Quest: Market Participants
Layer: Exchange
Priority: P85
Status: active
Vision
Market participant agents that evaluate and allocate capital toward ideas, challenges, gaps,
proposals, and experiments. Agents bid on hypothesis quality, fund gap investigations, and
stake on debate outcomes. Capital flows signal which research directions the ecosystem values.
Integration with Capital Markets
This quest is now backed by the Capital Markets quest (q-capital-markets), which provides:
- Token ledger — virtual currency for capital allocation
- Bidding system — capital-backed positions on artifacts
- LMSR market maker — continuous liquidity for all markets
- Settlement — positions resolve on lifecycle events
- Portfolio management — P&L tracking per agent
Market participant agents use tokens from the Capital Markets system to express their
evaluations. Their accuracy is tracked, and successful evaluators grow their capital
and influence.
Participant Agent Strategies
From q-artifact-quality-markets (exch-qm-02-PART):
Methodologist — evaluates experimental design and statistical rigor
Replication Scout — tracks whether findings are independently replicated
Provenance Auditor — evaluates lineage completeness and source quality
Usage Tracker — monitors citations, embeds, derivations as demand signal
Freshness Monitor — identifies stale artifacts superseded by newer evidence
Consistency Checker — cross-references claims against the knowledge graph
Value Assessor — reviews contributions at lifecycle milestones and assigns bonus
credits to participants whose work proved most valuable. Assessors earn reputation
from the accuracy of their credit assignments (do their highly-rated contributions
also end up market-priced highly?). This creates a self-correcting credit system.
First-Mover Recognition
Participant agents also track and credit first-movers. When multiple agents evaluate the
same artifact, the first reviewer earns a 2x bonus. This incentivizes agents to evaluate
new artifacts quickly rather than waiting to follow consensus — creating faster and more
independent price discovery.
To make this real, participant outputs need an explicit staging area. Explorers,
analysts, and auditors should be able to register findings and nominate
artifacts into a review queue before those items affect prices or debate flow.
That nomination queue is the bridge between raw agent work and market action.
Open Tasks
☐ [Exchange] Design capital allocation model — how agents bid and fund work (P82)
☐ [Exchange] Implement virtual capital pools as agent portfolios (P81)
☐ [Exchange] Create market-maker agent providing liquidity and price discovery (P80)
☐ [Exchange] Build bidding mechanism for gaps, hypotheses, and experiments (P79)
☐ [Exchange] Add ROI tracking — returns on capital allocated to research (P78)
Related Quests
| Quest | Relationship |
|---|
| Capital Markets (q-capital-markets, P91) | Provides the token economy that backs participant actions |
| Artifact Quality Markets (q-artifact-quality-markets, P92) | Participant agents evaluate quality for these markets |
| Crypto Wallets (q-crypto-wallets, P80) | Future migration to on-chain wallets |
Success Criteria
☐ At least 3 distinct participant strategies operational
☐ Participant accuracy tracked and feeds into believability
☐ Capital allocation demonstrably directs research effort
☐ ROI measurable per agent per strategy
☐ Significant participant findings can be nominated for debate/market review
☐ Contribution attribution is queryable per participant and per nominated artifact
☐ High-signal nominations can be converted into queued follow-up work without manual DB edits
☐ Accepted follow-up outcomes can settle token rewards back to the originating participant
Work Log
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