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

# What is Bextree?

Bextree is a marketplace where you can buy or sell ownership of locked and vesting Solana assets before they unlock — Streamflow vesting positions and LP positions from Orca, Raydium, and Meteora.

Two kinds of people use it:

* **Sellers** who have tokens locked or vesting for months and want liquidity today instead of waiting.
* **Buyers** who want to acquire a position for less than its unlocked value and are comfortable holding until it unlocks.

You don't need to be a developer or a trading expert. You need a Solana wallet and an opinion on whether a given discount is worth the wait.

## What Bextree is not

* **Not an exchange for liquid tokens.** If a token is freely tradable, you don't need Bextree for it.
* **Not a custodian of your identity.** There are no accounts, emails, or passwords — your wallet is your identity.
* **Not a middleman holding your money.** Buyer payments go into on-chain escrow governed by a settlement program, never into a company-controlled wallet.

## The core idea: rights, not assets

Bextree never auctions the underlying protocol account itself — it auctions the **ownership rights** to it. The seller's tokens stay exactly where they are (still vesting, still earning fees) until a sale actually settles. This is what makes it possible to trade positions that are, by design, locked.