> For the complete documentation index, see [llms.txt](https://docs.vigilan.market/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.vigilan.market/pool-and-earn/vigilan-earn-and-liquidity-provision.md). # Vigilan Earn and Liquidity Provision #### Taking the other side of a hedge A participant can buy an outcome because they believe its price is attractive, or place limit orders to provide liquidity. That participant accepts the possibility that the purchased outcome will lose. For example, buying 1,000 No shares at 0.90 USDT costs 900 USDT. If No wins, the profit is 100 USDT before other costs. If Yes wins, the purchased No shares lose the full 900 USDT. A likely outcome is not a risk-free return. A small potential gain can be accompanied by a much larger loss if the opposite outcome occurs. #### Market-making returns Quoting both sides can generate trading income when execution prices and inventory outcomes are favorable. Returns depend on actual fills, price movements, adverse selection, and final payouts. A model's estimate of fair value can be wrong. Time passing without an event does not guarantee that a No position appreciates or that a liquidity strategy earns a positive return. #### Vigilan Earn: Coming Soon Vigilan Earn is presented as a planned automated strategy that allocates capital to event-market positions. The [public Earn page](https://app.vigilan.market/earn) currently labels the product **Coming Soon** and its displayed interface and returns as illustrative. Preview APR, drawdown, portfolio balances, allocation percentages, and return charts are not evidence of a live track record or an available deposit offer. At launch, refer to the product's published deposit, withdrawal, allocation, valuation, and fee terms. Do not apply terms from older Versus Liquidity Provider materials to Vigilan Earn unless the product explicitly adopts them. #### How these products differ | Activity | Primary role | | ------------------------------ | -------------------------------------------------------------------- | | Direct Market trading | Choose and manage individual event positions | | Order-book liquidity provision | Supply executable bids or asks while managing inventory risk | | Protected Pools | Combine supported LP activity with a pool-integrated hedge mechanism | | Vigilan Earn | Planned automated allocation strategy; currently a preview | Any automated strategy can lose money. Diversification and position limits can reduce certain exposures but cannot guarantee principal or an executable exit during a market shock. --- # Agent Instructions This documentation is published with GitBook. GitBook is the documentation platform designed so that both humans and AI agents can read, navigate, and reason over technical content effectively. Learn more at gitbook.com. ## Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter, and the optional `goal` query parameter: ``` GET https://docs.vigilan.market/pool-and-earn/vigilan-earn-and-liquidity-provision.md?ask=&goal= ``` `ask` is the immediate question: it should be specific, self-contained, and written in natural language. `goal` is optional and describes the broader end goal you are ultimately trying to accomplish on behalf of the user. GitBook uses it to tailor the answer towards what is most useful for that goal. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.