Learning about EntropyFi’s gamified incentive model around lossless lottery prediction markets
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Prediction markets have been in place for quite some time already in DeFi. However, the way they’re setup entails that users take a loss on their principal whenever they make the wrong predictions. This model patterned after traditional prediction markets often results to poor user retention.
EntropyFi seeks to innovate upon this by combining lossless lottery with prediction markets to create a gamified incentive model that doesn’t penalize users for making the wrong prediction but is also able to reward correct users handsomely with amplified yields. With plans to provide pegged & bundled asset insurance markets, EntropyFi is definitely a platform that users must be paying attention.
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Degate, a Decentralized Layer 2 Exchange based on zk rollups. DeGate will offer secure order-book trading that is faster and cheaper than mainnet. Degate also offers a fast and efficient L1 – L2 Bridge, testnet is operating now. Try it HERE!
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One of Ethereum’s Leading L2s Boba Network closed a massive Series A funding deal to increase their team & grow their ecosystem with hackathons and more, click the image to learn more about how to get involved!
⚠️ DISCLAIMER: Investing in cryptocurrency and DeFi platforms comes with inherent risks including technical risk, human error, platform failure and more. At certain points throughout this post, we might get a commission for promoting certain projects, if this is the case we will always make sure it is clear. We are strictly an educational content platform, nothing we offer is financial advice. We are not professionals or licensed advisors.
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