> For the complete documentation index, see [llms.txt](https://praxis-4.gitbook.io/praxis/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://praxis-4.gitbook.io/praxis/readme.md).

# Praxis

Deposit USDC once. Receive yield tokens. Use them to predict outcomes across sports, financial markets, and games — indefinitely, without ever risking your deposit.

&#x20;<a href="https://praxis.cc" class="button secondary" data-icon="house">Website</a>

## Why Praxis

<table data-view="cards"><thead><tr><th></th><th></th><th></th></tr></thead><tbody><tr><td><h4><i class="fa-shield-halved">:shield-halved:</i></h4></td><td><strong>Principal Protected</strong></td><td>Your deposit is never wagered. Only the yield it generates is used for predictions and games. Losses cannot touch your principal.</td></tr><tr><td><h4><i class="fa-seedling">:seedling:</i></h4></td><td><strong>Yield-Powered Bankroll</strong></td><td>You receive Yield Tokens (YT) upfront — a transferable ERC-20 that becomes your prediction budget. One deposit funds indefinite participation.</td></tr><tr><td><h4><i class="fa-layer-group">:layer-group:</i></h4></td><td><strong>Market Diversity</strong></td><td>Sports, esports, financial events, and skill-based games — all accessible from a single vault deposit on Base.</td></tr></tbody></table>

## How It Works

{% stepper %}
{% step %}

### Deposit USDC

Put USDC into a Praxis vault. Your funds are allocated to a yield-generating source (currently [Morpho](https://morpho.org/) on Base) and begin earning immediately.
{% endstep %}

{% step %}

### Receive PT + YT

You receive two tokens:

* **Principal Token (PT)** — a redeemable claim on your full deposit, always intact
* **Yield Token (YT)** — tokenized yield, minted upfront and ready to spend across any market or game
  {% endstep %}

{% step %}

### Predict, Play, Win

Use YT across prediction markets and games. Wins increase your yield; losses reduce it. Your PT is never at risk — exit at any time by redeeming PT for your full principal.
{% endstep %}
{% endstepper %}

<img src="/files/F3IxO3jp5OVKDEvHq5Df" alt="PT/YT capital flow" width="375">

## Markets and Games

<table data-view="cards"><thead><tr><th></th><th></th><th></th></tr></thead><tbody><tr><td><h4><i class="fa-bullseye">:bullseye:</i></h4></td><td><strong>Predictions</strong></td><td>Predict the outcome of sports matches, financial events, token prices, and more. Pool-based AMM markets settled via Chainlink and custom oracles.</td></tr><tr><td><h4><i class="fa-sliders">:sliders:</i></h4></td><td><strong>Yield Prediction</strong></td><td>Build complex yield strategies and define your own risk/profit profile. Stake your YT on yield performance outcomes across vaults and protocols.</td></tr><tr><td><h4><i class="fa-gamepad">:gamepad:</i></h4></td><td><strong>Games</strong></td><td>Play chance-based and skill-based games to grow your yield. No-loss lottery mechanics and bot contests — your deposit is always protected.</td></tr></tbody></table>

## Explore the Docs

<table data-card-size="large" data-view="cards"><thead><tr><th></th><th></th><th></th><th data-hidden data-card-target data-type="content-ref"></th></tr></thead><tbody><tr><td><h4><i class="fa-book-open">:book-open:</i></h4></td><td><strong>General Documentation</strong></td><td>Core concepts — vaults, PT and YT tokens, markets, games, and how to get started as a user.</td><td><a href="/spaces/1k7Ug6B8E4iIVGbTfaxS">/spaces/1k7Ug6B8E4iIVGbTfaxS</a></td></tr><tr><td><h4><i class="fa-brackets-curly">:brackets-curly:</i></h4></td><td><strong>Advanced Reference</strong></td><td>Smart contract architecture, oracle setup, agent integration API, and technical specifications.</td><td><a href="/spaces/lVdeBONBHamubDK4Q8Lx">/spaces/lVdeBONBHamubDK4Q8Lx</a></td></tr></tbody></table>

## Community

<table data-card-size="large" data-view="cards"><thead><tr><th></th><th></th><th></th><th data-hidden data-card-target data-type="content-ref"></th></tr></thead><tbody><tr><td><h4><i class="fa-x-twitter">:x-twitter:</i></h4></td><td><strong>Twitter / X</strong></td><td>Follow @Praxis_Base for protocol updates, market launches, and announcements.</td><td><a href="https://x.com/Praxis_Base">https://x.com/Praxis_Base</a></td></tr><tr><td><h4><i class="fa-github">:github:</i></h4></td><td><strong>GitHub</strong></td><td>Explore open repositories, review the contracts, and contribute to the protocol.</td><td><a href="https://github.com/PraxisFinance">https://github.com/PraxisFinance</a></td></tr></tbody></table>