skininthegame

Anyone know how @polymarket works with this no-activity account holding all(?) of the "NO" positions? Is this a weird magic counterfactual address? Why does it exist?

Anyone know how @polymarket works with this no-activity account holding all(?) of the "NO" positions? Is this a weird magic counterfactual address? Why does it exist? https://polymarket.com/profile/0xa5ef39c3d3e10d0b270233af41cac69796b12966

A doodler and computerer. I like permissive/permissionless open source, smart contracts, p2p systems, room-scale VR, and NixOS.

shazow.net

Currently: WhatsABI

Skeptical optimist, prediction market enjoyer

Ah interesting! Is this documented anywhere?

It’s a conduit for neg risk on Polymarket, the burn address for “No” shares

predicting @ /nftperp || researching deriv's

There's zero activity on any of those positions, which makes me think it's not a real account. But also the address has no mention anywhere else.

I wonder if it's a placeholder for a weird accounting quirk that represents the delta, not real positions?

This one also puzzles me. Possible theories:
- padding to make election markets seem more legitimate (in terms of signalling)?
- airdrop farming
- Polymkt rewards makers who place liquidity near the midpoint with USDC -- perhaps farming these rewards with size?

not super familiar w/ the protocol so may be off base