Trading Guide

Order Types

Market orders fill immediately against resting liquidity on the selected outcome book. You enter a USDC budget when buying or a share amount when selling. If there is not enough liquidity, only the available portion fills.

Limit orders rest on the book at your chosen price. In the current centralized CLOB flow, the app signs an order off-chain and submits it to the worker. In legacy deployments without centralized settlement, the same concept is executed directly through the exchange contract.

Matching

Prices are quoted in cents per share. YES and NO liquidity can cross directly, and complementary orders can also match through mint / merge paths so long as pricing conserves the 1 USDC payout per share pair.

Cancelling Orders

Open off-chain orders can be cancelled by signing a cancellation message for the worker API. The settlement contract also maintains an on-chain cancellation / min-nonce escape hatch for trust-minimized invalidation.

Exiting Positions

You do not have to hold a position until expiry. If there is liquidity, you can sell shares with a market sell or post a sell limit order before the market resolves.

Claiming

Winning positions are redeemed from the Profile page through Conditional Tokens. Maker rewards are tracked separately from trading PnL and are not the same thing as redeeming a winning market position.