Getting started
Additional tutorials Uniswap Foundation Futarchy Tutorial by @opmichael
You're finally ready to use Butter—let's get you onboarded.
Get funds on Unichain To use Butter, you'll need ETH on Unichain. The Uniswap app makes it easy to bridge ETH from the mainnet to Unichain.
Log in Choose the wallet in which you hold some collateral tokens and use it to log in to your Butter account.
Deposit collateral Deposit some collateral tokens into your Butter account, and get ready to trade. Deposit collateral →
Select a proposal Once your wallet is ready, pick a proposal to explore. Each proposal has two distinct markets for precise impact estimation—see our Overview for details on how Funded and Not Funded markets work.
Evaluate the forecasts For each proposal, look at the market's current forecast for both the Funded and Not Funded scenarios. Your goal is to find forecasts you think are priced incorrectly. Doing your own research on the proposal details and the broader ecosystem goes a long way. How to forecast →
Buy UP or DOWN in either market Each proposal has two separate markets: a Funded market and a Not Funded market. Each market's UP token price shows the current forecast of the metric in each scenario (proposal is Funded or Not Funded). How to trade →
For example, consider Proposal X's Funded market, where TVL is forecasted up to $100M. If the UP token trades at $0.20, the market forecasts $20M in TVL if Proposal X gets funded.
If you think TVL will actually reach $35M with funding, buy the UP token.
If you think that a $20M forecast is too optimistic, buy the DOWN token.
The Not Funded market works the same way but forecasts what happens if the proposal doesn't get funding.
Swap UP or DOWN in a market If you already hold tokens for one scenario (say, Funded-UP token) but decide that forecast is now overvalued, you can swap them for Funded-DOWN tokens (or vice versa). Just click Swap and input the amount.
Redeem your position After the funding decision is made for a proposal, one of its two markets becomes active and the other becomes void. How to exit →
If Proposal X is funded, its Funded market will resolve based on the reported metric, and its Not Funded market tokens become worthless.
If Proposal X is not funded, its Not Funded market will resolve based on the reported metric, and its Funded market tokens become worthless.
Once the active market resolves, go to your portfolio page to collect any payouts. That's it!
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