Pumpcade has officially entered Open Testnet Beta
During beta, we will be:
1. Stress testing our infrastructure
2. Integrating our new world class parimutuel protocol
3. Building a best in class experience
Report bugs/feedback using the chat button
https://t.co/KuttnyzQkc
100% of team efforts are now on @pumpcade sports markets.
We've historically built in public and shared progress screenshots/videos along the way, but not this time.
When it drops, it drops. We haven't seen any approaches to sports markets like this... EVER.
Pumpcade.
At the surface level of @pumpcade we are building something that feels like a game
But the underlying tech is a world class resolution engine that's capable of resolving any proven outcome quickly and under heavy load
It's a wolf in sheep's clothing to fix outcome resolution
"Don't trust, verify."
That's been crypto's claim for a long time, but it only works if you can actually verify.
Every system has trust assumptions. The chain, the oracle, the data source, the path from the real world into the machine. What crypto actually changes is not whether trust exists, it is whether trust is visible, narrow, and something people can inspect.
Prediction markets are a good test case for this.
Before a market settles, messiness is expected. People are pricing incomplete information, disagreeing on what's likely, and arguing about what's true before it becomes obvious. The crowd is doing real work.
After settlement, the messiness should stop.
The current Polymarket dispute over Strategy's Bitcoin sale is a clean example of what happens when it doesn't. Strategy sold 32 BTC during the May 26-31 window. The market asked whether Strategy would sell any Bitcoin by May 31. The SEC filing confirming the sale came on June 1.
So the dispute is not really about whether the sale happened. Everyone agrees it did. The dispute is about which interpretation controls: did the market ask whether the sale occurred by May 31, or whether it was publicly confirmed by May 31?
That's a real ambiguity. Once it exists, the market stops being about prediction and starts being about resolution politics.
That's where subjective settlement falls apart.
It doesn't matter whether the resolver is a company, a committee, a validator set, a DAO, a multisig, or token-weighted voters. If settlement depends on what a group of people decides after the fact, trust lives with that group. You haven't eliminated the human judgment problem, you've just moved it somewhere harder to reason about.
The version that actually works is narrower. The rule and the resolution source are both defined before the market opens. The input is observable onchain or from a named publication. The resolver is deterministic, and settlement follows mechanically from that.
Show the path from condition to input to output.
Make it verifiable.
Make it dull.
When resolution isn't boring, trust landed somewhere it shouldn't have.
As mentioned prior, we contracted a design studio for the production grade rebrand of @pumpcade
The open beta has served the purpose of monitoring user behavior and getting feedback on the general layout of the application
Here's a sneak peak of where we're at internally
I have been vehemently preaching ONLY automatically resolved prediction markets, like what we're doing with @pumpcade for a reason.
We are only going to continue to see more and more resolution issues like we saw today with the Microstrategy market.
Pumpcade fixes this.
Developers are already building on top of @pumpcade
We love to see this, and are going to have robust developer APIs and builder codes.
There is a massive opportunity to build telegram bots, trading tools, and new interfaces on top of Pumpcade.
Pumpcade.
100M PUMPCADE tokens have been transferred from our creator wallet to Streamflow and locked for investor vesting.
In the sake of transparency, the schedules are:
- 12-month cliff
- 4% unlock at the cliff
- Remaining 96% vested monthly over the following 24 months
Pumpcade.
We just did a fairly large release to the @pumpcade open beta.
The team is shipping at unprecedented speeds.
Visual:
1. Entirely overhauled PNL cards.
2. Live charts now better convey movement and activity. There are animations driven by underlying asset volatility as well as alerts for predictions placed.
3. More engaging home screen. Pumpcade markets move fast, so it's important that we can drive your eyes to where the activity is, and where your time is best spent. Market cards now visually display when predictions are placed, and shift accordingly to your field of view based on market volume.
4. Prediction buttons have stronger visual feedback. It should feel good to place a prediction.
Infrastructure:
1. Pumpcade markets begin offchain, and the first prediction moves the market onchain. This happens in a single bundled transaction.
2. We fixed a race condition where the home page would occasionally reload data.
3. We have began migrating all of our services off of Railway and onto AWS. A few have already been migrated. Tomorrow we will have a *brief* period of downtime while we complete the migration for the remainder of the services.
Operational:
1. Half of the team is now heads down working on Sports markets. This includes a fully immersive and "fun to watch" experience for the fast paced sports markets. We have calls starting Monday of next week with data providers for these sports markets. It is incredibly important that we get the fastest data, and we will ensure we explore all options to make sure that we have the perfect data for the speed of our markets.
2. We will be onboarding a new team member soon. More on this later.
Keep sending in your feedback using the Intercom button on the app. We read and respond to nearly everything.
Pumpcade.
Since we’ve started building @pumpcade, we’ve been saying it’s not like other prediction markets. This sports release will prove we weren’t kidding.
The vast majority of prediction markets for sports feel like a finance product pasted on top of a sports event, but fast resolution changes what’s possible. You can build markets around moments within the game, not just the final outcome.
We’ve never really had a product that let you call the next 5 minutes of a football game. Or the next 2 innings of a baseball game. Or whether the Knicks will be down by 15 after the 3rd quarter. Prediction markets that are settled instantly open up a whole new set of questions.
For example:
“Will Steph Curry hit over 4 threes in the next 5 minutes?”
“Will the Phillies hit a grand slam in the next 3 innings?”
“Will there be a red card in regulation?”
Those are the kinds of things that fast resolution make possible.
But the bigger idea is not to just build a better prediction market, it’s making something people would open even if they weren’t interested in the markets. Good context, good visuals, and keeps you in the action.
Which sport should we tackle first?
We pushed a few new things to the @pumpcade open beta
On desktop and mobile, you can now track your active positions and claimable winnings on any page
Important to note, with the introduction of the v1 protocol, the app performs "lazy claiming" on your next action
Pumpcade
We recently pushed an overhaul of the mobile market view to the @pumpcade beta build.
Easier and simpler to view relevant information and place predictions.
In our next release, you will see a brand new homepage geared towards faster market discovery.
Always be shipping.
Over the course of the week we will be pushing large UX changes to the live @pumpcade beta build
Our core focus is on simplification and clarity
These changes will slowly lead us into the roll out of Sports markets on Pumpcade which bring an entirely unique sports experience