CandleFocus Leveraged trading for Polymarket prediction markets arrive to subdued initial open interest
2024-09-27
Author: Content Editor
Leveraged Prediction Markets for Polymarket betting have been launched on the Polygon mainnet through the D8X exchange. Traders can interact with the markets through front ends such as FreelyPerps, OctoFi, and DefiSaint using their crypto wallets. Users can place leveraged bets on events like the 2024 U.S. presidential election and the Super Bowl in 2025. Other protocols, including SynFutures, dYdX, and Injective, are also launching or planning leveraged prediction market products. D8X, an institutional-grade decentralized exchange for derivatives, addresses risk management in prediction markets by employing dynamic leverage, fees, and slippage. The new product utilizes Polymarket spot feeds as input. D8X plans to incorporate all Polymarket feeds across various sectors. The Leveraged Prediction Markets will roll out to other platforms such as Polygon zkEVM and X Layer. The platform aims to build "incorruptible financial machines" that can be used by traditional financial institutions.
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