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For Traders

Complete guide to trading on Seesaw binary prediction markets.

Overview

As a trader, you:

Predict whether an asset's price will go UP or DOWN within a market's duration
Buy YES or NO shares based on your prediction
Receive payouts if your prediction is correct

In This Section

Understanding Shares - How YES/NO shares work
Placing Orders - Step-by-step order guide
Managing Positions - Monitor and adjust positions
Claiming Winnings - Settlement and payouts
Risks - Important considerations

Advanced Topics

Market Making - Providing liquidity
Automation - Automated trading strategies

How It Works

Quick Start

1. Choose Your Prediction

YES - Asset price will be higher at end than at start
NO - Asset price will be lower at end than at start

2. Place an Order

3. Wait for Resolution

Markets resolve automatically using Pyth oracle prices:

4. Claim Your Winnings

If you predicted correctly:

1 YES share pays 1 USDC if outcome is UP
1 NO share pays 1 USDC if outcome is DOWN

Key Concepts

Concept	Description
YES Share	Pays 1 USDC if price goes UP
NO Share	Pays 1 USDC if price goes DOWN
Market ID	Unique identifier: `floor(timestamp / duration_seconds)`
Epoch	Trading window (configurable: 60s to 7 days)
Settlement	Automatic payout after resolution

Example Trade

Step	Action	Result
1	Buy 100 YES @ 6000 bps (60%)	Pay 60 USDC
2	Price goes UP	YES wins
3	Claim winnings	Receive 100 USDC
	Profit	40 USDC (67% gain)

Benefits

Benefit	Description
Simple	Binary outcomes - UP or DOWN
Fast	Markets from 1 min to 7 days
Transparent	Pyth oracle, fully on-chain
Permissionless	Trade from any wallet

Risks

Risk	Mitigation
Market Risk	Limit position sizes
Oracle Risk	Pyth is decentralized with 90+ providers
Smart Contract Risk	Audited, open source

See Risks for detailed analysis.

Next Steps

Read Understanding Shares
Learn Placing Orders
Make your first trade