🟢Open Trading Stage

Open Trading Stage is the main phase in the lifecycle of a prediction market.

  • Traders can purchase Yes and No shares in the event market with up to 10x leverage, at a price defined by the vAMM pools.

  • Trading activity directly impacts share prices.

  • One trader's profit is another trader's loss.

  • PnL is calculated based on traders' position sizes (collateral x leverage) and the market's current YES and NO prices/odds, allowing the traders to realize profits or losses on demand during this stage.

  • During this stage, on closure of a position, 1% of position's profit is directed towards the reward pool.

  • The trading is allowed until a market resolution is accepted on UMA Oracle.

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