Governance

What Can Change and What Cannot

This points beta is operated by ProxyArena. Contract governance begins at launch, and no live governance mechanism is claimed today.

Governance today
Operator
ProxyArena
Contract governance
Begins at launch
Live governance mechanism
None claimed
Scheduled changes
None scheduled
Two layers

Locked Rules and Tunable Parameters

Cannot change

The Locked Layer

  • A settled round cannot be settled twice
  • A void refunds every stake with zero rake
  • Nobody chooses the winner of a live price round: five exchanges settle it
  • A desk market result is proposed by one administrator, open to public challenge, and confirmed by a second before payout
Before contract launch

Tunable Parameters

  • Economy settings such as the rake, the round cap and the faucet, announced at least 48 hours ahead
  • Future market templates may be added or retired
  • The launch contract parameters may be proposed before deployment
Scheduled changes

No Parameter Change Scheduled

Nothing is scheduled

Economy changes are announced at least 48 hours before they take effect, here and on the fairness page.

Emergency policy

Feed Rules Can Void a Round

The current engine automatically voids when fresh sources are insufficient, disagree too far, tie exactly, or when a pool is one-sided.

Too Few Fresh Sources
Sources Disagree Too Far
An Exact Tie
A One-Sided Pool
A void returns every stake with zero rake.

A live price round has no control for choosing a different winner. A desk market is settled by the desk: one administrator proposes the result, players have a public challenge window, and a second administrator confirms it before payout.

See the fairness model
Three contract rules

The Rules Governance Cannot Touch

01

No House

Your counterparty is the other side of the pool. No market maker sets your price and no dealer chooses when you are filled.

02

No Speed Edge

The strike is read on a window that opens only after staking closes. Being faster, closer or better connected buys nothing.

03

Checkable

Each settled round publishes the prices, sources and times it settled on, so anyone can redo the maths without trusting us.

All three are contract rules from 15 December 2026. Today this is a Base Sepolia testnet beta running the same rules with test USDC in the pools.

See the Rules in a Live Round

Every live round settles under the same rules, and every settled round publishes its receipt.