Learn how Syndicate works
Short guides to the product and the markets you can trade on it. Each one says what a thing is, how it works on Syndicate, and what can go wrong. None of it is financial advice.
What is Syndicate?
Syndicate is a trading app for tokens, perps and prediction markets, built around syndicates: shared pools that operators trade and others back.
How syndicates work
Operators trade a syndicate's shared pool and backers deposit into it. How roles, joining, deposits, withdrawals and the public record work.
How prediction market odds work
A prediction market price is the market's implied probability. How prices, payouts, decimal odds and combos work, with a worked example.
Perpetual futures, explained
Perpetual futures track a price with leverage and no expiry date. How perps work on Syndicate through Hyperliquid: funding, leverage, liquidation.
Custody and fees
Who holds the keys to your money on Syndicate, how withdrawals and syndicate wallets work, and the fees the app charges today.
The risks of trading on Syndicate
A plain list of the ways you can lose money on Syndicate: price moves, leverage, new tokens, prediction outcomes, operators, venues and keys.