Building new financial primitives means spending a lot of time in the weeds. Honestly, I love the technical plumbing.
Really appreciate the questions about @ZEITFinance. We're always down to break down how things work under the hood, keep them coming!
Why does ZEIT finance use rolling deposits?
It boils down to two major reasons: Capital Efficiency and Fail-Safe Security. 👇
Crushing the Spread
Prediction markets often suffer from low liquidity. A standard buy/sell roundtrip can burn ~5% just on the spread, even if the midprice doesn't move. By batching deposits and withdrawals, ZEIT offsets them against each other. This avoids slippage, skips unnecessary unwinding, and keeps your capital highly efficient.
The "MIA Owner" Safeguard
Vault owners have the option to "roll-in" your funds immediately. But if they don't, the system does it automatically. This solves a critical corner case: if a vault owner disappears or loses access, the internal state machine auto-rolls the assets anyway, ensuring depositors can always safely redeem their funds.
No trapped capital, no wasted slippage. That’s why we roll.
We're excited to announce Polymarket has facilitated the first ever on-chain, institutional block trade in the prediction market space.
Institutions using Polymarket to hedge GPU compute exposure at scale give a glimpse into both the future & the promise of prediction markets.
I read a lot about how it’s a bad time to build in crypto, especially DeFi. But I strongly believe there is still space for unique products uniquely enabled by crypto, creating markets, culture, and opportunities that never existed before.
This is what we are trying to do with ZEIT. We are taking the truth represented as prediction market bets and tokenizing it into a single ERC20 token that grows in value if the reality you bet on happens.
Cardano playbook needs to be studied. They tried to build a credible decentralized system, not focused on the user but focused on the tech - having moral superiority over the user, giving away free money, and trying to buy adoption. But failed in the end, as the tech is just not user-focused.
A simple truth at the end. If you don't have a user, you don't have a product.
@defiance_cr Great take as always! I would humbly add that pooling multiple risk assets into a bucket is a great way to reduce risk, and if you break it down, we are in the game of reducing risk and increasing yield.
I read a lot about how it’s a bad time to build in crypto, especially DeFi. But I strongly believe there is still space for unique products uniquely enabled by crypto, creating markets, culture, and opportunities that never existed before.
This is what we are trying to do with ZEIT. We are taking the truth represented as prediction market bets and tokenizing it into a single ERC20 token that grows in value if the reality you bet on happens.
🚨 OUT OF PRIVATE BETA 🚨
Today, we are thrilled to officially launch ZEIT Finance Tokenized Vaults on top of Prediction Markets.
Reality is now an asset class.
Prediction Markets are the fastest, most precise representation of reality.
We believe that the "assetization of reality" is the next culture-defining tool in the Web3 space. If you have a conviction, you can now tokenize it.
🧵👇