Transparency
DeepStack is the market maker of its own markets: it quotes both sides from its written position, through the same door as every reader, with capital and limits that are public here. Its coin is StackCoin, like everyone's: no cash value, no blockchain, no withdrawal.
DeepStack quotes the prices, writes the research and settles the results. Those are three different jobs, done under published rules. Here is who does what, and what each of them never does.
Job 1 · The house
Job 2 · The desk
Job 3 · Settlement
Where the house makes and loses SC
Reading the book…
The house can lose SC: when most traders are right, it pays out more than it collected.
Why the desk and the price can disagree
The house quotes around the written Call, blended with a measured base rate where the source allows, and skews with its inventory; prices then move with orders. The Call is a written opinion, public on the market page from the moment it is written, with its history. Both stand side by side, so you can see when the desk thinks the market is wrong, and check later who was right.
Locked rules
Each specification carries its hash from the listing; a determination for a changed specification is refused.
First release only
Only the first published reading counts. A later revision never changes a result.
A contest window
6 hours for a reading by rule, 24 for one read by the desk. The Desk Editor decides with an independent review; every decision is public.
Public track record
Every Call and every result on Markets · Resolved, with the full record as a CSV.
Clear voids
If the source fails or changes its definition, every open pair pays 50c a side, and the reason is published.
No cash value
StackCoin cannot be bought, sold or withdrawn. There is no blockchain and nothing to pay out.
No. DeepStack is not a registered securities or commodities exchange, broker, market maker or adviser, in any jurisdiction. Its markets trade a coin with no cash value and are not financial instruments. The house quotes prices in StackCoin, which has no cash value, and is usually your counterparty.
The memos are the desk's, written, signed and dated; every figure links to its source. The Analyst is a research assistant per market: it explains and argues, and it never places an order.
The reading waits until the end of the observation window. If no reading arrives, or the source's definition changes so the comparison cannot be made, the market voids and every open pair pays 50c a side. Inside the contest window a reader may contest an error of reading against the named source.
Yes. Markets · Resolved shows every Call beside the outcome, the desk's track record and its calibration, and the whole record downloads as a CSV.
The rules in full are on Rules; the record on Markets · Resolved.
Capital, exposure, P&L, the quotes standing now, the emission by reason and the volume by origin, as the exchange reports them.
The house's fair value in a market is its written position, the editorial Call of the question, dated and with its history on the market page. Around it the house sets a spread that widens with the uncertainty of its source (tier F2: a measured base rate blended with the Call; tier F2b: the Call alone, with a wider spread and smaller size) and skews with its inventory: the more it holds of one side, the less it pays for more of it.
Every quote is a passive order through the same door as a reader's, valid for 180 seconds and renewed, marked "house" in the book. The house withdraws a side when its inventory reaches Q, pauses when its source is stale, and never sets a settlement price: a market settles by the reading of its named source, by an instruction DeepStack signs. The house's own number for a market is published after the close.
House volume is a cost of making markets, not traction: the figures below keep it apart from readers' volume.
Every coin in circulation left the emission account with a reason.
Contracts filled, each fill counted once. Readers' volume is the figure that measures the platform; the house's is the cost of quoting; declared bots have their own.