The decentralized organization DXdao has launched prediction market platform Omen

The decentralized organization DXdao has launched prediction market platform Omen

DXdao decentralized organization that develops new DeFi products has launched the decentralized market prediction platform Omen.

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2 Jul 2020 , 19:28 @ Katie Müller

The decentralized organization DXdao has launched prediction market platform Omen

DXdao decentralized organization that develops new DeFi products has launched the decentralized market prediction platform Omen.

Omen brings the next generation of truly decentralized prediction markets to Ethereum

Omen is meant to be unique in that it focuses on ease of use. Each of the interested parties can create prediction markets on the platform, using Realit.io and Kleros (arbitrator).

Unlike other blockchain-based prediction market applications, markets on Omen use an automated market maker to match trades and allow users to easily contribute to Uniswap-like liquidity pools. This ensures that markets optimally reflect the latest expert opinion on their topic.

Omen is built on the Gnosis open-source conditional token framework, where on-chain market share prices adjust to new information and reflect the probability of future outcomes.

writes Ambassador at dOrg

Also with this platform, DxDao wants to contribute to true DeFi decentralization by assuring its applications have full stack decentralization on serverless hosting, application, and governance layers.

Read also: ETH 2 can handle 100k transactions per second

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    Katie Müller

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