Augur has been out in the wild for less than 100 days, but talented devs around the world have already started building cool things on top of it.
This is a dual testament to the potential of Augur and Ethereum. For Augur, like any DApps built on Ethereum, all its transactions and contract logic are publically visible which makes it easy to extract data from it and build atop it. This creates network effects: the more devs build atop Augur, the greater the utility and ease of use of the platform, which in turn spurs more devs to contribute to the ecosystem.
Today, I’ll walk you through a few cool things built on Augur.
Note: If you’re new to Augur and prediction markets, you can get all caught up from my post, The Radical Potential Of Augur. And for timely trading insights, check out my monthly newsletter, The Augur Edge.
Predictions.Global is the first-in-class go-to for keeping tabs on Augur markets. Where Augur may fall short with its UI, Predictions.Global comes to the rescue by compiling straightforward but rich data. You can sort markets by traits such as most recently traded, liquidity, and creation date. For each market, you can get current bids and asks, market fees, reporter data and much more.
Pdot Index was inspired by an unusual question,
If we can track the performance of (and invest in) companies, why can’t we do the same for people?”
Pdot Index constructs portfolios consisting of Augur markets that track the success of various public figures like Lebron James and Ariana Grande. For example, Trump’s index is currently composed of seven different Augur markets including ones predicting whether or not he will be impeached and whether or not he will win a Nobel. As the odds of each constituent market go up or down, the price-weighted index adjusts accordingly.
Reporters.Chat is a hub to discuss reporting with fellow traders. Reporting is a communal, incentivized process by which Augur traders determine the outcome of a market e.g., whether or not “Dwayne Johnson Will Be Elected President” resolves YES, NO, or Invalid. Augur has no in-app chatting options (yet), so Reporters.Chat provides a venue where traders can hash out their views on market outcomes. Users sign their comments with MetaMask for added accountability and transparency. Reporting chatter also takes place on the Augur Discord.
Curious Giraffe, an analytics and data viz agency for DApps, has created an elegant panel to visualize Augur markets and usage. You can track everything from the number of orders created and filled to levels of REP spent on disputes. You can also find usage stats for Augur and other DApps on Dappradar.
Veil, currently in Alpha, is a peer-to-peer derivative exchange built atop Augur and 0x. Currently, it has two markets available, one speculating on the price of gas on Ethereum and one on the weekly price of Bitcoin. It aspires though to be a platform for speculating on any type of asset in the world. I’d keep an eye on this one…
A product of the recent ETH San Francisco hackathon, Augur Pro is a mobile-friendly interface that displays Augur market data. It shows price charts, American-style betting odds, ETH at stake and other stats.
Another Hackathon creation, Primotif lets investors get exposure to asset classes and indices like gold and FAANG stocks. It uses Set Protocol to create a basket of tokens which includes shares in Augur markets and dY/dX short tokens to hedge against ETH/USD volatility. It also uses 0x for exchange.
One of the most popular use cases for Augur at this point in time is speculating on future cryptocurrency prices. Augur Insider treats such contracts as options and provides data on volatility, pricing, and probability.
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