Module event 

On-chain events (sol_log_data via Steel event! / .log()).

The server and indexer subscribe to these events to maintain the off-chain state: user balances, bet records, market outcomes, leaderboard history.

Event contract

Event	Trigger	Observer action
Deposited	Deposit ix	Indexer credits user’s off-chain USDC balance
PeriodSettled	AdminInstantSettlement	Bot computes + dispatches payouts; DB records outcome
Paid	AdminPayout	Bot confirms payout in DB
Initialized	Initialize	One-time setup confirmation

Structs

Deposited

Emitted by Deposit. Server credits user’s off-chain balance by amount µUSDC.

Initialized

Emitted by Initialize.

Paid

Emitted by AdminPayout. Bot confirms the payout was delivered.

PeriodSettled

Emitted by AdminInstantSettlement. Server reads this to compute and enqueue payouts.