# Skepsis

## Docs

- [Skepsis vs binary markets](https://docs.skepsis.live/comparisons/vs-binary-markets.md): How Skepsis differs from yes/no prediction markets like Polymarket.
- [FAQ](https://docs.skepsis.live/faq.md): Common questions about trading, payouts, liquidity, and access.
- [Risks and returns](https://docs.skepsis.live/for-lps/risks-and-returns.md): What liquidity providers earn, and the bounded risk they take.
- [The vault](https://docs.skepsis.live/for-lps/vault-overview.md): One ERC-4626 vault seeds every market and recycles capital on resolution.
- [Deterministic payouts](https://docs.skepsis.live/for-traders/deterministic-payouts.md): You see and lock your exact payout the moment you trade.
- [Example: BTC hourly close](https://docs.skepsis.live/for-traders/examples/bitcoin-hour.md): Price where BTC closes the hour, not just up or down.
- [Example: CPI print](https://docs.skepsis.live/for-traders/examples/cpi-print.md): Express a precise CPI view, not just above or below a line.
- [Example: stETH yield](https://docs.skepsis.live/for-traders/examples/steth-yield.md): A treasury hedge that binary markets cannot price.
- [Market types](https://docs.skepsis.live/for-traders/market-types.md): Range, time, and options. Every number you have a view on is tradable.
- [Placing a trade](https://docs.skepsis.live/for-traders/placing-a-trade.md): Choose a range, see the payoff, and take a position.
- [Reading the curve](https://docs.skepsis.live/for-traders/reading-the-curve.md): How to read the distribution and find a range worth taking.
- [Strategies](https://docs.skepsis.live/for-traders/strategies.md): Common ways to take a position on a continuous market.
- [Understanding ranges](https://docs.skepsis.live/for-traders/understanding-ranges.md): How buckets, the curve, and payoff = N/k fit together.
- [Alpha decay](https://docs.skepsis.live/how-it-works/alpha-decay.md): Liquidity thins toward resolution to defend LPs against late-information snipers.
- [Continuous vs binary](https://docs.skepsis.live/how-it-works/continuous-vs-binary.md): The same outcome, priced two ways. One carries basis risk; one removes it.
- [Economics](https://docs.skepsis.live/how-it-works/economics.md): Where payouts come from, how the vault earns, and why it stays solvent.
- [LMSR for humans](https://docs.skepsis.live/how-it-works/lmsr-for-humans.md): The pricing rule behind the curve, without the math degree.
- [Trust and resolution](https://docs.skepsis.live/how-it-works/trust-and-resolution.md): How markets settle, and why Skepsis is curated.
- [Introduction](https://docs.skepsis.live/introduction.md): Skepsis is a continuous-outcome prediction market. Price the range a number lands in, not a yes or no.
- [Glossary](https://docs.skepsis.live/overview/glossary.md): The terms used across Skepsis, defined briefly.
- [Quick start](https://docs.skepsis.live/overview/quick-start.md): Claim test USDC and take your first position on Arbitrum Sepolia.
- [Why continuous markets](https://docs.skepsis.live/overview/why-continuous-markets.md): Binary markets price direction. Skepsis prices magnitude. The difference is basis risk.

## OpenAPI Specs

- [openapi](https://docs.skepsis.live/api-reference/openapi.json)

## Optional

- [GitHub](https://github.com/skepsis-market)
- [X](https://x.com/skepsis_market)
- [Telegram](https://t.me/skepsis_market)