Trading guide

The market page exposes four actions. All of them are plain onchain transactions against the market contract — there is no off-chain order to manage.

Swap

Pick YES or NO, enter a USDC amount, and buy outcome tokens at the live AMM quote.

• Buying pushes that side's price up and the other side's down — the move is the price impact of your trade, larger on a thinner pool.
• Every buy/sell accepts a minOut slippage guard: if the quote moves against you before the transaction lands, it reverts instead of filling at a worse price.
• To exit early, sell the same token back into the pool. You can do this any time while the market is Open.

You enter	You receive	Slippage guard	Where the price goes
USDC → buy YES	YES tokens	minYesOut	P(YES) ↑
USDC → buy NO	NO tokens	minNoOut	P(YES) ↓
Sell YES	USDC	minUsdcOut	P(YES) ↓
Sell NO	USDC	minUsdcOut	P(YES) ↑

Reading the quote

The quoted price already includes the swap fee and the price impact of your size. The exact formulas and a full worked example are in AMM & pricing.

LP

Add USDC to mint LP shares, or burn LP shares to withdraw your share of the pool. LPs earn the swap fee charged on every trade; it compounds into the pool automatically. Removing liquidity can return a mix of USDC and outcome tokens if the pool is imbalanced.

See Providing liquidity & fees for the share math and a worked add/remove example.

Redeem

Burn an equal amount of YES and NO to recover USDC 1:1 — available any time before settlement, in both the Open and Locked states. This is independent of the AMM price and is the cleanest way to unwind a balanced position.

Claim

After settlement, redeem your winning outcome tokens for USDC at their net rate, and claim your LP payout. Losing tokens redeem for 0. Each is a single transaction; once claimed, your position is closed.