How to get started on Myriad

Who can use it

• Trading is not permitted for persons or entities residing in or associated with: Bahamas, Botswana, British Virgin Islands, Cambodia, Cayman Islands, North Korea, France, Iran, Libya, Malta, Ontario (Canada), Somalia, Sudan, Syria, Singapore, Switzerland, Trinidad and Tobago, the United States and Zimbabwe.
• Using a VPN or similar tools to bypass these restrictions is strictly prohibited.
• Individuals must be of legal age and able to agree to the Terms of Use.
• You must not be on US, UK, EU or UN sanctions lists.

What you need

• A Myriad Account; it uses a non-custodial crypto wallet powered by ThirdWeb.
• Funds: USD1 on BNB Smart Chain, other supported crypto, a card or payment app through MoonPay, or an Abstract wallet.
• Abstract Global Wallet users need to allow pop-ups in their browser to connect.

Sign up

1. Go to the Myriad Markets website and create your Myriad Account.
2. A non-custodial wallet powered by ThirdWeb is set up for the account.
3. If you use Abstract, connect your Abstract Global Wallet and allow pop-ups in your browser.
4. Optionally export your private key from the private key page in Settings and store it safely.

Fund your account

1. Click "Deposit" and choose a funding option; your balance appears in USD.
2. Transfer USD1 directly to your Myriad Account on BNB Smart Chain.
3. Transfer other crypto or connect an external wallet (powered by MoonPay); the minimum deposit is $3.
4. Pay with cash methods such as Apple Pay, Venmo, credit or debit cards or Revolut through MoonPay; the minimum is $20.
5. Abstract users can move ETH or USDC.e from their connected Abstract wallet.

Place your first prediction

1. Go to Markets and choose a market, then read its Rules section.
2. Select the outcome you think will happen; the price reflects the current probability estimate.
3. Enter the amount you want to use and confirm the buy.
4. Track the position in your Portfolio; you can sell all or part of it while the market is open.
5. After resolution, claim $1 per winning share from the top of your Portfolio.

Withdraw

1. Click "Withdraw" and paste the address of an Ethereum-compatible wallet.
2. Funds are sent as USD1 on BNB Smart Chain; double-check the address, because funds sent to a wrong address cannot be recovered.
3. Abstract users can withdraw directly to their connected Abstract wallet and receive USDC.e.
4. You cannot send funds to your Abstract Global Wallet through the standard BNB Smart Chain withdrawal.

Fees (as published)

• AMM markets: 0% to 2% on buy transactions, depending on the market; the fee is shown before you trade.
• The Myriad.Markets app adds a fee of $0.0085 per transaction to cover blockchain gas.
• Order book markets: only takers pay; the peak rate is 1.5% at a $0.50 price and decreases linearly toward 0 at the extremes.
• Order book makers pay no fees and currently receive 100% of taker fees as rebates, paid periodically.
• Spotlight markets have 0% or 0.2% trading fees; Perpetual Sentiment Markets have 0% trading fees.

Key risks

• Losing outcome shares are worth $0 at resolution, so you can lose the full amount of a position.
• Markets are resolved by the Myriad team based on each market's Rules, typically within minutes and up to 48 hours.
• If a market is canceled or voided, you get the market value of your position at cancellation, which may be a profit or a loss.
• Funds sent to a wrong address or in an unsupported token need manual recovery or may be lost.
• The Terms list blockchain, private key, regulatory and market risks; never share your private key.