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

# Why use Illiquid?

Illiquid is similar to the popular NFT marketplace OpenSea, but for ERC20 tokens. With Illiquid Market, you can list any asset and find a counterparty, and get paid in any asset of your choice.

Many protocols generate novel ERC-20 tokens, such as LP tokens, vesting tokens, and liquid staking tokens, and creating pool-based DEX liquidity for all of these can be impractical and capital inefficient. Markets where DEX liquidity does not exist are currently served by off-chain OTC books, which are subject to counterparty risk and high fees. Illiquid Market offers a more efficient and secure alternative for trading these assets.

### Benefits of Illiquid Market include:

* Ability to trade any token, no matter how obscure
* Trustless and decentralized trading experience
* No need for liquidity providers or central counterparties
* No counterparty risk or high fees

### Use cases for Illiquid Market include:

* Trading assets with low liquidity or low DEX adoption
* Trading assets that are not listed on DEXs or OTC books
* Trading assets in a secure and efficient manner without relying on central parties
* Integrating Illiquid Market into your own projects or protocols to provide a decentralized trading solution