Kane | MidasPredict

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Kane | MidasPredict

Kane | MidasPredict

@0x_GenCrypto

Co-founder & CTO at @MidasHandxyz · Building the first prediction market on @LitecoinVM · Prior: smart contracts across major DeFi protocols · Love crazy ideas

MultiChain DeFi Katılım Ekim 2022
46 Takip Edilen91 Takipçiler
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Kane | MidasPredict
Kane | MidasPredict@0x_GenCrypto·
opening a prediction market is easy. resolving 46 of them at the same second is the part that breaks things. last night, june 30, 23:59:59 utc, a wave of markets hit expiry at once. users love a month-end expiry date. so the last second of the month is when everything comes due together. every one resolved. the epoch settled. the books closed on schedule. no scramble, no manual patch. that's the unglamorous thing testnet is actually for. worst-case load, all at once, and watching if it holds. it held. season 4 is live now, on @LitecoinVM.
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MidasHand
MidasHand@MidasHandxyz·
Predict with friends in real life? It is an old story, pal. Predict on dApp? We all knew it years back! Predict on @discord, @telegram & @X? Wait! What?! Predict anywhere, anyhow you can without leaving your chatty friends. Protocols, Wallets, Partners, Affiliates, Community Hosts are all Welcome! Coming soon in @LitecoinVM, brought to you by Midas, powered by @litecoin.
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Inari
Inari@0xInari_·
my first attempt at the combo cup went with my favourite sport 😏 the fun part is that many of the markets I picked don’t have an obvious favourite, which makes everything even more interesting tennis has surprised us many times before… now I’m hoping it surprises me with a perfect 100x btw, do u know what 143 means?
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Polymarket@Polymarket

ANNOUNCING: The Combo Cup. $50k in daily bonuses — paid out to the top Combo trades on Polymarket​.com Ends July 31st. Place any combo here: polymarket.com/r/combo-cup

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Tony
Tony@tonyz_defi·
200,497 wallets have registered on our testnet. 143,422 have actually traded. I don't believe every one of them is a person. I'd rather say that myself than have someone else say it for me. Not a complaint about bots — those are welcome, and have been since day one. Trading our markets programmatically is documented, non-custodial, permissionless. An algorithm quoting a thin market at 3am is doing that market a favor. A bot is a method. A Sybil is a lie. One operator wearing forty-eight faces to look like forty-eight users. Forty-eight isn't hypothetical — that's a cluster we caught on our own testnet. Which is why testnet activity doesn't convert to mainnet status one-to-one. Outcome shares are non-transferable between wallets — mint and burn only, enforced at the contract level, not by policy. A farm can spray positions across forty-eight wallets and it cannot consolidate them into one. What converts also gets filtered, and I'm not going to publish the filter, because the people it's aimed at can read. Trade with a bot. Just don't pretend to be a crowd. The number that matters was never how many wallets touched the testnet. It's how many are still there when the free money stops. We'll publish that one too.
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OL
OL@ol_onX·
I’m so tired… After 10 rainy days, we finally got sunny weather on Monday Tbh, it doesn’t matter to me. That’s why I easily turned it into a +1 weekend today Thanks web3 for freedom
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OL@ol_onX·
My results after a month grind in CT Comeback started on 8 June,right after I returned from my Thai vacation > engagement rate +300% > profile visits +82% > more bookmarks and likes These results show that my content is finally getting visible The secret? I simply started writing 1-2 post/day and around 100 replies As a bonus + 4 new clients for marketing Good summer start?
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Andre Cronje
Andre Cronje@AndreCronjeTech·
We were asked a very good question; "Why was rebuilding the entire stack the only real option? What breaks if you stitch existing protocols together?" I really liked this question. To answer, let's start with what you can do today using existing protocols. You could deposit USDC & BTC into Aave, this would give you aUSDC and aBTC. You could then take the aUSDC and aBTC and create a Uniswap LP for aUSDC/aBTC. On paper, this looks like capital efficiency. In reality a normal trade routed through Uniswap does not see USDC/BTC it sees aUSDC/aBTC, which it considers completely different assets. A third party aggregator could then optionally fill in that final leg of swap BTC > aBTC > aUSDC > USDC, however given this requires HF checks on every leg, the gas fees alone make this an unfeasible trade. The reality is onchain doesn't consider aUSDC/aBTC as USDC/BTC. (This also ignores edge cases like 100% utilization or when trades are required for liquidations). This is a simple example, but it already shows where the system begins to break. We didn't even touch on cross protocol risk, independent systems that can't trust each other for purposes of HF calculation, or the overall bad user experience of needing to jump through multiple UI's. The only real solution for capital efficiency is a single entry point margin account and all other systems feeding from it. This is only one of many innovations already available in @flyingtulip_
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Kane | MidasPredict
Kane | MidasPredict@0x_GenCrypto·
"independent systems that can't trust each other for HF calculation" is the line that carries this post. fully agree. and it goes even deeper. they're not just unable to trust each other. they're not computing on the same inputs. every protocol in a stitched route marks the position off its own oracle setup. different sources. different update timing. different deviation thresholds. one account, a different health factor depending who you ask. under real volatility, that's the cascade. venue A liquidates you while venue B still marks you healthy. the forced unwind moves the price B reads late. the whole thing runs on disagreement between price views, not leverage. spent years wiring liquidation paths around exactly this. single margin account is not only one collateral pool. it's one mark. one price view, one health factor, one decision to liquidate. stitching never gives you that. rebuild was the only real option.
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Kane | MidasPredict retweetledi
Litecoin Foundation ⚡️
Litecoin Foundation ⚡️@LTCFoundation·
.@CoinMarketCap CMC Quest has begun! Complete the tasks to check out @LitecoinVM & WIN 🚀
CoinMarketCap@CoinMarketCap

🔥 @LitecoinVM Early Supporters 'CMC Quest' is Live! coinmarketcap.com/community/post… 🎁 Finish various tasks for a prize pool of 2,000 USDT split across 80 winners 🔹 Follow LitVM on X 🔹 Repost the post 🔹 Explore the LiteForge testnet 🔹 Enter your wallet (CMC Labs: Partnership)

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Kane | MidasPredict
Kane | MidasPredict@0x_GenCrypto·
opening a prediction market is easy. resolving 46 of them at the same second is the part that breaks things. last night, june 30, 23:59:59 utc, a wave of markets hit expiry at once. users love a month-end expiry date. so the last second of the month is when everything comes due together. every one resolved. the epoch settled. the books closed on schedule. no scramble, no manual patch. that's the unglamorous thing testnet is actually for. worst-case load, all at once, and watching if it holds. it held. season 4 is live now, on @LitecoinVM.
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Kane | MidasPredict
Kane | MidasPredict@0x_GenCrypto·
indices feel inevitable, agree. but "clean" is carrying the whole sentence. an index is only as honest as its worst-resolving market. bundle eight of these and you don't average the mess away, you inherit every component's settlement risk at once, under one tidy number. the bottleneck was never the bundling. it's that compression makes a wrong resolution invisible, not harmless. one constituent settles wrong and the index keeps printing a confident price that's quietly false. the unbuilt part isn't the basket. it's the settlement under it.
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good@thenarrator·
prediction market indices feel inevitable not the obvious binary markets,but actual baskets of reality: an ai progress index, a geopolitical risk index, an election chaos index, a fed panic index, a crypto regulation index, a consumer sentiment index, a war escalation index, a startup liquidity index the interesting part of prediction markets was never just betting on isolated events it’s that they can compress messy, hard-to-measure worldviews into live prices once enough liquid markets exist, someone is going to bundle them into clean indices and at that point, you’re no longer trading individual questions, you’re trading the state of the world that matters because investors, founders, policymakers, and even ordinary people get a new way to hedge and understand what the market thinks is happening in real time feels like one of the most underexplored directions in crypto
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Kane | MidasPredict
Kane | MidasPredict@0x_GenCrypto·
the match winner is the boring market. france 89, spain 88, the crowd already decided. the interesting ones are the rest: penalties or normal time, who scores first, both teams to score, goals over under, which group takes it all. one world cup match becomes many markets, and 77 are live right now on @MidasHandxyz. people are trading the hard-to-call ones, which is the whole point. still testnet, i won't pretend otherwise. but it is the heaviest real usage we have had at once and it held clean. the campaign is pulling users who actually trade, not only click. mainnet is where the sweeter and stronger features land. building toward that now on @LitecoinVM.
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Kane | MidasPredict
Kane | MidasPredict@0x_GenCrypto·
@BlondiePredicts didn't know the story behind the name , 51 as the smallest majority is a great frame, and the 50+1 layer makes it personal in a way most project names never are. good one, Aggie.
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Aggie
Aggie@BlondiePredicts·
A lot of people ask where the name Fifty One Alpha came from. 51 is the smallest majority. In prediction markets, it’s a reminder that the crowd doesn’t have to be 100% right, just a little more right than wrong. Alpha is is the edge, the insight, the signal, the thing you know that the market hasn’t priced in yet. The last meaning is personal. When I first got into prediction markets, most rooms were filled with men, and I wanted to bring one more woman into the room. That’s what 51 became to me: 50 + 1. Sometimes the wisdom of the crowd begins with one more voice… and that’s the story behind @fiftyonealpha
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Kane | MidasPredict
Kane | MidasPredict@0x_GenCrypto·
the part worth paying attention to here isn't the yield number, it's "no offchain exposure, no external debt." that's the hard thing to engineer in leveraged yield , keeping the whole risk surface onchain so there's nothing external to trust. most "defi yield" smuggles in an offchain dependency somewhere. fully self-contained is rare. the design frontier in DeFi right now is exactly this: how much of a system can you make trustless and onchain before you hit something you can't. clean example of the direction.
Andre Cronje@AndreCronjeTech

Holding stable with ~13% on USDC/USDT on Ethereum. 8% on USDC/USSD on Sonic. No offchain exposure, no external debt, no lockups. DN leverage less than 1.160x currently. HF over 13. Pure defi yield @flyingtulip_

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MidasHand
MidasHand@MidasHandxyz·
When we first joined @LitecoinVM, we had under 1K followers. We just crossed 3.5K. To everyone who backed us before we ever touched LitVM, you believed early and that means everything. To the LitVM community who welcomed us in, thank you for making this feel like home. And if you're reading this right now, yes, you. We see you and we appreciate you. This is just the beginning. Midas is heads down building a product that puts $LTC to work and expands what's possible in the Litecoin ecosystem. The best is ahead. 🖤🧡
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MidasHand
MidasHand@MidasHandxyz·
The World Cup is here. So are the markets. ⚽ 🏆 Create your own World Cup prediction market on MidasPredict in under 60 seconds, any match, any outcome. Your market. Your call. Only on @LitecoinVM.
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