# The Situation · Documentation

The Situation prices continuous distribution markets on Starknet. These guides explain how to trade and underwrite those markets with the same interaction density and information hierarchy as the product itself. Every guide keeps the logic deterministic and local — interactive charts, budget surfaces, and payoff geometry — without wallet state, chain calls, or dead documentation routes.

## Guides

### Trading distribution markets

How to express a posterior, size a distribution trade, and read the resulting payoff.

- Read: https://the-situation-web.vercel.app/docs/trading
- Markdown: https://the-situation-web.vercel.app/docs/trading.md
- Audience: Directional traders, macro PMs, and discretionary distribution traders
- Read time: 12 min read (Intermediate)
- Sections: Trade mechanics, Payoff geometry, Budget and sizing, Execution discipline

### Underwriting distributions

How to trade, quote, and warehouse risk in a distribution market.

- Read: https://the-situation-web.vercel.app/docs/lp-strategy
- Markdown: https://the-situation-web.vercel.app/docs/lp-strategy.md
- Audience: Derivatives / structured products professionals
- Read time: 14 min read (Advanced)
- Sections: Mechanics, Trade then underwrite, Quote management, Risk decomposition

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Canonical URL: https://the-situation-web.vercel.app/docs