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@vallexyz

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@vallexyz
I placed a bid in the @EFDevcon 7 Ticket Raffle-Auction! Join the raffle here: https://raffle.devcon.org/
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Hellyo
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Ok. You won the vote 😂
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gm. So Steaks V1 was a simple bet market. For Steaks V2, would you either: 1. Extend bet markets: everyone can open markets, creator fee depends on how balanced the bets are, and a better distribution towards early bets? 2. Create a super simple Degen perps, where you can provide liquidity or go long and short?
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Amazing how this prediction market actually adapts to the real price change. First ever opportunity to „short“ Degen.
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@hellno.eth and me were considering moving degen steaks onto it.
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I am your best fren.
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@vallexyz
Just realized that only Order Books can make sure this equation holds. So DeFi moves closer to TradFi.
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@vallexyz
Can you press "refresh" after approval and try again? Transactions from frames are still not 100% smooth. Sorry.
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@vallexyz
View market -> Previous market should be it.
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Does anyone ever thought that "long_exposure - short_exposure = LP_exposure" could be the equilibrium condition of a derivative protocol?
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Yes. We still optimize the Frames to take the burden of remembering your bet off of your shoulder. And we consider adding a fair auction mechanism to sell the steaks to the public. That's where the NFT may come in.
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@vallexyz
First principle: The losing side's amount gets distributed to the winning side (derivative). Fun side: Every placed bet distributed 0.69% to all steaks and another 0.69% to all previous bets. So it makes sense to be early.
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4. The creator of 1 market/bet (not sure how to name this) receives 0.69% of all invested DEGEN. Access will be opened to public in a later phase. So Steaked Degen 🥩🎩 is foremost a DEGEN gamble, and second a crypto derivative with a very interesting payout matrix. We plan to add more utility.
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On the back of this bet market are multiple fee redistribution mechanisms that reward early usage. 1. All previous bets receive 0.69% of all new bets. 2. All previous steaks receive 0.69% of all new steaks. 3. The Degen Utility Dao receives 0.69% of all new steaks (which will be sold as the only circulating supply).
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Wow, turned 2 DEGEN into 3.9! https://www.onceupon.gg/0x5e110e96f6ea3c35b5cda454771bb1876b1c53135857c4af4d66b98316e396f1
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Steak loves Mango.
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84 / 93
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@herocast not mentioned because it's too OG to be mentioned?
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Our Steak 🥩🎩 Deployer GenZ overtook the old one today and succeeded. Can you smell the steaks?
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