Danny Delott

🛣️ Building monetization tools for onchain apps @CommissionRoadX |
Prev @bonkbot_io @delv_tech

[Danny Delott @DannyDelott]

This also lets you learn the game and experiment with different signals and strategies to answer the question.

When you're ready, you can switch to the dollar markets and deploy more size. Or just keep having fun in the penny markets all day.

[Danny Delott @DannyDelott]

What if there were prediction markets where event contracts resolve to $0.01 instead of $1?

Like, ten bucks in seed liquidity on a Pennymarket contract would be plenty, and even though the upside isn't the same, you still get to feel something when you're right and have fun.

[Danny Delott @DannyDelott]

@llamaonthebrink @Trueo_ Do the main trade execution calls have complicated params that need an API/SDK to integrate easily? An API for getting current and historical state makes sense, but writing doesn't need an API necessarily I hope.

[Danny Delott @DannyDelott]

@0xNairolf They're strictly better than using addresses for things like fee collection in onchain apps.

https://t.co/dWrnzTgBlA

[Danny Delott @DannyDelott]

@CommissionRoadX is a protocol that lets you trustlessly monetize a dapp.

1. Mint your nft
2. Route txs through CR to specify your fee
3. Claim your nft's fees at any time

App revenue as a "yield bearing nft" is a better design for so many reasons.

[Danny Delott @DannyDelott]

@tlakomy The communication fatigue of working with worse models isn't worth the hassle. Feels like you have to tell it everything it shouldn't do instead of just what you want it to do.

[Danny Delott @DannyDelott]

I really hope @Trueo_’s creator fee model becomes the norm for more protocols going forward.

[MilliΞ @llamaonthebrink]

A cool thing about User Created Markets is that projects or people can create prediction markets and capture the trading fees as a funding source in addition to the informational value of the market.

A project wants public sentiment on a particular governance proposal?

They can create a prediction market for it on @Trueo_ and use the fees they earn to fund audits or to develop new features.

Or someone like Vitalik or Cobie or Brain Armstrong, might not need the money, so instead they can create markets and direct the fees towards a cause they care about.

A freelance journalist can create a market for some headline question to see if it’s worth investigating, then use the fees from the market to fund their work.

The possibilities become endless when these markets are designed to scale from an idea to a legitimate contract to professional trading to fair and credible resolutions.

We spent the entirety of last year putting these pieces together in anticipation of this product.

Can’t wait to release it to yall.

No beta, shmeta.

Straight up public launch with uncapped opportunity.

[Danny Delott @DannyDelott]

@buidlguidl @austingriffith Nicely explained. This is a super important distinction when building contracts that allow others to call contracts through them like with @CommissionRoadX

[Danny Delott @DannyDelott]

@trent_vanepps I think just a 2 sentence epistemic disclosure by the human at the beginning of ai writing would go a long way https://t.co/Dh2e2ybUxR

[Danny Delott @DannyDelott]

@socialgraphvc Is the revenue model subscriptions to analytics? Seems like specialized markets going after trading volume is the real business.

[Danny Delott @DannyDelott]

@socialgraphvc Why just analytics?

[Danny Delott @DannyDelott]

@0x_Mist Read Write Own argues that investors are not interested in funding stuff being built on networks you don't own that can simply rug your business.

Distribution aside, do you factor polymarket risk too?

[Danny Delott @DannyDelott]

Polymarket shutting down all their weather markets today couldn't be more bullish for the thesis that weather markets deserve a specialized trading terminal.

We applied to @ycombinator @speedrun and @alliance to build Windra and make it the best place to trade weather.

[Danny Delott @DannyDelott]

@galdayan1895 @a16z @speedrun The best place to trade weather

[Danny Delott @DannyDelott]

@llamaonthebrink @apoorveth Seems like it's way cheaper to build wallet tech than novel protocols that need 5-7 figures of audits AND distribution to get VC interest.

[Danny Delott @DannyDelott]

@sawinyh It's a shame because real protocol innovation needs 5-figure audits just to be able to maybe launch and that's a nonstarter for most tech founders used to building the paper cup to understand the market first.

[Danny Delott @DannyDelott]

@0x_Mist We're doing this with weather markets but the reality is that Polymarket and Kalshi are not great for builders. Neither have a way to earn affiliate fees on tx volume and the tx history isn't available to provide fast realtime wallet analytics either.

[Danny Delott @DannyDelott]

@llamaonthebrink @SpectreXBT_ @Trueo_ Still targeting May for release? We're so excited to start creating weather markets on this 😎

[Danny Delott @DannyDelott]

@llamaonthebrink 👑 What is the graduation threshold?

[Danny Delott @DannyDelott]

@llamaonthebrink Liquity v1 did a great job of having a token that actually was aligned with the holders.

If you have a protocol that charges a fee, it should go to token holders via a staking vault, not some governance treasury.