolio¶

Manage your assets:

View all your token positions
Check position values
Redeem settled positions
Track profit/loss
Monitor bond status

Key Interactions¶

Viewing Proposals¶

Navigate to "Proposals" tab
Filter by status if desired
Click on any proposal to view details:
Title and description
Funding request
Welfare metric
Milestones
Market statistics

Checking Welfare Metrics¶

Go to "Metrics" section
View current values:
Treasury Value (TWAP)
Network Activity Index
Hash Rate Security
Developer Activity
See historical trends
Participate in metric weight voting

Managing Your Portfolio¶

Navigate to "Portfolio"
View your positions:
Active positions (still trading)
Settled positions (ready to redeem)
Bonds (proposal/oracle/challenge)
Redeem settled positions:
Click "Redeem" on settled position
Confirm transaction
Receive payout based on resolution

Transaction Types¶

Standard Transaction Flow¶

sequenceDiagram
    participant User
    participant Wallet
    participant Smart Contract

    User->>Wallet: Initiate action
    Wallet->>User: Request confirmation
    User->>Wallet: Confirm & sign
    Wallet->>Smart Contract: Submit transaction
    Smart Contract->>User: Emit event
    User->>User: See confirmation

Gas Fees¶

All transactions require gas fees:

Submit Proposal: ~300,000 gas + 50 ETC bond
Trade: ~150,000 gas (varies with privacy proofs)
Oracle Report: ~200,000 gas + 100 ETC bond
Redeem Tokens: ~80,000 gas

Gas Optimization

Batch multiple trades in a single epoch to reduce per-trade gas costs.

Privacy Features¶

Your Trading Privacy¶

When you trade, your position is private:

Position Encrypted: Your position size and direction are encrypted
Zero-Knowledge Proof: You generate a proof your trade is valid
Batched Processing: Trades are processed in groups
Anonymous: Your identity isn't linked to positions

What's Public¶

The following information is publicly visible:

Total trading volume
Aggregate PASS/FAIL prices
Number of positions (not identities)
Market statistics

What's Private¶

The following remains private:

Your individual position size
Your trading direction (PASS or FAIL)
Your total holdings
Your trading history

Understanding Market Phases¶

Proposal Lifecycle¶

stateDiagram-v2
    [*] --> Submitted
    Submitted --> Review: 7 days
    Review --> Trading: Activation
    Trading --> Resolution: Trading ends
    Resolution --> Challenge: Oracle report
    Challenge --> Finalized: No challenges
    Challenge --> Escalated: Disputed
    Escalated --> Finalized: UMA resolution
    Finalized --> Executed: PASS wins
    Finalized --> Rejected: FAIL wins
    Executed --> [*]
    Rejected --> [*]

Phase Details¶

SubmissionTradingResolutionChallengeExecution

Proposer submits with 50 ETC bond
7-day review period
Community can review and discuss

Markets open for 7-21 days
Anyone can trade PASS/FAIL tokens
Prices reflect aggregate beliefs
Privacy protection active

Oracle submits welfare metric values
3-day settlement window
Evidence must be provided

2-day challenge period
Anyone can challenge with 150 ETC bond
Evidence review

2-day timelock
Ragequit window opens
Proposal executes if PASS > FAIL
Bonds returned

Notifications and Events¶

Stay Informed¶

The system emits events for important activities:

Proposals enter new phases
Oracle reports submitted
Challenges initiated
Markets resolved
Positions settled

Event Subscriptions¶

You can subscribe to notifications for:

Your proposals
Your positions
Specific welfare metrics
System-wide announcements

Best Practices¶

For All Users¶

Verify Transactions: Always review transaction details before confirming
Monitor Gas Prices: Trade when network congestion is low
Keep Records: Track your proposals and positions
Stay Updated: Follow system announcements

Security Tips¶

Security Best Practices

Never share your private keys or seed phrase
Verify the contract addresses before interacting
Use a hardware wallet for large amounts
Be cautious of phishing attempts
Double-check transaction details

Privacy Tips¶

Use key-change if you suspect collusion attempts
Don't publicly discuss your position sizes
Consider using multiple accounts for different strategies
Remember: all on-chain activity is permanent

Getting Help¶

If you encounter issues:

Check the FAQ for common problems
Review transaction history for error messages
Verify your wallet connection and network
Join community support channels

Next Steps¶

Learn more about specific features:

Submitting Proposals - Create proposals for the DAO
Trading on Markets - Participate in prediction markets
FAQ - Common questions and answers