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The order book works similar to Central Limit Order Books (CLOBs) found on many centralized exchanges, except of course that settlement is on-chain. Orders are matched in price-time priority with a tick size of 0.1 cent. Cancel orders have priority.
There is one order book per asset, epoch, and strike price (price to beat).
Unlike most on-chain prediction markets, GammaSwap does not use the Conditional Token Framework (CTF). The order book supports margin trades and tracks one contract, which people can either long or short. This reduces complexity for both takers and makers. More in Contracts here.
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