Clearmatics has announced the launch of a new class of derivatives in the decentralized finance (DeFi) space called 'forecast markets,' which will operate on the Autonity primary blockchain.
What are Forecast Markets?
Forecast markets from Clearmatics are derivatives that operate based on data that changes over time. They represent contracts with a specific expiration date, allowing traders to bet on various indicators such as crypto indexes, inflation data, or even temperatures.
Launch on Autonity and AFP
Forecast markets will be launched on the Autonity blockchain and under the Autonomous Futures Protocol (AFP). Representatives of Autonity noted in a recent X post: 'Autonity is building a layer 1 for autonomous futures markets. Forecast Markets will take the DeFi and TradFi space by storm.'
Competition in the Derivatives Market
While the decentralized derivatives market is already represented by platforms such as Polymarket, the new forecast markets from Clearmatics promise to enhance the formalization and positioning in this sector. In recent months, the crypto derivatives market has been actively developing amid the success of Polymarket and the trend around Hyperliquid perpetuals.
With the launch of forecast markets, Clearmatics aims to offer traders new opportunities for trading based on publicly available data, which could significantly change the derivatives market in DeFi.
