Prediction Markets
We will enable users to trade in more traditional ways using their NEPRIDAO Assets. It will be similar to conventional betting. You can bet on any real-world event. You will either win, and the contract will settle at 100%, or you will lose at it will drop at 0%. One of the famous examples is that you can bet on who will win the upcoming elections. Each candidate will have a contract. The buy-in price will differ for each candidate, and it will depend on the likelihood of winning. They can long or short each contract.
a non-custodial, cross-chain prediction market and hedging platform,
It will be a non-custodial, cross-chain prediction market and hedging platform. We are developing a unique technology of on-chain liquidity aggregation to solve problems of prediction markets.
Core features will include:
- Cross-chain predictions support and on-chain liquidity aggregation
- Binary liquidity model
- Bet insurance
- User-owned predictions and options
- Fiat integration
There is a tremendous amount of liquidity in the crypto markets, and NEPRIDAO is creating new ways for people to connect. As the size and scope of crypto markets increases, both traders and investors will need new tools for hedging and speculating that ensure trust, and derisk positions to the greatest degree possible.
At its core, VIZIR is a trustless way for people to participate in short-term pools and also use advanced prediction tools. Instead of limiting its users to one kind of token, VIZIR is creating a platform that offers shared liquidity across some of the most popular chains, and also supports fiat currency.
We will create liquidity tools for Bitcoin and Ethereum users, and we will deploy support for Near, Neo, Binance Smart Chain, Tron, Solana, Algorand, EOS, Fantom, and Avalanche in the coming months. This gives VIZIR users the ability to take full advantage of the massive amounts of liquidity on the most popular blockchains, and the company is working on full support for all blockchains over the coming months.
“The daily volume of Bitcoin was under $100 million per day in 2014, and sometimes it fell below $10 million. By early 2018, that number had grown to over $20 billion. However, the cryptocurrency has witnessed episodes of illiquidity. After the Bitcoin price crashed, volume often fell below $5 billion per day. However, Bitcoin's daily volume routinely exceeded $20 billion again by early 2020.”
The amount of liquidity in the Bitcoin market has gone up by 200 times over the past six years, and given the fact that more mainstream investors are entering the Bitcoin market, the level of liquidity may continue to grow.
So far, most of this liquidity has flowed through centralized platforms. There are a few reasons why this isn't an ideal situation, as recent troubles at OKEx have demonstrated. If a trader or company were using the exchange as a hedging solution, and there was a freeze on withdrawals, the trading operation could face cascading margin calls across all its accounts.
NEPRI VIZIR Makes Market Connections
The online wagering and hedging market have been plagued by opaque, centralized service providers. Users have to deal with one-sided deal that offers them zero transparency, and no help in the event that the platform decides to act dishonorably. NEPRI changes this dynamic and creates opportunities for anyone who wants to make informed wagers on a transparent platform. In addition to using Solidity smart contracts, NEPRI will introduce an advanced betting insurance system to provide its users with maximum peace of mind.
When looking for hedging opportunities in today's marketplace, it is difficult to find any product that compares to what VIZIR will create. When dealing with an exchange, the counterparty risk is very real, and user funds are generally locked up in the exchange's wallet.
Assuming loads of counterparty risk isn't necessary with VIZIR. Instead, users know their funds are stored in a smart contract that can't be accessed by anyone, including the platform itself. VIZIR will also have built-in instant payouts, which means that funds needed for hedging purposes will be in a user’s wallet with zero wait time.
Established Model
The binary options model that VIZIR will use is already popular, and could help the platform to attract users. Binary options payout based on a yes/no equation that is simple to understand, and also lets advanced investors hedge risk by locking in positions at given price levels.
From the standpoint of a speculator, binary options are useful for wagering on known events in the market. VIZIR breaks its contract durations down into 1-, 4-, and 24-hour periods, so that people can actively speculate or hedge across a range of cryptos and fiat currencies.
In fact, the company is introducing tools that would allow users to create their own pools, and earn from them. While it is impossible to know if all these innovations will find a home in the markets, the transparency that VIZIR creates is valued by both professional hedging operations, and speculators.
Creating Stable Markets
Liquidity is vital for the stability of any market.
“Liquidity — the ability to buy and sell securities rapidly without causing a significant change in price — is essential for markets and financial institutions to function efficiently.”
In the crypto markets the centralized liquidity provider model is creating risks that decentralized, smart-contract based platforms can address. While the central bank-backed liquidity model has been in place for a century, the current market environment may challenge its ability to create price stability. Because the smart contracts that VIZIR will design are both transparent, and payout over the course of hours, it is well placed to become a liquidity provider that removes counterparty risks, and allows its users to ensure that liquidity flows.
A smart-contact driven liquidity system could be the next generation in ensuring liquidity, as it creates trustless payouts that can't be compromised by market actors, or outside influences.
Last modified 8mo ago
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