Dfyn is launching a binary prediction market product on Polygon that can inform customers about value fluctuations inside 5 minutes and make the DeFi extra accessible. The brand new prediction markets will work on the MATIC tokens. Predictions for 2 extra tokens will even be launched quickly. Dfyn will use the Chainlink Oracle to observe and predict the MATIC dwell costs. The Chainlink oracle is totally decentralized and is thought for its reliability and powerful safety. Chainlink oracle has additionally entered right into a particular cope with Dfyn that can permit customers to refresh MATIC dwell costs each 30 seconds.
A small portion of every spherical’s complete pool can be deducted and despatched to the Dfyn treasury as fee for the prediction instrument. This payment will use to purchase again and burn Dfyn. There will be two completely different edge circumstances whereas utilizing the prediction instrument. This may be when all customers enter the spherical on the identical facet. On this state of affairs, if the spherical ends within the customers’ place, their funds can be returned to them. Nevertheless, if the spherical ends within the reverse place, the funds can be despatched to the Dfyn treasury.
One other edge case that will come up through the use of the prediction instrument is when the closed value in a single spherical equals the locked value. On this state of affairs, nobody wins that spherical, and the funds can be credited to the treasury.
Dfyn is a multi-chain AMM DEX that operates on Polygon. Their nodes on numerous chains are the entry and exit factors for liquidity into the cross-chain liquidity mesh of Router Protocol. They are going to now use the prediction market to boost their Polygon companies additional.