| id | Title | Status | Author | Description | Discussions to | Created |
|---|---|---|---|---|---|---|
| TIP-174 | Chained Speed Markets | Voted in | Danijel | Add Chained Speed Markets | 2023-10-02 |
Add Chained Speed Markets to SpeedMarketsAMM
SpeedMarkets saw massive early success with over 350k in Volume in the first month of running, over 250 unique users and 4000 markets created, with a positive PnL all along.
The initial Speed Markets TIP already mentioned chained speed markets as a concept, but this TIP aims to formalize and nail down the specification for it.
A Chained Speed Market can be created with a minimum of 2 consecutive price predictions and a maximum of 6. Both are variables that can be changed.
In a Chained Speed Market the user aims to predict sequential price movements, each relative to the previus one, for a leveraged payout.
The payout multiplier is 1.9x.
Minimum timeframe between markets is 10 minutes.
Time is noon UTC. BTC is $30,000 at the time of creation. A user creates a Chained Speed Market with the following prediction:
- UP
- DOWN
- UP
- UP
- DOWN
- DOWN
User buys in with $10. His potential winning is 1.9x to the power of 6 = 47.01x => $470. Timeframe is 10 minutes.
- At 12:10pm price is $30,100. The user has guessed first round correctly. The market proceeds to next round with the new price of $30,100.
- At 12:20pm price is $30,050. The user has guessed second round correctly. The market proceeds to next round with the new price of $30,050.
- At 12:30pm price is $30,030. The user has not guess third round correctly. The market is resolved in favor of the AMM.
- minChainedMarkets = 2
- maxChainedMarkets = 6
- payoutMultiplier = 1.9
- minTimeFrameForChainedMarkets = 10 minutes
- maxProfitPerIndividualMarket = $500
Copyright and related rights waived via CC0.