Bet on anything. Profit on outcomes.
Quiver is a binary prediction market. Every market asks a question with exactly two outcomes — Yes or No — and closes at a stated time. You buy shares in the side you think is right. When the market resolves, the winning side splits the entire pool.
There is no order book and no automated market maker. You never need a counterparty, and there is no spread or slippage: shares are always sold at a fixed price, and what you eventually win depends only on how the pool is divided at the end.
Everything settles on chain. Balances, trades and payouts are held by a single public contract, and every action you take is a transaction you sign yourself.
Quiver markets are parimutuel. Money from both sides goes into one pool. Nothing is paid out until the market resolves, and then the whole pool is distributed among the winning shares in proportion to how many each holder owns.
A market moves through a fixed set of states:
Quiver charges a flat 1% fee on trades. There is no fee for claiming, no fee for a refund, and no ongoing or withdrawal fee.
Where the fee sits depends on the direction of the trade:
Fees never enter a market's pool, so they can never be paid out to a winner and can never be clawed back from one. A market's escrow is tracked separately from fees at all times.
The percentage shown on a market is the share of all outstanding shares held on that side. It is a reflection of how people have actually bet, not a price and not a fee.
A market with no shares on either side shows 50%. Because the odds are just the ratio of the two sides, a side that looks unlikely is also the side whose shares will claim a larger slice of the pool if it wins.
Pick a side, enter an amount, and confirm. You can enter either the amount you want to spend or the number of shares you want; the panel shows the exact shares, fee and total before you sign, and those figures are computed with the same arithmetic the contract uses, so there is no surprise at signing time.
The payout estimate shown next to your order is what your position would be worth if the market resolved your way immediately. It moves as other people trade — it is an estimate of a share of a pool, not a quote or a guarantee.
You can exit a position at any time while the market is still open. Selling burns the shares and returns their fixed price from the pool, less the 1% fee.
Selling is not a way to take a profit on a position that is going well — the price is fixed, so you always get back what the shares cost, less the fee. It is a way to get your principal out if you change your mind before the market closes.
Once the close time passes, selling stops along with buying. From that point the position settles either through resolution or through cancellation, which returns your principal.
A market's creator — or the protocol owner — records the outcome, normally once the close time has passed. The pool is then split among the winning shares in proportion to how many each holder owns. Recording an outcome ends trading immediately.
A worked example:
The remaining 3 winning shares claim the other 0.00425 ETH, and the two payouts add up to exactly the pool. Losing shares are worth nothing — that is the money the winners are splitting.
Notice what this means in practice: you profit when your side is the less crowded one. Backing an outcome that most people agree with means sharing the pool with many other winners.
Not every market resolves. A market can be cancelled instead, in which case nobody wins or loses and everyone takes their principal back. This happens in three situations:
A refund returns the principal your shares are worth, on both sides at once if you held both. Held 4 Yes and 6 No shares, and you get 0.01 ETH back — the full 0.01 ETH you put in. The 1% you already paid in trading fees is not returned.
Payouts are not pushed to you automatically — you claim them, which keeps settlement a transaction you control. Open Portfolio and any position that is ready will show a claim button.
A claim settles your whole position in that market in one transaction, and can only be made once.
Quiver runs on Robinhood Chain, an Ethereum layer 2. Gas is paid in ETH, so there is no separate gas token to acquire, and as a layer 2 its transaction costs are low.
Every trade, resolution and payout is a public transaction. You can follow any of them on the explorer, and the toast shown after each action links straight to it.
Sign in with an email address, a social account, or a wallet you already have. If you sign in without a wallet, one is created for you and you keep control of it — you do not need to understand any of this to place a bet.
After connecting you are asked to sign one short message. That signature proves you own the address and creates your session. It is a signature, not a transaction: it costs nothing and cannot move funds.
Quiver never takes custody of your balance. Funds sit in the market contract while a position is open and move directly back to your address when you sell, claim or are refunded.
The whole protocol is one contract. These are the functions the app calls on your behalf — useful if you want to verify behaviour on the explorer, or interact with it directly.
These are read-only and free to call. The claim screen reads previewRedeem directly; the trading panel reproduces quoteBuy and quoteSell using the same integer arithmetic the contract uses, so the figures you are shown are the ones the contract will produce.
