> For the complete documentation index, see [llms.txt](https://matchtrades-organization.gitbook.io/matchtrade/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://matchtrades-organization.gitbook.io/matchtrade/competitions-and-economics/trading-competitions.md).

# Trading competitions

MatchTrade allows for the creation of peer-to-peer trading competitions between two players.

Here's how the flow goes:

* A user creates a competition by depositing some ETH into the contract. They also select a time limit for the competition to last, as well as select what metric they want to measure. 
* Another user accepts this transaction by equally depositing the same amount of ETH deposited by the creator. They are now matched and the competition begins instantly.
* They both can now trade against each other to try and win based on the measured metric before the time runs out.
* Whoever has the larger amount of the measured metric wins and can withdraw 95% of the deposited funds for that competition.

There are some nuances which include

* A user's competition may not be accepted by anyone for a variety of reasons. In this case, the user can either wait for the competition's time limit to be completed, or they can cancel the competition and withdraw their deposited funds.
* A user can cancel a competition before the time runs out if they're losing. However, they will be fined 5% of their deposit which goes to the other player that didn't cancel.
* If the matchup ends in a draw, both players can withdraw their funds with no fees charged.
* Competition entries are only valid if the trades are made on MatchTrade's DEX platform.