> ## Documentation Index
> Fetch the complete documentation index at: https://docs.ezpz.fi/llms.txt
> Use this file to discover all available pages before exploring further.

# ezpz 101

> An introduction to ezpz.fi — prediction markets on Solana.

ezpz.fi is a prediction market where you trade on real-world outcomes — sports, crypto, pump.fun coins, and more. Prices reflect collective belief about what will happen. You trade with other players through automated pools (and eventually order books), not against a house.

Markets settle on **Solana**. The platform uses a **custodial wallet** so you can trade from the web app without signing every transaction.

## Prices are probabilities

Every outcome share is priced between **$0.00** and **$1.00**. The price reflects implied probability.

| Price  | Implied probability |
| ------ | ------------------- |
| \$0.25 | \~25% chance        |
| \$0.50 | \~50% chance        |
| \$0.75 | \~75% chance        |

If YES trades at **65¢**, the market implies roughly a **65%** chance the outcome occurs.

## Collateral and tokens

ezpz.fi uses **USDC** as collateral. Every YES/NO pair is fully backed:

* **\$1 USDC** mints one YES token and one NO token (minus fees)
* **Winning tokens** redeem for **\$1.00** each after resolution
* **Losing tokens** are worth **\$0.00**

Outcome tokens are **SPL tokens** on Solana — real on-chain assets in your custodial wallet. See [Outcome tokens](/concepts/outcome-tokens) and [USDC collateral](/concepts/usdc-collateral).

## Trading

In M1, most markets trade through an **AMM** (automated market maker). You swap against a liquidity pool at the current price.

| Action      | When to use                       | Profit scenario                                   |
| ----------- | --------------------------------- | ------------------------------------------------- |
| Buy YES     | You think probability is too low  | Event occurs                                      |
| Buy NO      | You think probability is too high | Event does not occur                              |
| Sell / hold | Lock in gains or cut losses early | Sell via AMM before cutoff, or hold to resolution |

<Note>
  **Order-book (CLOB) trading** is planned for a future release. See [Venues](/concepts/venues).
</Note>

You can exit before resolution by [selling](/trading/sell-prediction) via the AMM when the market is still open and the pool has liquidity.

## Resolution

When an event concludes, markets are **resolved** to a winning side:

1. The real-world outcome is determined from the market's **resolution source**
2. An **operator** (or automated cron for factory markets) submits the result on-chain
3. After the **dispute window**, winners **redeem** tokens for USDC

Unlike permissionless oracle systems, M1 resolution is **operator-gated** with a published resolution source per market. See [Resolution](/concepts/resolution).

## Pump.fun coin markets

On **Pump.fun** (`/pumpfun`), makers and community members publish **synthetic markets** on creator coins — graduation calls, market-cap targets, and five-minute up/down windows. Only coins with a published ezpz market appear in the feed; the raw pump.fun listing is not shown.

Coin creators can optionally link their wallet for a **Verified creator** badge. See [Pump.fun markets](/concepts/pumpfun-markets).

## Custodial trading

ezpz.fi uses custodial execution for a fast web experience:

* You **sign in** with your Solana wallet once
* The platform holds a **custodial keypair** linked to your account
* Trades execute on-chain **without a wallet popup per prediction**
* You can **withdraw USDC** to an external address when ready

Your positions (SPL tokens) and balances are on Solana and verifiable on-chain. See [Deposit & withdraw](/trading/deposit-withdraw).

<Note>
  ezpz.fi does not offer a public API for third-party integrations. Trading is through the web app only.
</Note>

## Why Solana

| Benefit               | Description                                         |
| --------------------- | --------------------------------------------------- |
| **Speed**             | Sub-second confirmation for trades                  |
| **Low fees**          | Efficient settlement vs. legacy chains              |
| **Transparency**      | Markets, mints, swaps, and redemptions are on-chain |
| **Stable collateral** | USDC — not volatile platform tokens                 |

## Getting started

<CardGroup cols={2}>
  <Card title="Quickstart" icon="rocket" href="/quickstart">
    Connect your wallet and place your first prediction.
  </Card>

  <Card title="Core concepts" icon="book-open" href="/concepts/markets-events">
    Markets, tokens, prices, and resolution in depth.
  </Card>

  <Card title="For players" icon="user" href="/guides/players">
    Full player guide.
  </Card>

  <Card title="Explore ezpz.fi" icon="arrow-up-right-from-square" href="https://ezpz.fi">
    Browse live markets.
  </Card>
</CardGroup>