Poolorix The People's Prediction Market.
Markets are created for real-world events with YES/NO outcomes. Each market starts with initial liquidity provided by market makers.
Markets resolve automatically based on trusted oracles. Winning shares are redeemable 1 share to $1
The person who creates a prediction market for trading, they are responsible for providing the initial liquidity
In a prediction market, an initial liquidity is provided, which is used to take positions and allowing other participants to take the opposing side. This initial liquidity determines the price votality of the market being created a higher initial liquidity means smother price curves.
Reflects the crowd's probability estimate. A 70¢ YES price means 70% chance of the event occurring.
0.5% of the collateral is charged on each trade to help maintain the protocol and reward the market markers.
This refers to a trusted oracle/news/info outlet that will be used to judge the outcome of the event.
This refers to a direct url from the source of truth citing the proposed outcome.
A trader can dispute a proposed outcome, if they know the proposed outcome is wrong.
Scenario: "Will Bitcoin reach $100K by end of 2024?" is trading at 73¢ YES / 27¢ NO
Your bet: You buy 100 USDC worth of YES shares at 73¢ each = ~137 shares
If correct: You receive 137 USDC (37 USDC profit)
If wrong: You lose your 100 USDC stake