Create Market

A single operational flow for organization setup, proposal metadata, market creation, FLM liquidity, Snapshot linking, candle readiness, arbitrage setup, and publishing.

Companies

Permissionless Chiado Stack

This is the target testnet lifecycle: any wallet creates an organization, it is listed automatically, and the organization receives a default FLM for proposal liquidity.

01
Deploy permissionless stack
Deploy metadata implementations, public aggregator, market factory, Snapshot linker, indexer hooks, and FLM factory on Chiado.
02
Create default FLM bundle
After: deploy-stack
Create the proposal source, pool adapters, and default FLM bundle that will be attached to the organization.
03
Create organization
After: default-flm
Any wallet can create organization metadata with default FLM wiring; the creator becomes organization owner.
04
List organization
After: create-organization
Every created organization is added to the permissionless aggregator and appears in listings.
05
Owner creates proposal
After: list-organization
The organization owner can create proposals and point the FLM at the official proposal.

Contract Actions

01
DeployPermissionlessRegistry.run
Stage: deploy-stack
Deploy aggregator, organization, and proposal metadata implementations plus their factories.
Produces: aggregatorFactory, permissionlessAggregator, organizationImplementation, proposalImplementation
02
FutarchyLiquidityManagerFactory.createLiquidityManager
Stage: default-flm
After: deploy-permissionless-registry
Deploy proposal source, spot adapter, conditional adapter, and default organization FLM.
Produces: proposalSource, spotAdapter, conditionalAdapter, manager
03
FutarchyAggregatorsMetadata.createAndAddOrganizationMetadataWithDefaultLiquidityManager
Stage: create-organization
After: create-default-flm-bundle
Create organization metadata, attach the FLM/proposal source, and add it to the aggregator in one call.
Produces: organizationMetadata
04
FutarchyAggregatorsMetadata.getOrganizations
Stage: list-organization
After: create-and-list-organization
Read the aggregator list that backs the companies page.
Produces: listedOrganization
05
FutarchyOrganizationMetadata.createAndAddProposalMetadata
Stage: owner-proposal
After: read-listed-organizations
Organization owner or editor writes proposal metadata after the futarchy proposal exists.
Produces: proposalMetadata
06
FutarchyOfficialProposalSource.setOfficialProposal
Stage: owner-proposal
After: owner-create-proposal-metadata, create-default-flm-bundle
Point the default FLM proposal source at the active proposal once the proposal address is known.
Produces: officialProposal

Market Defaults

Organization

Proposal Code

Display Title

Resolution Question

Snapshot Proposal Hash

Vote Close Time

Company Token

PNK

0x37b60f4e9a31a64ccc0024dce7d0fd07eaa0f7b3

Currency Token

sDAI

0xaf204776c7245bF4147c2612BF6e5972Ee483701

One-Step Execution Plan

Org: Kleros DAOClose: 2026-07-07 10:45 UTCLiquidity: FLM

01
Organization
Select an existing organization or create a permissionless testnet organization.
Evidence: organizationAddress, organizationOwner
02
Metadata
Build proposal metadata, registry metadata, Snapshot reference, and display titles.
Evidence: metadataJson, closeTimestamp, snapshotId
03
Futarchy Market
Create the market with company/currency tokens, Reality bond, opening time, and resolver defaults.
Evidence: proposalAddress, factoryTxHash
04
Liquidity and FLM
Create or reuse the organization FLM, add initial liquidity, and set the official proposal.
Evidence: flmAddress, liquidityTxHash, officialProposalSet
05
Snapshot Link
After: liquidity
Link Snapshot only after liquidity exists, so Snapshot users never land on an empty market.
Evidence: snapshotLinkRegistryTxHash
06
Candles and Indexing
After: market, liquidity
Kickstart pools and verify registry/candle indexers can read the market.
Evidence: registryIndexed, candlesIndexed
07
Arbitrage
After: market, liquidity
Deploy or configure arbitrage contracts and bots that keep YES/NO pricing checked.
Evidence: arbitrageContract, botConfig
08
Publish
After: snapshot, indexing
Expose the market and FLM links on the company page after all checks pass.
Evidence: companyPageLink, marketUrl, flmUrl

Contract Actions

01
MetadataPublisher.publishProposalJson
Stage: metadata
Build and publish the registry metadata JSON, including Snapshot visibility fields.
Produces: metadataJson, metadataURI
02
IFutarchyFactory.createProposal
Stage: market
After: publish-metadata-json
Create the futarchy proposal market using company token, currency token, bond, and opening time.
Produces: proposalAddress
03
FutarchyOrganizationMetadata.createAndAddProposalMetadata
Stage: metadata
After: create-futarchy-proposal, publish-metadata-json
Store proposal metadata on the organization after the proposal address exists.
Produces: proposalMetadata
04
FutarchyLiquidityManagerFactory.createLiquidityManager
Stage: liquidity
After: create-futarchy-proposal
Create or reuse the organization FLM bundle for this token pair.
Produces: proposalSource, spotAdapter, conditionalAdapter, manager
05
FutarchyOrganizationMetadata.setDefaultLiquidityManager
Stage: liquidity
After: create-flm-bundle
Store the FLM and proposal source as the organization default used by market pages.
Produces: defaultLiquidityManager
06
FutarchyOfficialProposalSource.setOfficialProposal
Stage: liquidity
After: create-futarchy-proposal, create-flm-bundle
Point the FLM proposal source at the newly created proposal before public Snapshot routing.
Produces: officialProposal
07
FutarchyLiquidityManager.initializeFromBootstrap
Stage: liquidity
After: store-default-flm, set-official-proposal
Seed spot liquidity through the FLM before Snapshot sends users to the market.
Produces: flmAddress, liquidityTxHash
08
SnapshotLinkRegistry.linkSnapshotProposal
Stage: snapshot
After: bootstrap-flm-liquidity, create-proposal-metadata
Link Snapshot after liquidity is present and proposal metadata has been written.
Produces: snapshotLinkRegistryTxHash
09
CandleIndexer.backfillMarket
Stage: indexing
After: bootstrap-flm-liquidity, create-proposal-metadata
Verify organization/proposal metadata, market candles, and spot price feeds before publish.
Produces: registryIndexed, candlesIndexed
10
FutarchyArbitrageFactory.configureMarket
Stage: arbitrage
After: bootstrap-flm-liquidity
Configure arb contracts and bot parameters for the YES/NO and spot pools.
Produces: arbitrageContract, botConfig
11
CompanyMarketRegistry.publish
Stage: publish
After: link-snapshot-proposal, verify-registry-and-candles, configure-arbitrage
Expose the market on the company page once Snapshot, candles, metadata, and liquidity are ready.
Produces: companyPageLink, marketUrl, flmUrl

Generated Metadata Draft

This is the registry metadata shape the one-step flow will pass into the market creation and proposal metadata writes.

Open organization

{
  "chain": 100,
  "proposalAddress": "",
  "organizationAddress": "0xaAB097ead5c2Db1Ca7b1E5034224A2118EDAbe36",
  "snapshot_id": "",
  "closeTimestamp": 1783421148,
  "startCandleUnix": 1783244748,
  "twapStartTimestamp": 1783248348,
  "twapDurationHours": 24,
  "coingecko_ticker": "composite::0x2613cb099c12cecb1bd290fd0ef6833949374165+0x4c3b00293070073d71455f20fa9e5868cffd8678::0x89c80a4540a00b5270347e02e2e144c71da2eced-hour-500-xdai",
  "currency_stable_rate": "0x89c80a4540a00b5270347e02e2e144c71da2eced",
  "currency_stable_symbol": "xDAI",
  "visibility": "public",
  "resolution_status": "unresolved",
  "eventProbability": 0.5,
  "display_title_0": "What will the impact on PNK price be",
  "display_title_1": "if KIP-90 is passed?",
  "companyTokens": {
    "base": {
      "tokenName": "PNK",
      "tokenSymbol": "PNK",
      "wrappedCollateralTokenAddress": "0x37b60f4e9a31a64ccc0024dce7d0fd07eaa0f7b3"
    }
  },
  "currencyTokens": {
    "base": {
      "tokenName": "sDAI",
      "tokenSymbol": "sDAI",
      "wrappedCollateralTokenAddress": "0xaf204776c7245bF4147c2612BF6e5972Ee483701"
    }
  },
  "flm": {
    "mode": "flm",
    "address": "",
    "proposalSource": "",
    "officialProposalAfterMarketCreation": true
  },
  "snapshot": {
    "space": "kleros.eth",
    "proposalId": "",
    "linkAfterLiquidity": true,
    "visibilityMetadata": {
      "includeOnSnapshotWebsite": true,
      "linkedBy": "SnapshotLinkRegistry.linkSnapshotProposal"
    }
  },
  "registry": {
    "organizationAddress": "0xaAB097ead5c2Db1Ca7b1E5034224A2118EDAbe36",
    "proposalCode": "KIP-90",
    "proposalMetadataMethod": "FutarchyOrganizationMetadata.createAndAddProposalMetadata",
    "defaultLiquidityManagerMethod": "FutarchyOrganizationMetadata.setDefaultLiquidityManager"
  }
}