Introduction
Syrax is a decentralised exchange where you can buy and sell contracts on the outcome of events.
Syrax is as a decentralized exchange facilitating the trading of contracts tied to event outcomes. The pricing of these contracts mirrors the collective belief of traders regarding the likelihood of specific events occurring. The valuation of each contract is determined by the parameters set by those who initiate these markets. Using Syrax enables you to:
Engage with Your Convictions: Seek out and participate in markets that resonate with your viewpoints and interests. For instance, if you anticipate an economic downturn, you can engage in trading within markets focused on recessions and the S&P index.
Mitigate Financial Exposure: Use the platform to safeguard against potential events that could impact your financial stability. For example, if your investment portfolio includes equities, consider trading in markets related to Federal Reserve policies and inflation as a strategy to secure your investments.
Last updated