The post D8X debuts leveraged Polymarket markets amid a flurry of launches appeared on BitcoinEthereumNews.com.

As far as expressions of crypto mentality go, leverage and prediction markets are about as pure as they come. Luckily, protocols are now marrying the two — enabling traders to ramp up bets on Polymarket outcomes using borrowed crypto capital. Onchain perp platform D8X, which runs on Polygon zkEVM, X Layer and Arbitrum, is the latest. It launched five leveraged orderbook markets based on Polymarket data, D8X told Blockworks exclusively. Development of the markets was first made public in July. D8X itself is a white-label engine for managing perpetual futures markets onchain. While the Switzerland-based team behind the protocol, Quantena AG, offers a lite front-end, D8X is intended to be the technological and liquidity backbone that drives perp DEX apps built by others, similar to the Synthetix value prop. Four front-ends currently use the D8X engine, which as of today includes the new leveraged prediction orderbooks: that Trump or Harris will win the US election, that Walz will be the DNC VP nominee, that the 49ers will win the next Super Bowl and that Inside Out 2 will be the highest grossing movie of 2024. To mitigate risk, leverage, fees and slippage are all dynamically scaled to the state of the underlying Polymarket. Closer odds means lower leverage limits, as the market is at its riskiest for the protocol when bettors are split 50/50. Fees also operate on the same principle.  So, a Trump win traded for $0.484 — almost even odds — which converted to 2x maximum leverage during a live demo of the market on OCTOFI earlier this morning. 1x leverage would’ve cost 26.65% in fees, going up to 39.12% for 2x leverage. Read more: Unpacking a potential Polymarket ‘ban’ Polymarket meanwhile prices bets for Inside Out 2 grossing the most of any film this year at $0.88,…

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Filed under: News - @ September 24, 2024 2:27 pm