Polkamarkets — an offline prediction market protocol, built for cross-network information exchange and trading, where users take positions, based on the results of real events, - on a decentralized and interoperable platform, based on Polkadot.
About the Polkamarkets project
The Polkamarkets protocol — a fully decentralized smart contract on the Moonbeam Network/Moonriver/Ethereum and other EVMs. There is no single point of control, management or administrator functions - these contracts can be used directly through other interfaces such as Etherscan, etc.
Predicting and providing liquidity Polka Markets will bring users $POLK, the platform's native utility token. By combining the power of DeFi and liquidity incentives with prediction markets, Polka Markets aims to become the premier prediction tool on the blockchain.
POLK runs as a curation mechanism and dispute resolution system in the protocol, and it also helps with:
| Creating prediction markets | POLK is required by users to open new markets on Polkamarkets. If you want to know the future and gain the wisdom of the crowd, you must use POLK. |
| Oracle Dispute | POLK is used in a communication system that uses the wisdom of the crowd to achieve a truthful resolution of events, based on a distributed consensus. |
A key use case for Moonriver is that it allows Polkamarkets to port existing Solidity code and Polkadot-facing Ethereum smart contracts. Using Moonriver technology, Polkamarkets can continue developing on Ethereum as usual, knowing that development efforts will be equally applicable to future Polkadot deployments. This saves them from having to build everything from scratch again when migrating to Polkadot. In addition, they can already release a beta test network of their technology and collect market feedback, as well as test it much earlier.
Other features of defi app
Polkamarkets Protocol V2 is already in development. It will include several updates. Claim POLK for - buying/selling results tokens, adding liquidity, creating markets and staking oracle LP tokens. Liquidity Mining - integrate Uniswap V2 with protocol to get 1% of all LP fees to be able to settle in POLK instead of native EVM currency. Deployment to other EVMs such as Binance Smart Chain and Polygon, cross-chain markets and mobile version will be available.