Buying Protection

Learn how to buy YES tokens to protect against credit events.

Overview

Buying protection means purchasing YES tokens. If the credit event occurs, you can claim a share of the market's collateral. If it doesn't, you lose your premium (the ETH spent on YES tokens).

Step 1: Find a Market

• Go to the Markets tab
• Browse active markets (status: "InProgress")
• Click on a market to view details

Step 2: Evaluate the Market

Before buying, consider:

• Event clarity: Is the credit event well-defined?
• Issuer reputation: Do you trust the issuer to resolve honestly?
• Maturity date: Is there enough time for the event to occur?
• Protection coverage: How much collateral backs each YES token?

Step 3: Buy YES Tokens

• Click "Buy Protection" button
• Each YES token costs exactly 0.1 ETH
• Confirm the transaction in your wallet
• Your YES tokens will appear in your Portfolio

Step 4: Monitor Your Position

Track your positions in the Portfolio tab:

• View all your YES token holdings
• Monitor market status changes
• Wait for resolution after maturity

Step 5: Claim Winnings

If the market resolves in your favor (YES wins):

• Go to the resolved market in your Portfolio
• Click "Claim" to receive your ETH
• Your YES tokens will be burned
• ETH will be transferred to your wallet