Introducing Polars: The new DeFi concept for the Prediction Market.

Polars.io
Polars.io
Mar 12 · 5 min read

Meet the innovative Polars platform that opens up a new DeFi concept to the prediction markets.

In order not to take up a lot of your precious time, in this article we will not deeply describe the market research, problems, solutions and other conceptual torments that we had to face when developing the Polars concept. We will write about this in separate articles, which will be available to those users who will have enough free time for this. In this article we will try to describe as briefly and intelligibly as possible the basic concept and ideas of the Polars platform.

Introducing Polars: The new DeFi concept for the Prediction Market.

Base concept

Let’s summarize the basic concept of Polars as simply as possible in 10 points:

  1. There are two polar tokens.
    The first polar tokens created on the Polars platform are BLACK and WHITE tokens. For the convenience of perceiving information, below we will use these polar tokens (BLACK and WHITE) as an example.

Consequently, users buy, sell, exchange and hold polar tokens based on the predictions they make in relation to those events that affect the price of polar tokens.

Example

For a maximum understanding of the mechanics of polar tokens, we propose to consider an illustrative example:

  • Initial price of WHITE token: $0.56

As we can see, the asset value of the user who bought BLACK tokens has grown and now he has several options for further actions:

  • Sell ​​BLACK tokens and fix the profit.

In fact, there are many more options for action and various strategies to increase efficiency than described above, but we will talk about them in our next articles.

As you can see, this polar tokens model solves one of the main problems of the prediction market — the lack of liquidity and trading volume. Within the framework of one pair of polar tokens, the interests of many user groups intersect at each moment of time, so the liquidity for buying and selling should presumably be more than enough to carry out impressive trading volumes on the platform.

Additionally, as part of the Polars concept, we have implemented quite a few mechanics that expand the opportunities for earning various groups of users. In addition to making money on forecasts, users will be able to earn as liquidity providers. Thanks to the unique secondary pool design, there are many profitable arbitrage opportunities due to the absence of slippage, and the risk of Impermanent Losses is eliminated for liquidity providers.

Users will be able to receive additional rewards in management tokens for carrying out various activities on the Polars platform: making a trading volume, making a trading volume by referrals, participating in voting on the platform, providing liquidity of polar tokens.

30% of all commission fees of the Polars platform are distributed among the Advanced Users. 20% of the fees are sent to the base pool, increasing the security of polar tokens, which increases their total value. The remaining 50% of commission fees are shared by liquidity providers. We will write about how the Polars platform is technically arranged in subsequent articles, within the framework of this article, our task is to analyse the basic concept of polar tokens.

Multi-chain development

Another important feature of Polars is multi-chain development. To begin with, we are launching the platform on the Ethereum network and Binance Smart Chain. Further, according to the plan, the platform is being deployed in the Polkadot network, as well as in other networks compatible with Ethereum EVM. This will allow users to choose a network in order to optimize commission fees and allocate liquidity according to the number of users and their activity in different networks.

Polars

The new DeFi platform for creating secure polar tokens, the price of which depends on the results of specific external events. Within the POLARS platform, users can buy, sell and exchange polar tokens, as well as participate in the distribution of the platform’s commission income.

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Polars Platform

The new DeFi concept for the Prediction Market

Polars Platform

The new DeFi platform for creating secure polar tokens, the price of which depends on the results of specific external events. Within the POLARS platform, users can buy, sell and exchange polar tokens, as well as participate in the distribution of the fees income.

Polars.io

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Polars.io

Polars.io — The new DeFi concept for the Prediction Market.

Polars Platform

The new DeFi platform for creating secure polar tokens, the price of which depends on the results of specific external events. Within the POLARS platform, users can buy, sell and exchange polar tokens, as well as participate in the distribution of the fees income.

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