> 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 --- # Agent Instructions This documentation is published with GitBook. GitBook is the documentation platform designed so that both humans and AI agents can read, navigate, and reason over technical content effectively. Learn more at gitbook.com. ## Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter, and the optional `goal` query parameter: ``` GET https://docs.illiquid.market/why-use-illiquid.md?ask=&goal= ``` `ask` is the immediate question: it should be specific, self-contained, and written in natural language. `goal` is optional and describes the broader end goal you are ultimately trying to accomplish on behalf of the user. GitBook uses it to tailor the answer towards what is most useful for that goal. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.