Overview
Everett is an exchange on Solana where an event splits an asset in two, and each half has its own price.
What Everett is
Everything on Everett starts from an event: a yes-or-no question about the world, with the moment trading closes and the rule that settles it fixed up front.
Deposit one SOL into an event and it becomes one SOL·YES and one SOL·NO. They are ordinary SPL tokens. Each redeems for the SOL only if its outcome happens.
The two tokens trade in two separate pools, so the site quotes SOL twice for every event: once if YES, once if NO.
SOL·YES135.40
SOL·NO124.90
What you can do
- Trading: take a position in SOL that exists in one branch only, or back an outcome outright.
- Branches: turn a token into its YES and NO copies yourself, and back again.
- Liquidity: earn the swap fee in both branch pools of an asset.
- Impact: read what an event does to a price.
Resolution covers how an event settles and what each token is worth afterwards.
The words
| Word | Meaning |
|---|---|
| Event | A question with two outcomes, a close time and a way to resolve. |
| Branch | One outcome of one event: YES or NO. |
| Branch token | The copy of an asset in one branch, written SOL·YES. Redeemable 1:1 for SOL if YES. |
| Quote | The event’s pricing asset. USDC on listed events. |
| Odds | The price of USDC·YES in USDC. |
| Impact | Price in YES over price in NO, minus one. |