> For the complete documentation index, see [llms.txt](https://docs.mimicry.org/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.mimicry.org/whitepaper.md).

# Whitepaper

- [Protocol Overview](https://docs.mimicry.org/whitepaper/readme.md): Mimicry is a decentralized prediction game that helps anyone discover the odds of any market.
- [Core Mechanics](https://docs.mimicry.org/whitepaper/core-mechanics.md): The Mimicry Protocol consists of a series of open-source smart contracts and a GUI web application.
- [True Odds](https://docs.mimicry.org/whitepaper/core-mechanics/true-odds.md): True Odds describe how likely "the street" thinks it is for a market's reference price to move up or down in the future.
- [Value Transfer Events](https://docs.mimicry.org/whitepaper/core-mechanics/value-transfer-events.md): Value Transfer Events are the smart contract functions that move ownership rights of deposited collateral between players.
- [Advanced Features](https://docs.mimicry.org/whitepaper/advanced-features.md): The Mimicry Protocol supports a number of advanced features to help Traders that wish to seek more alpha.
- [Leverage](https://docs.mimicry.org/whitepaper/advanced-features/leverage.md): Leverage in Mimicry is unique, in that, players can never go into debt and there is never any need for the system to manage liquidations.
- [Automations](https://docs.mimicry.org/whitepaper/advanced-features/automations.md)
- [Automated Stop-Loss](https://docs.mimicry.org/whitepaper/advanced-features/automations/automated-stop-loss.md)
- [Automated Take-Profit](https://docs.mimicry.org/whitepaper/advanced-features/automations/automated-take-profit.md)
- [Automated Swap-Sides](https://docs.mimicry.org/whitepaper/advanced-features/automations/automated-swap-sides.md)
- [Players & Participants](https://docs.mimicry.org/whitepaper/players-and-participants.md): Mimicry functions as a decentralized autonomous organization with five core network participants.
- [Directors (Market Sponsors)](https://docs.mimicry.org/whitepaper/players-and-participants/directors-market-sponsors.md): Directors create, maintain, and promote Pantomime markets.
- [Actors (Traders)](https://docs.mimicry.org/whitepaper/players-and-participants/actors-traders.md): Actors open directional long & short positions within markets.
- [Producers (Liquidity Providers)](https://docs.mimicry.org/whitepaper/players-and-participants/producers-liquidity-providers.md): Producers provide low-risk liquidity to Pantomime markets in exchange for protocol fees and token rewards.
- [Balancers (Keepers)](https://docs.mimicry.org/whitepaper/players-and-participants/balancers-keepers.md): Balancers call public smart contract functions to rebalance two-sided Producer positions and help automate advanced trading features for Actors.
- [Crew (Team)](https://docs.mimicry.org/whitepaper/players-and-participants/crew-team.md): The Mimicry Crew consists of all people and organizations who contribute time, knowledge, and/or capital towards our mission.
- [Fees](https://docs.mimicry.org/whitepaper/fees.md): Mimicry charges traders an exit fee, and 100% of these fees are redistributed to liquidity providers and market sponsors.
- [Tokenomics](https://docs.mimicry.org/whitepaper/tokenomics.md): $MIMIC is an ERC-20 utility token that is required in order for the Mimicry Protocol to function in the most healthy way possible.
- [In-App Use Cases](https://docs.mimicry.org/whitepaper/tokenomics/in-app-use-cases.md)
- [Rewards](https://docs.mimicry.org/whitepaper/tokenomics/rewards.md)
- [Governance](https://docs.mimicry.org/whitepaper/tokenomics/governance.md)
- [Distribution](https://docs.mimicry.org/whitepaper/tokenomics/distribution.md)
- [Vesting](https://docs.mimicry.org/whitepaper/tokenomics/vesting.md)
- [Contract Architecture](https://docs.mimicry.org/whitepaper/protocol-architecture.md): Eventually our contracts will be open-sourced and upgradability will be removed. For now we're publishing notes here.
- [Risks & Mitigations](https://docs.mimicry.org/whitepaper/risks-and-mitigations.md): Mimicry is a complex codebase and certain risks exist within the system.
- [Price Manipulation Risk](https://docs.mimicry.org/whitepaper/risks-and-mitigations/price-manipulation-risk.md)
- [Data Feed Downtime Risk](https://docs.mimicry.org/whitepaper/risks-and-mitigations/data-feed-downtime-risk.md)
- [Centralization Risk](https://docs.mimicry.org/whitepaper/risks-and-mitigations/centralization-risk.md)
- [Smart Contract Risks](https://docs.mimicry.org/whitepaper/risks-and-mitigations/smart-contract-risks.md)
- [Macroeconomic Risk](https://docs.mimicry.org/whitepaper/risks-and-mitigations/macroeconomic-risk.md)
- [Skew-Change Risk](https://docs.mimicry.org/whitepaper/risks-and-mitigations/skew-change-risk.md)
- [Leverage Risk](https://docs.mimicry.org/whitepaper/risks-and-mitigations/leverage-risk.md)
- [Liquidation Risk](https://docs.mimicry.org/whitepaper/risks-and-mitigations/liquidation-risk.md)
- [Arbitrage Risk](https://docs.mimicry.org/whitepaper/risks-and-mitigations/arbitrage-risk.md)
- [Market Abandonment Risk](https://docs.mimicry.org/whitepaper/risks-and-mitigations/market-abandonment-risk.md)
- [Balancer Shortage Risk](https://docs.mimicry.org/whitepaper/risks-and-mitigations/balancer-shortage-risk.md)
- [Notable Vocabulary](https://docs.mimicry.org/whitepaper/notable-vocabulary.md): We sometimes use novel vocabulary to describe certain aspects of our system.
- [Partner Integrations](https://docs.mimicry.org/whitepaper/partner-integrations.md)
- [Roadmap](https://docs.mimicry.org/whitepaper/roadmap.md)