How to trade KPI markets

Looking for conditional markets with funding decisions? See CFMs. KPI markets are unconditional and settle on an observed KPI.

This page covers trading flow for KPI markets. If you're looking for CFMs, see How to trade (CFMs).

Basics

  • You choose a market (e.g., Base TVL — August 2025 (EOM)).

  • You decide whether you expect the final value to be higher (buy UP) or lower (buy DOWN).

  • You enter an amount (USDC), review fees (if shown), and confirm the trade.

[ADD FIGURE — select market] Alt: Markets list card with CTA Path: ../.gitbook/assets/kpi-trade-list-card.png

UI elements

  • Current estimate / Implied TVL: a single number visible in the right panel.

  • Chart: recent estimate history (from trades).

  • Actions: Buy UP, Buy DOWN, Swap, Sell.

  • Balances: your UP/DOWN tokens and USDC balance in the app account.

[ADD FIGURE — buy flow] Alt: Right-panel with Buy UP / Buy DOWN and estimate Path: ../.gitbook/assets/kpi-trade-buy.png

[ADD FIGURE — swap] Alt: Swap tab Path: ../.gitbook/assets/kpi-trade-swap.png

[ADD FIGURE — sell] Alt: Sell tab with confirmation Path: ../.gitbook/assets/kpi-trade-sell.png

Tips

  • You can exit at any time by selling your position before resolution. This allows you to lock in profits or cut losses based on market movements.

  • Liquidity and spreads may vary by market.

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