We are thrilled to announce Polkamarkets’ partnership with Orion Protocol to provide decentralised liquidity provisioning to our prediction markets!
Polkamarkets is committed to bringing high-volume and high-liquidity prediction markets to the crypto space. We believe that in order to accurately predict the future through prediction markets, there needs to be deep liquidity and incentives for both traders and liquidity providers. We’ve built in tools and liquidity provisioning logic to help allocate and source liquidity in the most efficient and strategic manner possible with risk management tools such as high-slippage alerts. One of the key aspects of this partnership with Orion is liquidity sourcing, and that’s why this partnership is so important.
Decentralised Liquidity Sourcing
Orion Protocol is an exchange and liquidity aggregation platform that links all the most liquid DEXs and CEXs onto one unified trading platform. The ability to both source and combine liquidity is highly useful for traders and liquidity providers in the market.
Polkamarkets rewards and incentivises liquidity providers by rewarding them with 100% of the fees generated by the platform. In this sense, it can be very lucrative for a liquidity provider searching for yield on his liquidity. By teaming up with Orion Protocol, Polkamarkets opens up its liquidity provisioning market to a brand new cohort of liquidity providers. The result is that overall the platform will have more liquidity than before, meaning that it can more efficiently and effectively facilitate trades. As liquidity grows, so does trading volume and users. With that, a virtuous cycle begins and the end result is that the overall forecast given by any particular prediction market on Polkamarkets becomes more precise.
Together, we can see the future!
Tapping into the power of DeFi
One of the cornerstones of the Decentralised Finance movement is liquidity mining and yield from providing liquidity to active markets. Polkamarkets is creating a new category of market pairs for predictions in crypto spot prices, futures prices, Esports and Sports events, political events, and even things like weather. This allows active traders in the market to hedge against other positions they may have, or to just genuinely satisfy their curiosity about the future. With open and vibrant markets comes the opportunity to earn yield, and liquidity providers are the ones that make it all happen. That’s why this partnership with Orion Protocol will act as yet another catalyst that sees prediction market adoption grow at a rapid pace.
“We are very excited to be partnering with Orion Protocol to add liquidity and users to Polkamarkets. We see this partnership as a great way to augment the use of both of our platforms. Users on Polkamarkets can benefit from the added liquidity from Orion Protocol, and Orion’s users will be able to provide liquidity to a whole new category in prediction markets. Overall it’s a win-win that offers more value to both our communities.” — Ricardo Marques, Polkamarkets CEO.
“With Polkamarkets’ goal to create a new category of market pairs for predictions, substantial liquidity will be critical to their success. We’re very pleased to partner with Polkamarkets to bring boundless liquidity from across the digital asset market to their predictions market, and we look forward to even deeper collaboration.” — Alexey Koloskov, CEO of Orion Protocol.
About Orion Protocol
Built on the most advanced liquidity aggregator ever developed, Orion Protocol aggregates the liquidity of every single crypto exchange into one decentralized platform: providing a non-custodial gateway to the entire digital asset market. In doing so, Orion is building a protocol on which to bridge the worlds of crypto, traditional finance, and real-world assets.
Polkamarkets is a DeFi-Powered Prediction Market built for cross-chain information exchange and trading where users take positions on outcomes of real-world events–in a decentralized and interoperable platform based on Polkadot.