The Cade Cup is now live!
From now until July 19, we have enabled instantly resolved markets on every World Cup match.
Climb the PNL leaderboard, predict the most, or get the biggest multiple. $75K+ on the line.
Pumpcade Summer has officially begun at https://t.co/KuttnyzQkc
Our team reviewed the entirety of yesterday's Cade Cup game:
Traffic peaked at 32.2x the pre-game baseline, which is substantially higher than even our previous highs.
This influx of traffic caused repeated rate limits on the RPC. Keep in mind, we are on Devnet, not Mainnet, which is intended for experiments, not production grade applications.
The rate limiting affected downstream listeners, market materialization, and placing predictions. This also resulted in values defaulting to fallback numbers, hence sometimes seeing 0 for pool balances.
We have a fix in place, which is being tested now in our dev build. We moved a lot of calls off of the RPC and onto direct log reads. When we confirm it's sufficient, we will push it to our prod build.
Tl;dr: @pumpcade cade cup is growing substantially by every match. Every new activity milestone exposes NEW areas that we need to improve.
This is why the Cade Cup is on testnet, with fake dollars. The best way for our team to build an application that's PERFECT for mainnet is by getting THOUSANDS of concurrent users on it NOW.
Looks like people really miss @pumpcade during off days.
Currently seeing ~10x more traffic in first 13 minutes of the game than our previous highest day.
Pumpcade summer.
We've shipped 3 things ahead of today's game @ 3PM:
1. Live PNL + history tracker on market page
2. Sound effects for game events
3. Previously, new markets could take up to 20 seconds to surface. This is now instant. Market ends and new one appears instantly
Anyways, pumpcade
Since July 4, we have paid out $45,750 to 53 Cade Cup winners.
Please check your email (and spam folder) if you think you have won, as there are a number of unclaimed prizes.
Pumpcade summer.
Emails have gone out to 7/10 winners.
$5,000 for top 3 PNL leaders.
$400 for Grinder.
$4,000 for 10 way Smasher tie ($400 each).
We'll see you tomorrow when the Cade Cup resumes for France vs. Spain.
We're going BIG for the prizes on the final 2 days of the @pumpcade Cade Cup.
July 18: $15,000
July 19: $20,000
On these days, you will receive a bonus to your starting balance for all pre-registration boosts and referrals.
Pumpcade Summer.
Emails have gone out to the 7/9 winners. On this day, we doubled the prize pool.
The top 10 users on the PNL leaderboard will receive their share of $10,000.
The top 2 Grinders and Smashers each took home $400.
The Cade Cup resume on 7/14, and it's about to get much crazier.
21,144 predictions placed on the Norway vs. England game on @pumpcade. 25% more than our previous highest.
The thesis I set out to prove 10 months ago is playing out in realtime with the Cade Cup.
Short duration prediction markets work.
Anyways, pumpcade.
Cade Cup is the perfect test for @pumpcade
LOTS of edge cases with this sport. VAR especially creates weird situations.
The team will always account for these things post game when we run our prize calculations.
Once again… this is WHY we are doing the Cade Cup… to test.
2 Cade Cup matches today.
Also, about your pre-registration boosts and referrals. Those will be very very important for the final 2 days of the Cade Cup.
More on that soon.
Another record breaking game. 23% more predictions than yesterday's record.
I have emailed 7/7 winners, which ONLY includes first game.
We are continuing to work through bugs that we find/get reported. The team GREATLY values your feedback.
We will only continue to improve.
The data we're collecting from the @pumpcade Cade Cup is mind blowing
Fast markets + Instant resolution are changing human behavior patterns.
It's not about being a "different" prediction market. It's about building an entirely new experience
We'll share data after the cup