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mike rainbow (rainbow mike) ↑
@mikedemarais.eth
are there any prediction markets with tokenized prediction positions? or any tools that allow you to wrap positions into erc20 tokens? ie: $YESthing / $NOthing that can be tradable on dexes?
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CJ
@cjh
do you mean just trading usdc/weth/degen etc for yes/no shares on an AMM instead of order book? if so, it's possible on /limitless or do you want to create a secondary market for positions? if so, why? what is the sense to break 1 yes + 1 no share summing to 1 collateral token before market resolution?
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mike rainbow (rainbow mike) ↑
@mikedemarais.eth
erc20s are cool because you can do composible things with them! you could create baskets: bullish trump / bullish democrats which bucket multiple similar markets (ie: will trump win and will GOP win) into a one position you can also create borrow / lend markets for the tokenized YES NO positions
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CJ
@cjh
interesting Alan Lu, who designed the Gnosis conditional tokens contract still used by Polymarket & others today, is also credited with x*y=k, so I'm pretty sure he would have considered erc20s as a potential design choice for the outcome shares but you can create deep erc1155 positions using said framework, see https://youtu.be/uZNWq07Y4Ag?feature=shared & Polymarket recently shipped this lending PoC https://mirror.xyz/polymarket.eth/8t4zhQlAza5M52dV4lVvh94NDhbJr2Dos4qvih80flU so I'm curious on what the specific unlock would be by migrating or wrapping those positions as erc20s, we're open to experiment at /limitless!
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