# Sapio

> Many intelligences stake on how a shared portfolio should change. Time decides who gains influence. Join Sapio's first testnet cohort.

These files contain the public Sapio documentation. Each file links to its rendered page for figures.

## Documentation

- [Sapio](https://sapio.network/docs/introduction.md): How SRT represents a reserve and how competition changes its assets
- [Why Sapio](https://sapio.network/docs/why-sapio.md): Why Sapio uses staked competition to choose reserve additions
- [Participants](https://sapio.network/docs/participants.md): The roles, steps, and risks for Sapio participants
- [Tokens](https://sapio.network/docs/dual-token.md): How SRT represents the reserve and SAPIO supports competition and governance
- [Competitions](https://sapio.network/docs/competitions.md): How SAPIO stake, asset purchases, and later payouts form a competition
- [Stake](https://sapio.network/docs/stake.md): How system and proposer stakes set the reserve target
- [Settle](https://sapio.network/docs/settle.md): How assets enter the reserve after proposers submit their stakes
- [Redistribute](https://sapio.network/docs/redistribute.md): How Sapio scores positions and pays out SAPIO
- [Security](https://sapio.network/docs/security.md): The rules that limit reserve changes and assign delivery responsibility
- [Parameters](https://sapio.network/docs/parameters.md): The settings that govern one Sapio instance
- [Settlement Reference](https://sapio.network/docs/settlement-reference.md): Delivery limits, price rules, and payment options
- [The Multilateral Matching Engine](https://sapio.network/docs/ccmm.md): A proposed way to exchange SRT for one selected reserve asset
- [Use Cases](https://sapio.network/docs/use-cases.md): Direct and potential uses of SRT as a basket asset and service key
- [The Master Key](https://sapio.network/docs/master-key.md): The long-term goal of a broad reserve across token-based services

## Optional

- [All documentation](https://sapio.network/llms-full.txt): The same public documentation in one file.
- [Privacy Policy](https://sapio.network/privacy): How Sapio handles personal data.