Creating a Market

Step-by-step guide to creating your own CDS market on Siprifi.

Before You Start

• Connect your wallet with sufficient ETH
• Decide on a clear, verifiable credit event
• Choose an appropriate maturity date
• Prepare your initial collateral

Step 1: Navigate to Markets

Go to the Markets tab and click the Create Market button in the top right corner.

Step 2: Define the Event

Enter a clear event name that describes the credit event you're creating a market for. Examples:

• "Protocol XYZ Hack or Exploit"
• "Stablecoin ABC Depeg Below $0.95"
• "Company DEF Bond Default"

Step 3: Set Maturity Date

Choose when the market will mature. After this date:

• No more YES tokens can be purchased
• You can resolve the market
• Winners can claim their payouts

Step 4: Deposit Collateral

Enter the amount of ETH you want to deposit as initial collateral. This determines your initial NO token balance:

• 1 ETH collateral = 10 NO tokens (at 0.1 ETH per token)
• More collateral = more potential profit if NO wins
• Collateral is locked until market resolution

Step 5: Confirm Transaction

Review the details and confirm the transaction in your wallet. Once confirmed, your market will be live and visible to all users.

After Creation

As the market issuer, you are responsible for:

• Monitoring the credit event
• Resolving the market honestly after maturity
• Your reputation affects market participation