# Augur: a Decentralized Oracle and Prediction Market Platform (v2.0)

## Contents

- [Abstract](abstract-and-introduction.md)
- [I. HOW AUGUR WORKS](how-augur-works.md)
  - [A. Market Creation](how-augur-works.md#a-market-creation)
  - [B. Trading](how-augur-works.md#b-trading)
  - [C. Reporting](how-augur-works.md#c-reporting)
    - [1. Dispute Windows](how-augur-works.md#1-dispute-windows)
    - [2. Participation Tokens](how-augur-works.md#2-participation-tokens)
    - [3. Market State Progression](how-augur-works.md#3-market-state-progression)
    - [4. Pre-reporting](how-augur-works.md#4-pre-reporting)
    - [5. Designated Reporting](how-augur-works.md#5-designated-reporting)
    - [6. Open Reporting](how-augur-works.md#6-open-reporting)
    - [7. Dispute Round](how-augur-works.md#7-dispute-round)
    - [8. Waiting for Window](how-augur-works.md#8-waiting-for-window)
    - [9. Fork](how-augur-works.md#9-fork)
    - [10. Finalized](how-augur-works.md#10-finalized)
  - [D. Market Settlement](how-augur-works.md#d-market-settlement)
    - [1. Settlement Fees](how-augur-works.md#1-settlement-fees)
    - [2. Reputation Redistribution](how-augur-works.md#2-reputation-redistribution)
- [II. INCENTIVES AND SECURITY](incentives-and-security.md)
  - [A. Integrity of the Forking Protocol](incentives-and-security.md#a-integrity-of-the-forking-protocol)
    - [1. Maximum Benefit to an Attacker](incentives-and-security.md#1-maximum-benefit-to-an-attacker)
    - [2. Parasitic Open Interest is Unknowable](incentives-and-security.md#2-parasitic-open-interest-is-unknowable)
    - [3. Minimum Cost of a Successful Attack](incentives-and-security.md#3-minimum-cost-of-a-successful-attack)
    - [4. Integrity](incentives-and-security.md#4-integrity)
  - [B. Our Assumptions and Their Consequences](incentives-and-security.md#b-our-assumptions-and-their-consequences)
  - [C. Market Cap Nudges](incentives-and-security.md#c-market-cap-nudges)
  - [D. Leveraging the Threat of a Fork](incentives-and-security.md#d-leveraging-the-threat-of-a-fork)
- [III. POTENTIAL ISSUES & RISKS](potential-issues-and-risks.md)
  - [A. Parasitic Markets](potential-issues-and-risks.md#a-parasitic-markets)
  - [B. Volatility of Open Interest](potential-issues-and-risks.md#b-volatility-of-open-interest)
  - [C. Inconsistent or Malicious Resolution Sources](potential-issues-and-risks.md#c-inconsistent-or-malicious-resolution-sources)
  - [D. Self-Referential Oracle Queries](potential-issues-and-risks.md#d-self-referential-oracle-queries)
  - [E. Uncertain Fork Participation](potential-issues-and-risks.md#e-uncertain-fork-participation)
  - [F. Responsibility During a Fork](potential-issues-and-risks.md#f-responsibility-during-a-fork)
  - [G. Ambiguous or Subjective Markets](potential-issues-and-risks.md#g-ambiguous-or-subjective-markets)
- [ACKNOWLEDGMENTS](acknowledgments.md)
- [References](references.md)
- [Appendix A: Finalization Time & Redistribution](appendix-a-finalization-time-and-redistribution.md)
- [Appendix B: Bond Size Adjustments](appendix-b-bond-size-adjustments.md)
  - [1. Validity Bond](appendix-b-bond-size-adjustments.md#1-validity-bond)
  - [2. No-Show Bond](appendix-b-bond-size-adjustments.md#2-no-show-bond)
  - [3. Designated Reporter Bond](appendix-b-bond-size-adjustments.md#3-designated-reporter-bond)