Users can choose from multiple 'modes' when wagering in the P2P market.
Opening a position for asset X in this market implies the following:
Between start time and end time, the percentage change in price for asset X will be higher than the competing asset
Markets / lots are peer-to-peer, i.e. created by users - not the platform.
When creating a lot, the lot creator can choose between multiple modes of P2P lots, these are:
Multi-user mode: Multiple users v multiple users
Challenge mode: 1 v 1 wagers (these may be public or private wagers)
When creating a multi user Lot, Lot creator must choose the asset they wish to back and the opposing asset.
In a challenge Lot, the Lot creator can also choose the opposing asset they wish to wager against or can choose a basket of assets that they are open to wagering against. The challengee can then join a lot by backing an asset from the basket (i.e. creator can back BTC, and then for Asset B can whitelist 5 other assets like ETH, LINK, AVAX, SOL, FTM, and challengee can join the wager by picking one of these 5 assets).
A user joining the Lot can then pick one of the 5 (if creator made a basket) or pick any asset if creator has left it open.
Once the market is created, it allows users to open positions (by depositing collateral into the corresponding pools) for either asset until start time.