Yes/No Markets

_{All in 1 atomic tx. If slippage exceeds tolerance → revert, no funds lost.}

How to Trade (Buy YES/NO Tokens)

1. Step 1: Find a Market

   • Navigate to the Markets page.
   • Browse the list or use the search bar to find an event you are interested in.
   • Click on the market card to open the Detail Page.

2. Step 2: Access Trading Panel

   • On the right-hand side of the page, ensure the Buy tab is selected.

3. Step 3: Choose Your Position

   Select your side based on your prediction:

   • YES: You believe the event will happen.
   • NO: You believe the event will not happen.

4. Step 4: Enter USDC Amount

   • Input the USDC amount you want to spend (e.g., $$ $100$ $$).

5. Step 5: Preview the Trade

   • Before confirming, check the preview details:
   Tokens Received

   • The total amount of YES or NO tokens you will get.
   Average Price

   • The cost per token based on current liquidity.
   Slippage Estimate

   • The expected price impact of your trade.
   Execution Split

   • The ratio of the trade filled via CLOB vs. AMM.

6. Step 6: Confirm and Execute

   • Click the Buy button.
   • Confirm the request in your wallet:
     • Passkey Wallet: Use Touch ID / Face ID.
     • EOA Wallet: Approve the MetaMask (or other wallet) popup.

7. Step 7: Completion

   • The transaction typically confirms in ~2 seconds on Unichain.
   • Your new position will immediately appear in your Portfolio.

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How to Sell a Position

1. Step 1: Switch to the Sell Tab

   • Open the trading panel on the right side of the market detail page.
   • Select the Sell tab.

2. Step 2: Select Your Asset

   • Choose the specific tokens you currently hold (YES or NO) that you wish to liquidate.

3. Step 3: Enter the Amount

   • Input the quantity of tokens you want to sell.
   • You can also use the percentage shortcuts (e.g., 25%, 50%, Max) to quickly fill the amount.

4. Step 4: Review and Confirm

   • Preview USDC received: Check the estimated amount of USDC that will be credited to your wallet after the sale.
   • Confirm: Click the Sell button and approve the transaction in your wallet to complete the trade.

Note

The Router finds the best reverse path - drains CLOB bid orders first, swaps the remainder through AMM via CLOB & AMM Hybrid.

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Exit or Hold Until Resolution

You can close your position anytime by selling YES/NO tokens on the market before resolution. Profit or loss depends on the current market price relative to your entry price.

If you choose to hold until the market resolves, winning outcome tokens can be redeemed 1:1 for USDC, while losing tokens become worthless.

Note

How to Redeem & Refund.

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Yes/No Markets Example

• Market context: “BTC above $100k before 2027-01-01?”.
• Current YES price = $0.48.
• You spend 100 USDC to buy YES:

Path	Amount in	Avg price	YES out
CLOB (existing limit orders)	40 USDC	$0.480	83.3 YES
AMM swap	60 USDC	$0.485	122.7 YES
Total	100 USDC	$0.483	~205 YES

If BTC exceeds $100k before the deadline:

• Market resolves YES = true.
• You redeem 205 YES → receive USDC. Profit > 100 USDC.

If the event doesn’t happen:

• YES tokens = $0. Loss of 100 USDC.

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Trading Order Types

		Cover image
Market Order	Enter immediately at current price	20.png
Limit Order	Set a price and wait for it to fill	21.png
Split & Merge	Mint / Burn a YES+NO pair for market-making or reclaim USDC	19.png