Polymarket and Chainlink have announced the launch of new crypto markets featuring instant settlements and a 15-minute timeframe. This partnership marks a significant advancement in the reliability of prediction markets within DeFi.
Partnership Between Polymarket and Chainlink
Polymarket, the largest on-chain prediction platform, has teamed up with Chainlink, a leading decentralized oracle network, to launch new crypto price markets with a 15-minute term. This integration took place on the Polygon mainnet and is a critical step towards enhancing the automation and reliability of prediction markets.
Benefits of the New Markets
The launch of the new markets provides instant settlements, which improves automation, and it is expected to lead to increased trading volumes and liquidity. Chainlink’s extensive use of oracles across DeFi projects greatly enhances data handling and resolution efficiency.
Market Impact and Liquidity
Analysts suggest that this integration could bolster liquidity and trading volumes on both Polymarket and Chainlink. Given historical trends, which indicate that past prediction markets faced slow resolution processes, the new integration aims to address these challenges.
The agreement between Polymarket and Chainlink promises substantial improvements in the domain of crypto prediction markets, showcasing potential for increased activity and reliability within DeFi.
