We recently announced we’d be sunsetting the existing Veil product and doubling down on new ideas. We’d like to do a series of interviews with users (and would-be users) of crypto. Our goal with these interviews is to learn from the community and get feedback on some new products we’ve been developing.
These user interviews should last 45 minutes and will be done over video chat with at least one member of the Veil team. We’re happy to compensate you the equivalent of 0.1 ETH for your time in a currency of your choosing (or any token we can buy on Uniswap).
Ready to sign up? Please add your information here, and we’ll be in touch with you ASAP. Thank you.
We’re making some big changes at Veil, and we want to make sure our users and the broader community know what is happening.
The most important update is that our team has decided to sunset the Veil product. This was a tough decision to make, but ultimately we failed to find a good fit between what we were building and the market as it exists today. We believe that cryptocurrencies and the decentralized web will have profound effects on our future. But today the community of users is small, and we think there are higher impact products and services we…
Last week we opened up trading on new markets for the 2020 Democratic presidential nomination denominated in Dai. We also released a slimmed-down version of Augur to back these markets called AugurLite. There has been some confusion about exactly what AugurLite is and how it differs from Augur, so we decided to publish a follow-up piece to clarify.
To start, let’s talk about Augur. Augur is a prediction market protocol built on Ethereum with three important pieces of functionality: escrow, exchange, and resolution. Anyone can create a prediction market on any topic using Augur and escrow ETH in the market…
Two of the most common requests we get are support for Dai and markets on the 2020 US presidential election. Today we’re very excited to launch both. You can now bet on who will win the 2020 Democratic presidential nomination with Dai, Maker’s decentralized stable currency.
🇺🇸 Start trading now: https://veil.co/2020.
There are many venues for betting on politics, so why should you choose Veil? Here’s the short answer: Veil lets you bet as much as you want without paying high fees or giving up control of your money.
We’re getting very close to being able to show you all what we’ve been working on for the last few weeks. Keep an eye out for an announcement from us early next week. In the meantime, we’re going to highlight some of the popular markets on Veil right now.
You can now redeem your positions in the Will FC Barcelona win the Champions League 2019? market thanks to Veil’s Instant Settlement feature. Barcelona crashed out of the Champions League today after giving up a 3–0 lead on aggregate. The market, created by ditucripto, saw Barcelona’s chances trade as high as…
We’ve been heads down working on some longer-term features for the last couple weeks, so we don’t have many updates for you this week. That being said, we’re including a list of popular markets right now as well as the best performers on Veil from last week.
🇺🇸 Will U.S. Presidential Candidate Pete Buttigieg Have One Million or More Twitter Followers on May 1, 2019? Created by TheAugurEdge. We’d also recommend reading this post about how to create liquid prediction markets on Veil, which highlights this market.
We’re excited to share a new community-contributed Python library for interacting with Veil’s API! The library, pyveil, was created by Crypto Master. If you’re interested in running a Python-based market maker or programmatic trading strategy, go check out the new library. We also recommend reviewing the Veil API docs and our Typescript library, Veil.js. Nice job, Crypto Master!
Speaking of things built with the Veil API…#YangGang just launched! #YangGang is an app for predicting how many Twitter followers Andrew Yang, the US presidential candidate, will have in the future. The trick is that users get free cryptocurrency (in the form…
Last week we changed Veil’s trade fee structure. Any trade on Veil includes both a maker and a taker. The maker’s order is left on the order book, and the taker pulls the order from the order book by filling it. To encourage more liquidity, we’re removing the trading fee for market makers. Market makers now pay 0% fees!
There’s been a lot of buzz in the Augur community recently about invalid markets. These are markets that aren’t well-defined for a variety of reasons—they are subjective in nature or their outcome isn’t measurable when they expire, for instance. Invalid markets cause problems because users may interpret them differently or not realize errors until after they’ve taken a position. We’ve seen this happen multiple times on Augur already.
We fully support users creating their own markets—we think it’s one of the most exciting aspects of decentralized prediction markets and one of our favorite Veil features. But at the same time…
User profiles now show markets created by the user as well as activity (like buys and sells). Check out this profile as an example. You can also find profiles from the leaderboard, though keep in mind that many users choose to keep their profiles private and therefore don’t show up on the leaderboard.