base-builds

This year I built:

Prognoze.xyz, a prediction markets platform that allows trading with up to 10x leverage.

Prognoze's central thesis is simple: current spot prediction markets require subsidised liquidity, suffer from stale odds, and incentivise long-term trades while punishing day trading.

It uses a novel vAMM model that enables leverage and deep liquidity on markets.

Prognoze is a new trading avenue that allows people to profit (or lose) based on market sentiment without waiting for future market resolution.

Instead of viewing PMs strictly as a place where the Wisdom of the Crowds prevails, Prognoze is where traders will seek to profit from the Madness of the Crowds.

Prognoze will also be familiar to traditional event market traders, with the protocol creating incentives and rewards to remain in the market until the resolution of the market, which is settled by 
Uma Oracle.

Founder of Prognoze.xyz Forecasting and media.

The mechanics of the protocol are detailed here: https://prognoze.gitbook.io/

But yes, exactly. You can open a position with just 1$ that would be worth 10$. Trading is live and real-time, so as the YES / NO odds change as others trade, you can opt-in to realise your loss or profit at any point. You can get liquidated if the price moves against you too much, especially with high leverage.

Part of the trading fees are also accumulated in the reward pool that is dispersed to traders and positions that stay until the resolution of the market and bet correctly. There will be some $$ left on the table at the end cycle of the market. I can envision quite a few different trading strategies here, depending on your r/r

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cool - how do this work?

could someone join with $1 and lever up 10x? what happens if they lose?