How PMX works
Pick a side. Buy tokens. If you're right, claim from the pot.
1. Buy the outcome you believe in
Every market has one token per outcome. Pick the side you believe in, and buy tokens with USDC. Your purchase adds to that outcome's pot and shifts the odds.
2. The pot grows as people buy
Every USDC spent buying tokens goes into the market pot. The displayed odds reflect the pot split across outcomes — the side with more USDC in its pot has higher odds. Before any pot exists, binary markets show neutral 50/50 odds.
3. Winners split the pot by tokens held
When the event resolves, PMX removes remaining liquidity, totals the market wallet USDC, and creates a payout pool for the winning token.
Your payout is based on your share of the winning token supply:
Example
You buy 100,000 YES tokens.
The market resolves YES. The final payout pool is $8,000.
There are 1,000,000 YES tokens held by traders.
You claim $800 USDC.
You held 10% of the winning tokens, so you receive 10% of the pot.
Why early buying matters
Earlier buyers buy lower on the curve, so the same USDC can get more tokens. If that side wins, more tokens means a larger share of the pot.
Later buyers can still win, but they usually receive fewer tokens for the same spend once demand has pushed the curve higher.
Claiming
After resolution, open the market page and click Claim. Winning tokens are verified against the payout tree, and USDC is sent to your wallet.