How do institutional LPs and retail LPs participate?

Stage 1 (LPs Seeding): LPs seed the market by committing capital along with their probability estimates. Retail LPs are the primary participants, providing foundational liquidity and human belief to establish an information-grounded opening price. These LPs are incentivized by a 0.5% base sharing fee. Stage 2 (DLMM Trading): Once the market is initialized, it opens for general trading. Institutional LPs typically participate more heavily, providing deep liquidity using the Dynamic Liquidity Market Maker (DLMM) mechanism, earning a 0.2% performance volume bonus.