Richie | Doges.lens ⌐◨-◨

Building @parlay_protocol
| DEFI | Prediciton markets

[Richie | Doges.lens ⌐◨-◨ @twindoges]

I spent 7 months developing this product. It’s a truly decentralized liquidity layer for Prediction markets.

We built Hyperliquid for prediction markets.

If you’d like to try it out on the testnet, please DM me
I’m open to feedback and will definitely reward you.
Now build on @Polymarket

[Parlay Protocol @parlay_protocol]

Parlay Markets private testnet is live.

Combine multiple events into one position with multiplied payoff, just like perps did for spot trading.

Go to https://t.co/3V5Ubg9RtC
Get Early Access
Enter wallet
Check your Degen Score
Claim free rewards and join to waitlist.

Collect shards from every trade – unlock cases with freebets, bonuses and exclusive drops.

[Richie | Doges.lens ⌐◨-◨ @twindoges]

@rektonomist_ Congratz seer!

[Richie | Doges.lens ⌐◨-◨ @twindoges]

@a16zcrypto Great article.

And prediction markets, just like financial markets historically, need leverage. That’s exactly what our @parlay_protocol provide, especially for short-term markets.

[Richie | Doges.lens ⌐◨-◨ @twindoges]

@lmrankhan Well said ser
Agree

[Richie | Doges.lens ⌐◨-◨ @twindoges]

@Route2FI Great stuff ser, Thanks for the writing

[Richie | Doges.lens ⌐◨-◨ @twindoges]

Can’t wait to integrate GammaSwap’s new mechanics into our parlays @parlay_protocol

[Richie | Doges.lens ⌐◨-◨ @twindoges]

Can’t wait to integrate GammaSwap’s new mechanics into our parlays @parlay_protocol

[GammaSwap @GammaSwapLabs]

✨Announcing the Transition from V1 to V2 ✨

TL;DR GammaSwap V1 proved AMMs could be used to provide option like exposure to hedge LP positions and create leverage. However, V1 was limited by the capital efficiency of spot AMMs with stale pricing leading to continuous adverse selection.

GammaSwap V2 will be a prediction market for financial assets combining a CLOB and an AMM. Betting on binary outcomes like will BTC be up or down in 5 minutes? Will BTC stay within a certain price range?

Why launch binary contracts on financial assets? They are the proven retail friendly interface for option trading. No greeks. No liquidations. Higher leverage than 0DTE options.

We can support the original mission of GammaSwap while targeting a larger potential user base.

GammaSwap will launch the order book exchange first to support short duration crypto markets, expand to other assets and then launch the AMM. The AMM will leverage the order book to provide real time pricing and support liquidity by quoting at unique strikes and durations.

More in the blog post below 👇

[Richie | Doges.lens ⌐◨-◨ @twindoges]

@GammaSwapLabs Lezzgo

[GammaSwap @GammaSwapLabs]

✨Announcing the Transition from V1 to V2 ✨

TL;DR GammaSwap V1 proved AMMs could be used to provide option like exposure to hedge LP positions and create leverage. However, V1 was limited by the capital efficiency of spot AMMs with stale pricing leading to continuous adverse selection.

GammaSwap V2 will be a prediction market for financial assets combining a CLOB and an AMM. Betting on binary outcomes like will BTC be up or down in 5 minutes? Will BTC stay within a certain price range?

Why launch binary contracts on financial assets? They are the proven retail friendly interface for option trading. No greeks. No liquidations. Higher leverage than 0DTE options.

We can support the original mission of GammaSwap while targeting a larger potential user base.

GammaSwap will launch the order book exchange first to support short duration crypto markets, expand to other assets and then launch the AMM. The AMM will leverage the order book to provide real time pricing and support liquidity by quoting at unique strikes and durations.

More in the blog post below 👇

[Richie | Doges.lens ⌐◨-◨ @twindoges]

@crypto_linn @Rightsideonly @Aprilzz423 No AI can do that cool like Linn
lezzgo

[Richie | Doges.lens ⌐◨-◨ @twindoges]

@AmirOrmu Lezzgo hyperliquid:native

[Richie | Doges.lens ⌐◨-◨ @twindoges]

Yes Sir, there are pairs between different platforms in different networks.
Including I'm building smart router now that takes your conditional $ 1000 and distributes automatically between the platforms at the best price, you being users just push the BUY button

The very liquidity that provides the possibility of parlays does not depend on any network in any way, so we can add any predicate market with any clob/amm configuration without any difference.

[Richie | Doges.lens ⌐◨-◨ @twindoges]

The share of parlays is growing, which is inevitable given the size of the web2 market.
And we need to get defi parlays - @parlay_protocol
I'm building on the basis of the liquidity of all the predicated markets

We are the pioneers

[Richie | Doges.lens ⌐◨-◨ @twindoges]

@the_smart_ape Wow, that’s very unusual.
I quit on my own- it helped to just stop smoking by telling myself "no" every time I thought about a cigarette. It was similar to your hypnosis, but more like self-suggestion.
I haven't smoked for over 8 years now.

[Richie | Doges.lens ⌐◨-◨ @twindoges]

@thedefivillain Helped me think through and create a fully decentralized model for parlays on top of prediction markets - @parlay_protocol

Even with a solid math background, I probably wouldn’t have been able to account for everything on my own.

[Richie | Doges.lens ⌐◨-◨ @twindoges]

Prediction markets are the same kind of game as all financial markets. Even holders of fiat in traditional finance are always losing because of inflation. On perps and prediction markets, this redistribution of capital just happens faster because of higher risk and fewer participants.

I don’t understand why people even debate retail losses in finance. It’s basically a law, like conservation of energy in physics.

Energy, just like money, moves from one participant to another. Everyone who enters these markets accepts those risks, otherwise why be here at all?

[Richie | Doges.lens ⌐◨-◨ @twindoges]

The share of parlays is growing, which is inevitable given the size of the web2 market.
And we need to get defi parlays - @parlay_protocol
I'm building on the basis of the liquidity of all the predicated markets

We are the pioneers

[Richie | Doges.lens ⌐◨-◨ @twindoges]

@stacy_muur @GREEND0TS Great one

[Richie | Doges.lens ⌐◨-◨ @twindoges]

@stacy_muur Yep
Like memecoins, perps, trading, investing in defi projects

[Richie | Doges.lens ⌐◨-◨ @twindoges]

@the_smart_ape I switched a week ago, and my productivity immediately shot up a hundredfold. After several weeks of zero progress, I’m very happy with the transition.