Augur Turbo — a second level prediction marketplace on the Polygon blockchain, featuring daily sports, cryptocurrency and other markets.
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Description of the Augur Turbo exchange
In order to increase speed and operational costs for users, Augur was built on the Polygon network. To use Augur Turbo, you need to link the portion of USDC (used for betting) to the Polygon network. The easiest way to do this - to use the zapper.fi bridge function. Trading means buying or selling stocks. A share price of 1 to 99 cents corresponds to (roughly) the market's estimate of the likelihood that this event will occur.
Some features:
| 1 | Buy stocks as a result when you think the price is too low or when you think your fellow traders are underestimating this probability. |
| 2 | The value of your shares will change over time. Later, you may decide to sell your shares to lock in some profit or prevent losses. |
| 3 | You can hold your shares until the market closes. At this point, if a market event occurs, the stock will return $ 1. |
The APY, shown on the market card, gives you an idea of what you can capitalize on your liquidity. This may change over time as more liquidity is added or removed from the pool. Find the market where you want to provide liquidity. Enter the market and click the add liquidity button under the order ticket or on the liquidity tab. This will bring up a modal window for adding liquidity.
Liquidity providers, adding to the existing pool, will receive a mix of result shares and LP tokens. This is because $ 1 is one of all outcomes, and prices need to be maintained. These positions will appear in your portfolio.
More about crypto win Augur
Third parties can provide LP rewards, using Augur smart contracts. Users must remove their liquidity to receive rewards before funds are depleted. LPs can remove their liquidity after the reward contract expires in order to reclaim the remaining available LP balance, but the estimated earned rewards will not be included.
Study the White Paper to learn more about the project and how it works. The community actively maintains such social networks:
Subscribe and stay tuned. The smart contract has not been audited.