Trading
A conditional trade is one transaction, and it tells you what your wallet holds in each outcome before you sign.
Conditional buy
“Buy SOL if YES” with 250 USDC does two things in one transaction: it splits the 250 USDC into 250 USDC·YES and 250 USDC·NO, then swaps the USDC·YES for SOL·YES in the YES pool.
If YES: 1.84 SOL
If NO: 250.00 USDCIf the event resolves YES, the SOL·YES redeems for SOL: you bought it at the YES price. If it resolves NO, the USDC·NO redeems for your USDC in full. The swap fee is the only cost.
Conditional sell
“Sell SOL if YES” is the mirror: it splits s SOL and swaps the SOL·YES for USDC·YES. The wallet ends with USDC·YES and s SOL·NO.
If YES, you sold at that price. If NO, you still own the SOL.
Closing early
Close, in the portfolio, reverses the swap in the same branch and merges the matched YES and NO back into plain tokens. The wallet is back in plain assets, and the difference is the trade’s result.
Trading the odds
Every event has one odds pool: USDC·YES against USDC·NO. Buying YES outright splits q USDC and swaps the USDC·NO for more USDC·YES. The wallet holds only USDC·YES, worth 1 USDC each if YES. Buying NO is the mirror.
The odds of YES are the price of USDC·YES in USDC.
What a quote shows
| Line | Meaning |
|---|---|
| If YES / If NO | What this trade leaves in the wallet in each outcome. |
| Price | The quote paid per unit of the asset in that branch, after the fee. |
| Price effect | How far this trade’s price is from the pool’s price before it. |
| Fee | 0.30% of the swap. |
| Max slippage | The furthest the pool may move before the transaction refuses. 0.50%. |