Limitless

Subgraphs and MCP server for Limitless Exchange prediction markets on Base.

Why Subgraphs?

The Limitless REST API is useful for market metadata (titles, descriptions, categories) but has significant limitations for analytics:

• Rate limited — max 2 concurrent requests, 300ms minimum delay between calls, 429s on bursts
• No historical aggregation — no way to query total protocol volume, trade counts over time, or cross-market analytics
• No on-chain depth — the API doesn't expose individual trade fills, position balances, splits/merges/redemptions, or resolution payouts

Subgraphs solve all of this. They index every on-chain event into a queryable GraphQL API with no rate limits, full historical data, and flexible aggregation. The MCP server combines both — subgraphs for the heavy analytics, REST API for market names and metadata.

Why market names aren't in the subgraphs

Market titles and descriptions are stored off-chain in the Limitless database — they are not emitted in any on-chain event. Unlike Polymarket, which uses UMA's QuestionInitialized event to embed question text in ancillaryData on-chain, Limitless uses a GnosisSafe multisig as the oracle address. The multisig calls prepareCondition directly on the CTF contract with no accompanying event that carries the question text. The questionId in the CTF's ConditionPreparation event is a bytes32 hash, not readable text.

This means there is no on-chain source a subgraph can index for market names. The MCP server bridges this gap by joining subgraph data (via conditionId) with the Limitless REST API for titles and metadata.

Subgraphs

Two subgraphs indexing different exchange venues on the same CTF (Conditional Tokens Framework):

Subgraph	What it indexes
limitless-simple-markets	Binary Yes/No markets — CTF Exchange v1/v2/v3
limitless-negrisk-markets	Multi-outcome category markets — NegRisk Exchange v1/v2/v3

Both share the same CTF contract (0xC9c9...) for conditions, positions, splits, merges, and redemptions. Each indexes its own set of exchange contracts for markets and trades.

Entities

• Condition — prepared markets with oracle, resolution status, payouts
• Market / NegRiskMarket — exchange-registered markets with volume, trade counts, fees
• Trade (immutable) — individual order fills with maker/taker, price, USD amounts
• UserPosition — per-user token balances and PnL
• Split / Merge / Redemption (immutable) — CTF liquidity events
• User — aggregated trader stats
• MarketDailySnapshot / GlobalDailySnapshot — daily time series
• GlobalStats — protocol-wide singleton

Contracts

Simple Markets:

Contract	Address	Start Block
CTF	0xC9c98965297Bc527861c898329Ee280632B76e18	15,916,136
Exchange V1	0xa4409D988CA2218d956BeEFD3874100F444f0DC3	26,043,405
Exchange V2	0xF1De958F8641448A5ba78c01f434085385Af096D	39,507,768
Exchange V3	0x05c748E2f4DcDe0ec9Fa8DDc40DE6b867f923fa5	39,598,606

NegRisk Markets:

Contract	Address	Start Block
CTF	0xC9c98965297Bc527861c898329Ee280632B76e18	15,916,136
NegRisk Exchange V1	0x5a38afc17F7E97ad8d6C547ddb837E40B4aEDfC6	28,018,020
NegRisk Exchange V2	0x46e607D3f4a8494B0aB9b304d1463e2F4848891d	39,508,390
NegRisk Exchange V3	0xe3E00BA3a9888d1DE4834269f62ac008b4BB5C47	39,598,827

Example Queries

# Global stats
{
  globalStats(id: "0x73696d706c65") {
    totalMarkets resolvedMarkets totalTradesCount
    totalVolumeUSD totalFeesUSD totalUsers
  }
}

# Recent trades with market info
{
  trades(first: 10, orderBy: timestamp, orderDirection: desc) {
    type maker taker amountUSD price venue timestamp
    market { id tradesCount volumeUSD }
  }
}

# User positions
{
  userPositions(where: { user: "0x..." , balance_gt: "0" }) {
    tokenId balance netCostUSD realizedPnlUSD
    condition { id resolved payoutNumerators }
  }
}

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MCP Server

An MCP server that combines both subgraphs with the Limitless REST API for market names and metadata. Every tool queries the subgraphs for on-chain data.

Tools (18)

Tool	Description
get_global_stats	Combined protocol stats across both market types
get_market_analytics	Full market detail — on-chain stats + metadata
search_markets	Keyword/category search with subgraph enrichment
get_market_trades	Trade feed for a specific market
get_market_daily_snapshots	Daily volume/trades/fees for a market
get_market_positions	Top position holders for a market
get_market_lifecycle	Creation → trading → resolution lifecycle
get_trader_profile	Trader stats merged across both subgraphs
get_top_traders	Leaderboard by volume, trades, or fees
get_trader_trades	Trader's recent trades with market names
get_trader_positions	Trader's portfolio with balances and PnL
get_daily_protocol_stats	Daily time series across both market types
compare_market_types	Simple vs NegRisk side-by-side comparison
get_liquidity_events	Splits, merges, and redemptions feed
get_recent_activity	Unified activity feed (trades + liquidity events)
get_conditions	Browse conditions with resolution status
get_subgraph_schema	GraphQL schema introspection
query_subgraph	Raw GraphQL escape hatch

Setup

cd mcp-server
npm install
npm run build

Claude Code Config

{
  "mcpServers": {
    "limitless": {
      "command": "node",
      "args": ["/path/to/limitless-subgraphs/mcp-server/build/index.js"],
      "env": {
        "GRAPH_API_KEY": "your_graph_api_key",
        "LIMITLESS_API_KEY": "lmts_your_key_here"
      }
    }
  }
}

API Keys

• GRAPH_API_KEY (required) — needed to query the subgraphs via The Graph. Get one at thegraph.com/studio/apikeys
• LIMITLESS_API_KEY (optional) — enables market name/metadata enrichment from the Limitless REST API. Without it, market browsing and search still work (public endpoints). Generate one at limitless.exchange → profile menu → Api keys. Key format: lmts_.... Pass via X-API-Key header. See the Limitless API docs for full details.

Note: The Limitless REST API is rate limited to 2 concurrent requests with 300ms minimum delay. The subgraphs have no such limits, which is why the MCP routes all analytics queries through them and only uses the REST API for metadata.