Mechanism LabONCHAIN MECHANICS
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Value pathAfter several mechanisms, inspect how value and risk cross boundaries.LabLeave the lesson prompts and freely change or break the mechanism.ChallengesUse cross-module questions to test whether the boundaries really hold.GlossaryLook up unfamiliar terms and return to the related lesson.Research journalSave experiment states, compare outcomes, and write your explanation.
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COURSE MAP

See how ten onchain systems connect

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prediction-marketsNot started

Prediction Markets: How Views Become Prices

You do not need a finance or blockchain background. Six short lessons use characters, orders, and virtual credits to explain why a prediction market works—and why price is not truth.

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SUGGESTED FIRST

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LEARNING OVERVIEW

Lessons that may need another look

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Not started

0.70 Is Not a Cosmic Truth

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100 Credits, Two Futures

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A Proposal Is a Pending State Change

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prediction-markets

Prediction Markets: How Views Become Prices

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Follow a future-facing contract through collateral, orders, matching, price discovery, and resolution.

0/6 lessons0/6 investigations0/6 checks

  1. Write a Question That Can Settle

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  2. 100 Credits, Two Futures

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  3. How Views Enter the Order Book

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  4. How Matching Produces a Price

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  5. 0.70 Is Not a Cosmic Truth

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  6. Who Announces That the Future Happened?

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amm

AMM: Who Quotes Without a Counterparty?

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Reserves, LPs, slippage, arbitrage, and impermanent loss in one interactive pool.

0/4 lessons0/4 investigations0/4 checks

  1. Without an Order Book, the Pool Is the Counterparty

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  2. Why Does the Quote Get Worse?

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  3. Where Do LP Fees Come From?

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  4. When Outside Prices Move, Who Arbitrages?

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token-launch

Who Gets to Change a Token?

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Supply, allocation, vesting, dilution, burns, and multisig authority shape a token's power structure.

0/4 lessons0/4 investigations0/4 checks

  1. Supply Is a Set of Powers, Not a Number

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  2. When Does a Promise of Future Tokens Become Liquid?

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  3. Who Gets Diluted, and Who Gets the Choice?

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  4. Who Can Change the Supply Rule?

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matching-engine

The Millisecond That Matches an Order

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Limit and market orders, depth, priority, partial fills, and risk controls.

0/4 lessons0/4 investigations0/4 checks

  1. Who Should Fill First?

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  2. What Does a Market Order Consume?

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  3. Who Leaves the Spread Behind?

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  4. Why Does a Price Change Rejoin the Queue?

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oracles

How Does a Chain Know What Happened in Reality?

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Data sources, reports, challenge windows, economic bonds, and disputes define whether a system can trust the world outside the chain.

0/4 lessons0/4 investigations0/4 checks

  1. Code Cannot See Outside the Window

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  2. Why Is One API Result Not Enough?

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  3. Why Give a Wrong Report a Rebuttal Window?

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  4. How Does a Final Result Reach the Market Safely?

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ledger

A Ledger Everyone Can Verify

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Signatures, nonces, transactions, blocks, and state transitions form the shared foundation of onchain finance.

0/4 lessons0/4 investigations0/4 checks

  1. Who Authorized This Transfer?

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  2. Why Do Pending Transactions Queue?

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  3. Why Must the Same Transactions Have the Same Order?

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  4. What Is the Difference Between Confirmations and Finality?

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lending

When Does Collateral Get Liquidated?

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Collateral, LTV, interest, health factor, oracle prices, and liquidation incentives.

0/4 lessons0/4 investigations0/4 checks

  1. Why Can’t 100 TOKEN Borrow Its Full Value?

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  2. Why Can Debt Grow by Itself?

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  3. At What Price Can a Liquidator Take Over?

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  4. Who Gets Pushed into Bad Debt by a Wrong Price?

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stablecoins

How Can a Stablecoin Stay Near One Dollar?

0/100 · Not started

Peg targets, collateralized issuance, redemption arbitrage, reserves, and run risk.

0/4 lessons0/4 investigations0/4 checks

  1. Who Makes It Worth One Dollar?

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  2. Why Can $100 Mint Only 66?

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  3. What Is an Arbitrageur Repairing During a Depeg?

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  4. What Happens When Everyone Wants Out?

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mev

Who Gets to Choose the Order?

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Public mempools, sandwich trades, back-runs, and private order flow show how ordering power reallocates execution outcomes.

0/4 lessons0/4 investigations0/4 checks

  1. Who Can See a Trade Before It Executes?

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  2. What Does a Sandwich Searcher Extract?

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  3. Who Back-runs the Price Gap a User Creates?

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  4. Does Hiding a Trade Make Ordering Fair?

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governance

Who Gets to Change the Protocol?

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Proposals, voting power, quorum, delegation, timelocks, and treasury execution form one auditable authority chain.

0/4 lessons0/4 investigations0/4 checks

  1. A Proposal Is a Pending State Change

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  2. How Much Does One Vote Count?

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  3. Why Can’t a Passed Vote Execute Immediately?

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  4. A Treasury Is Not an ATM

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SUGGESTED REVIEW

Review up to three lessons at a time.

Review the explanation, complete the interactive exercise, and answer the knowledge check again.

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01

0.70 Is Not a Cosmic Truth

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02

100 Credits, Two Futures

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  2. 02
    Knowledge checkNot attempted
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  3. 03
    Free sandboxTry another scenario
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03

A Proposal Is a Pending State Change

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CONTINUE LEARNING

Who Authorized This Transfer?

Follow a signed transaction into a block and see why tampering, replay, and balance violations are rejected.

Continue Minimal Ledger →Open sandbox ↗View system relationships ↗
COURSE PROGRESS

Progress by course

A lesson is complete after its interactive exercise and knowledge check are finished.

FOUNDATIONS · ledger

A Ledger Everyone Can Verify

0%

Signatures, nonces, transactions, blocks, and state transitions form the shared foundation of onchain finance.

0 / 4 lessonsContinue →
ASSETS · token-launch

Who Gets to Change a Token?

0%

Supply, allocation, vesting, dilution, burns, and multisig authority shape a token's power structure.

0 / 4 lessonsContinue →
SECURITY · governance

Who Gets to Change the Protocol?

0%

Proposals, voting power, quorum, delegation, timelocks, and treasury execution form one auditable authority chain.

0 / 4 lessonsContinue →
MARKETS · prediction-markets

Prediction Markets: How Views Become Prices

0%

Follow a future-facing contract through collateral, orders, matching, price discovery, and resolution.

0 / 6 lessonsContinue →
MARKETS · amm

AMM: Who Quotes Without a Counterparty?

0%

Reserves, LPs, slippage, arbitrage, and impermanent loss in one interactive pool.

0 / 4 lessonsContinue →
MARKETS · matching-engine

The Millisecond That Matches an Order

0%

Limit and market orders, depth, priority, partial fills, and risk controls.

0 / 4 lessonsContinue →
SECURITY · mev

Who Gets to Choose the Order?

0%

Public mempools, sandwich trades, back-runs, and private order flow show how ordering power reallocates execution outcomes.

0 / 4 lessonsContinue →
MARKETS · lending

When Does Collateral Get Liquidated?

0%

Collateral, LTV, interest, health factor, oracle prices, and liquidation incentives.

0 / 4 lessonsContinue →
ASSETS · stablecoins

How Can a Stablecoin Stay Near One Dollar?

0%

Peg targets, collateralized issuance, redemption arbitrage, reserves, and run risk.

0 / 4 lessonsContinue →
SECURITY · oracles

How Does a Chain Know What Happened in Reality?

0%

Data sources, reports, challenge windows, economic bonds, and disputes define whether a system can trust the world outside the chain.

0 / 4 lessonsContinue →

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