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A margin layer designed for the finality boundary.

Axient is a venue-linked, physically backed margin mechanism for binary event markets. It separates two moments that are often conflated: the end of borrowed exposure and the final resolution of the event claim. A user acquires an actual outcome token with isolated collateral and a separately accounted loan. Before the connected venue becomes non-tradable, the mechanism seeks to sell the minimum token quantity whose settled net proceeds repay that loan. The remaining tokens are then a fully funded spot claim and can wait through a proposal, delay, dispute, void, or redemption process without active debt.

The two clocks

Axient distinguishes:
  • Leverage maturity — the confirmed time at which debt is extinguished.
  • Claim maturity — the later time at which the venue’s final payout vector is known and the outcome claim may be redeemed.
The intended lifecycle is: open → reduce-only → hard-flat execution → confirmed debt-free spot → pending finality → redeemed. A submitted or matched order is not enough: the position reaches the debt-free state only after sale proceeds have settled and are applied to the debt ledger.

What the mechanism adds

  • Isolated accounting for collateral, debt, cash, and outcome-token inventory.
  • Physical directional exposure through the venue’s YES and NO outcome assets.
  • Executable-price risk based on cumulative executable cost and proceeds, not a decorative midpoint.
  • Minimum-sale deleveraging intended to preserve the greatest residual event exposure consistent with clearing debt.

What remains external

The connected venue still creates the market, matches orders, holds or settles the outcome assets, and determines the resolution path. Axient does not eliminate venue suspension, liquidity loss, oracle disputes, custody failure, chain failure, or jurisdictional constraints.
This documentation describes a protocol specification and its stated conditions. It is not a statement of production availability, a guarantee of execution, or investment advice.

Debt-free finality

See the condition under which leverage is considered over.

Executable risk

See why an executable exit is different from a displayed mark.