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Physical exposure with isolated financing

An Axient position is designed to hold a venue-native outcome asset alongside separate debt and cash ledgers. It is not a perpetual-futures funding model: the collateral, loan, and outcome-token inventory are each recorded independently.

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Direction

• Long YES acquires the YES outcome asset.
• Short YES acquires the NO outcome asset when the venue provides a valid complete-set relationship.

Markets with another payoff structure require their own adapter and risk model.

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Isolated collateral

Collateral belongs to one market position in the base design. If collateral is C and gross leverage is L ≥ 1, the acquisition budget is L × C and the initial loan is (L − 1) × C. Unused budget remains as position cash.

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What a preview means

Any displayed preview is indicative. Actual position parameters depend on available depth, fees, lot rules, settlement behavior, and active controls.