> For the complete documentation index, see [llms.txt](https://docs.strixlab.io/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.strixlab.io/resources/faq.md).
# FAQ
What is Strix Lab?
A prediction market where you trade shares in the outcomes of real-world events. Each share costs between 1¢ and 99¢ and pays $1 if that outcome happens. See [What is Strix Lab?](/getting-started/what-is-strix.md)
Do I need crypto experience to use it?
No. Sign in with email or a social login and an embedded wallet is created for you automatically — no browser extension or seed phrase required. You'll need USDC to trade. See [Connect Your Wallet](/getting-started/connect-wallet.md).
What currency do I trade in?
USDC, a US-dollar stablecoin (1 USDC ≈ $1). You deposit USDC, and all balances and payouts are in USDC.
How are prices set?
Entirely by supply and demand on a live order book — there's no house setting odds. A price is effectively the market's estimate of the probability of that outcome. See [How Markets Work](/trading/how-markets-work.md).
What fees do I pay?
Makers (resting limit orders) pay **nothing**. Takers pay a small, category-based fee that shrinks toward the price extremes. Geopolitics markets are free. Full detail in [Fees](/trading/fees.md).
Do I have to wait until the event ends to get my money?
No. You can sell your shares any time the market is open to lock in a profit or cut a loss. Holding until resolution is optional. See [Market Resolution](/trading/market-resolution.md).
Can I cancel an order?
Yes, while it's fully open. Once an order has started filling, its remaining portion locks briefly while settlement completes and can't be cancelled. See [Order Types](/trading/order-types.md).
How do markets get resolved?
Based on the real-world result from the authoritative source named in the market's description. Winning shares pay $1; losing shares pay $0. Always read a market's resolution criteria before trading.
Is my money safe / who holds my funds?
Your funds sit in your own self-custodial embedded wallet and settle on-chain. Strix Lab never takes custody and can't move your funds without your authorization.
Can I trade programmatically?
Yes — there's a full REST + WebSocket API with HMAC auth for bots and market makers. Start at [API Overview](/developers/api-overview.md).
How do rewards work?
You can earn [Strix Points](/rewards/strix-points.md) for trading, [liquidity rewards](/rewards/liquidity-rewards.md) for market making, and referral bonuses via [Refer & Earn](/rewards/referrals.md). Programs roll out in phases and details are announced in-app.
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