> ## Documentation Index
> Fetch the complete documentation index at: https://docs.swiv.xyz/llms.txt
> Use this file to discover all available pages before exploring further.

# Trading

> How Swiv prediction pools work, their lifecycle, and how to participate.

Swiv operates through **time-based prediction pools**. Each pool is built around a defined question, a fixed timeframe, and a verifiable outcome source.

## How a Pool Works

<Steps>
  <Step title="Pool is created">
    A pool is created with a defined question, timeframe, and outcome source.
  </Step>

  <Step title="Enter the pool">
    Submit a numerical prediction and stake to enter.
  </Step>

  <Step title="Update anytime before deadline">
    You may update your prediction at any time before the pool closes.
  </Step>

  <Step title="Pool closes">
    Once the deadline is reached, no further entries or updates are allowed.
  </Step>

  <Step title="Outcome is submitted">
    The final outcome is sourced from a trusted oracle and submitted on-chain.
  </Step>

  <Step title="Rewards distributed">
    Rewards are calculated based on prediction accuracy and behavior, then distributed to participants.
  </Step>
</Steps>

## Pool States

Each pool moves through the following states:

<CardGroup cols={2}>
  <Card title="Upcoming" icon="clock">
    Pool is open for entry but has not started yet. Users can submit predictions.
  </Card>

  <Card title="Active" icon="play">
    Pool is live and accepting predictions and updates.
  </Card>

  <Card title="Closed" icon="lock">
    Deadline reached. No further interaction is allowed.
  </Card>

  <Card title="Resolved" icon="check">
    Final outcome has been submitted and reward calculations are complete.
  </Card>

  <Card title="Settled" icon="coins">
    Rewards have been distributed and are claimable by participants.
  </Card>
</CardGroup>

<Note>
  Once a pool moves to **Closed**, predictions are locked. Make sure to submit or update your prediction before the deadline.
</Note>