Futarchy Binary Options

Futarchy is a governance system where decisions are made based on prediction markets. In this interface, you can trade binary options (YES/NO) on proposal outcomes.

How it works:

• Buy YES: If you believe the proposal will pass, buy YES tokens. If the proposal passes, you'll receive $1 per token.
• Buy NO: If you believe the proposal will fail, buy NO tokens. If the proposal fails, you'll receive $1 per token.
• Insurance (Sell): Sell tokens to provide insurance to others. You receive the premium upfront but may have to pay out if the outcome occurs.

The current price reflects the market's estimate of the probability of the proposal passing. For example, a YES price of $0.75 suggests a 75% chance of the proposal passing.