What Makes Entropyfi Prediction Mark Lossless?
Ethereum founder Vitalik once said:
Prediction markets have been underrated for various reasons. The high risk of losing money and paying high gas fees is stopping inexperienced market speculators from participating in the prediction market in DeFi. Entropyfi sees the problem and is changing the rules by making prediction markets completely lossless for active speculators in this volatile market. Meanwhile, if you are long-term bullish or bearish on the market, you can leave your deposits on Entropyfi, which will automatically enroll to the next rounds of games.
How?
Whether you are a player to a prediction market, or a sponsor to the pool, 100 % of your principal tokens will be supplied to Aave to generate interest when you deposit money to Entropyfi.
When the game ends, the interest generated from the players and sponsors’ principal will be distributed to the winners of the game.
Simply put, you are amplifying your yield with your prediction skills.
Like this:
Higher than base APY
One of the main advantages of using DeFi protocols like Aave is they offer significantly higher annual percentage yields (APY) than traditional savings accounts. However, with the same amount of money invested, the winners on Entropyfi are making more than what Aave offers.
About Entropyfi
Entropyfi is a decentralized lossless prediction market that strives to provide you with the most enjoyable experience with an elegant gaming mechanism. We encourage everyone to join the rapidly growing Entropyfi community as it creates the DeFi hub of the new prediction markets. Currently running on Kovan testnet, click here to claim testnet token.
