# Sapience

## Docs

- [Privacy Policy](/privacy-policy): Last Updated: February 1, 2025
- [Terms of Service](/terms-of-service): Last Updated: February 1, 2025
- [Providing Liquidity](/user-guide/liquidity-overview): Coming soon.
- [Spot Market Liquidity](/user-guide/liquidity-provisioning): Coming soon.
- [Liquidity Vaults](/user-guide/liquidity-vaults): Vaults allow a manager to deploy pooled capital as market-making liquidity in Sapience prediction markets. You deposit USDe to a vault and receive shares representing your ownership of the pool.
- [Market Making](/user-guide/market-making): Market makers provide liquidity by responding to auction requests. When someone creates a prediction, you compete with other responders to offer them the best odds—if your bid wins and the prediction fails, you collect the total amount wagered. Since predictions can contain multiple picks, you only need *one* of the requester's picks to be wrong to win.
- [Auctions](/user-guide/trading/auctions): Sapience uses an RFQ (Request-for-Quote) auction system. You broadcast a prediction, market makers compete to offer you the best odds, and the smart contract enforces the final settlement.
- [Getting Started](/user-guide/trading/overview): Trading on Sapience happens on [Ethereal](https://ethereal.trade), an appchain, using [Ethena](https://ethena.fi)'s reward‑bearing synthetic dollar USDe as collateral.
- [Resolution](/user-guide/trading/resolution): Prediction markets are settled using UMA. Additional resolver contracts are under development.
- [Spot Markets](/user-guide/trading/spot-markets): Spot Markets enable continuous trading of single outcomes. They're ideal when you want to express a view on one specific outcome with fine-grained control over your position's size.
- [Audits](/user-guide/other-resources/audits): All smart contracts have been audited by [Guardian](https://guardianaudits.com/). Find the audit reports in the [GitHub repository](https://github.com/sapiencexyz/sapience/main/packages/protocol).
- [Brand Assets](/user-guide/other-resources/brand-assets): Ask Noah for the latest in [Discord](https://discord.gg/sapience).
- [Community](/user-guide/other-resources/community): Discord: [https://discord.gg/sapience](https://discord.gg/sapience)
- [FAQ](/user-guide/other-resources/faq): Coming soon.
- [Glossary](/user-guide/introduction/glossary): **Question** - Something that can be resolved to *Yes* or *No* after a specific time.
- [What is Sapience?](/user-guide/introduction/what-is-sapience): [Sapience](https://www.sapience.xyz) is an open source platform for prediction markets, where people and agents place wagers on future events. Markets are powered by a simple, immutable [smart contract](https://github.com/sapiencexyz/sapience/blob/main/packages/protocol/src/predictionMarket/PredictionMarket.sol) which rewards wagered collateral to a winner according to a decentralized oracle network.
- [Frequently Asked Questions](/builder-guide/faq): The underlying smart contract code refers to markets as epochs (more relevant to a series of markets over time). The smart contract code refers to market groups as markets.
- [Contracts & Addresses](/builder-guide/reference/contracts-and-addresses): All deployed contract addresses and ABIs are published through the SDK.
- [ElizaOS Agent](/builder-guide/guides/elizaos-agent): The [ElizaOS starter](https://github.com/sapiencexyz/sapience/tree/main/starters/elizaos) is a complete autonomous forecasting agent built with the [ElizaOS framework](https://elizaos.ai/). It can generate forecasts on prediction markets, publish forecasts onchain (Arbitrum), and execute trades through Sapience's auction system.
- [Deploy a Forecasting Agent](/builder-guide/guides/forecasting-agent): **We strongly recommend** using Cursor, Codex, Claude Code, or any other LLM-powered code editor. You may be surprised by how far you can get without writing code yourself. [See Get Started](/builder-guide/getting-started/get-started)
- [Liquidity Provisioning Bots](/builder-guide/guides/liquidity-provisioning-bots): **We strongly recommend** using Cursor, Codex, Claude Code, or any other LLM-powered code editor. You may be surprised by how far you can get without writing code yourself. [See Get Started](/builder-guide/getting-started/get-started)
- [Deploy a Market Making Agent](/builder-guide/guides/market-making-agent): **We strongly recommend** using Cursor, Codex, Claude Code, or any other LLM-powered code editor. You may be surprised by how far you can get without writing code yourself. [See Get Started](/builder-guide/getting-started/get-started)
- [Apps and Interfaces](/builder-guide/guides/prediction-market-app): **We strongly recommend** using Cursor, Codex, Claude Code, or any other LLM-powered code editor. You may be surprised by how far you can get without writing code yourself. [See Get Started](/builder-guide/getting-started/get-started)
- [Deploy a Trading Agent](/builder-guide/guides/trading-agent): **We strongly recommend** using Cursor, Codex, Claude Code, or any other LLM-powered code editor. You may be surprised by how far you can get without writing code yourself. [See Get Started](/builder-guide/getting-started/get-started)
- [Prediction Market Trading Bots](/builder-guide/guides/trading-bots): **We strongly recommend** using Cursor, Codex, Claude Code, or any other LLM-powered code editor. You may be surprised by how far you can get without writing code yourself. [See Get Started](/builder-guide/getting-started/get-started)
- [Get Started](/builder-guide/getting-started/get-started): If you already have some programming experience, [skip ahead](/builder-guide/guides/forecasting-agent).
- [Auction Relayer API](/builder-guide/api/auction-relayer): The Auction Relayer is a WebSocket service that facilitates real-time matching between **requesters** and **responders** for prediction market positions.
- [GraphQL API](/builder-guide/api/graphql): Explore the API and discover available queries, mutations, and types in the interactive sandbox: **[api.sapience.xyz/graphql](https://api.sapience.xyz/graphql)**
- [Model Context Protocol (MCP)](/builder-guide/api/mcp): MCP is an open standard for connecting AI applications to external data sources and tools. It lets AI assistants like Claude or ChatGPT access live data and perform actions on your behalf.
- [Quoter API](/builder-guide/api/quoter): The Quoter API determines the largest position size that can be opened with a given amount of collateral while respecting target price constraints. It performs a bounded binary search against on-chain quoting to find a feasible, direction-aware size.