고정된 트윗
It's now clear to all but a few lunatics that memecoins are done
Prediction markets have taken their place in the heart of degens, just like memecoins took NFT's
Yet every time you point this out, a demented memecoin fanatic screeches out in reply :
"But brother ! I have seen people make x1000 in a day on memecoins, Prediction Markets are child's play ! "
And yes :
- he's probably talking about a fake screenshot he saw on his timeline
- It was made on the back of a 99.6% loss rate retail audience that has since deserted the market
But no matter how unhygienic and mentally ill he is. He still has some sort of a point.
Facts are, although extremely rare, these things do happen and there is a certain kind of degen audience that lives only for it.
So how do we reach them ?
1) Problem
The upside on a single market is fundamentally capped, in theory at 1000x, in reality, at much less.
The cheapest you can buy a share on Polymarket is in theory $0.001 (0.1c), if they go to the max of $1 then it's a 1000x
But even now you will have an extremely hard time finding a counter party that wants to buy the opposite side at $0.999.
When trading fees are introduced it will make even less sense for traders to buy shares at $0.999 since fees will eat all their profit
So introducing even smaller denominations wont increase the multiple potential
2) Solution
Derivatives. We need Derivatives.
But we can't have perps on single markets with capped upside and an expiry date ( They are called Perpetuals for a reason)
That's why we created Perpetual Prediction Vaults at @ZEITFinance, you invest not in a market but in a fund that constantly reinvest the proceeds in new markets.
The vault can be operated :
- By a good trader
- According to predetermined strategy
- By a bot or statistical model
It doesn't really matter.
What matters most is that we have transformed the single market outcome into a continuous price series.
Now we can tokenize it.
Which means we can plug it in all the existing DeFi eco, including perps.
This way :
> there is no limit to how much you can make.
> the memecoin schizo can shut up
> the degen can chase his 10000x
As you see we worked very hard to kill the memecoin reply schizo and every minute of it was worth it
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