# Introduction 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. --- # Agent Instructions: Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter: ``` GET https://docs.syrax.io/syrax-market/whitepaper/how-syrax-works/introduction.md?ask= ``` The question should be specific, self-contained, and written in natural language. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.