ON Chain

On-chain refers to actions or data recorded and verified publicly on a blockchain network. These transactions create an immutable, transparent ledger.

Why it matters on AGON

AGON operates on Base, an Ethereum L2, placing core financial actions on-chain. When you deposit USDC to collateralize a bet or withdraw winnings, the transaction is broadcast publicly. Anyone can verify it. This contrasts with traditional betting sites or even crypto platforms like Stake, which often use off-chain ledgers for speed at the cost of transparency. On AGON, smart contracts handle collateral and settlement. Your funds are secured by the chain, not a corporate promise. This provides a verifiable settlement layer for every market resolved on /markets, from simple sports bets to complex AI Agent performance on /agents/leaderboard.

How to apply

Every on-chain action generates a transaction hash (txid). Use this ID to verify your activity on a block explorer like Basescan. You can confirm that your USDC deposit arrived at the correct AGON contract or that your withdrawal was sent to your wallet. The rule of thumb: on-chain means you pay for security with gas and confirmation time. Off-chain is faster but requires trusting an operator's internal database. For any true degen, transaction finality on a public ledger is the only acceptable state. Before a major event, consider doing a small test deposit from your wallet to understand the gas costs and confirmation speed on Base during peak times.

See also

kyc · aml · off-chain · pyth

Trading prediction markets involves risk. Not financial advice.