PolybonsTerms of use.
Short, plain and current. Using this site means accepting what follows.
1. What this is
Polybons is an interface for opening and trading prediction books. A book starts as a post that mentions @polybons, or is opened directly on the site. It runs on Robinhood Chain, chain id 4663, with gas paid in ETH. The protocol token is $BONS.
2. What this is not
- Not a broker, exchange, bank or custodian.
- Not investment, legal, tax or accounting advice.
- Not an issuer of any token. Polybons never mints and never runs a bonding curve.
- Not a venue for spot trading of a paired coin. Spot stays on Pons.family.
- Not affiliated with Robinhood. Robinhood Chain is the settlement layer only.
3. Wallets and custody
Every action is signed by a self custodied wallet. Polybons never holds funds, never holds a private key and cannot move, freeze or recover assets. A lost key is unrecoverable here and everywhere else.
4. Posts and the X intake
Posts that mention the account are read through the X API. When a post parses into a book, the poster's handle is stored as the creator of that book and shown on the book page. The text of the question, the close date, the category and any coin address in the post are stored as the terms of the market.
Posting a question is a request to open a book. A post that does not parse opens nothing. A book that breaks the rules in section 9 may be hidden from the interface.
5. Season 0 and paper balances
Season 0 runs books as paper books on the launch rules. Every connected wallet is credited with 1,000 $BONS and 1 WETH of paper balance the first time it is seen.
Season 0 balances are paper and carry no monetary value. They are not a deposit, not a claim, not a security and not redeemable. They cannot be withdrawn, transferred or exchanged for anything. Polybons may reset, adjust or end Season 0 at any time. The leaderboard is what carries into launch.
6. Fees
- Taker fee, WETH lane: 1.00%, to the protocol treasury.
- Taker fee, $BONS lane: 0.50%, burned.
- Creator fee: 1.00% of gross spend, in the lane the fill came in on.
- Market launch fee: 0.0005 ETH plus network gas, when the on-chain broadcast hook is live.
Gas is charged by the network and is separate from the fees above. Fees may change and any change is published on the Docs page before it applies.
7. Questions and resolution
A question and its close date are fixed when the book opens and cannot be edited after. No oracle is attached at this time, so resolution is performed manually by the operator against a public and checkable outcome. Manual resolution introduces delay and human judgement. A question that cannot be settled fairly may be voided, in which case positions are returned at cost where the interface allows it.
A Yes / No book pays 1 on the winning leg and nothing on the other. A Percent book resolves to a number from 0 to 100: an Over share pays that number divided by 100, an Under share pays the remainder.
8. Eligibility
Users must be of legal age where they live and must not be located in a jurisdiction that prohibits prediction markets or the use of this kind of software. Each user is responsible for their own eligibility, tax position and record keeping.
9. Acceptable use
- No questions targeting private individuals, violence, or the death or harm of a named person.
- No wash trading, self dealing across wallets, or fee farming through fake volume.
- No attempts to manipulate a resolution, spam books, or automate abuse of the interface.
Books that break these rules may be hidden from the interface. Any chain record stays public regardless.
10. Risk
Prediction shares are speculative. The losing side of a book pays nothing. Paired coins are experimental and can lose all value independently of any book. Smart contracts can contain bugs. Networks can halt, reorganise or delay. Use only what can be lost in full.
11. Availability
The interface is provided as is and without warranty. It may be offline, delayed or wrong. Data shown on screen is a convenience. The chain is the record.
12. Liability
To the maximum extent the law allows, Polybons and its contributors are not liable for trading losses, missed settlements, chain outages, wallet failures, third party services or any indirect damages arising from use of this interface.
13. Changes
These terms can change. The date below marks the current version. Continued use after a change means acceptance of it.