Algo AMM overview: Automated Prediction Market Maker on Algorand

Algo AMM overview: Automated Prediction Market Maker on Algorand

By Dspyt | BlockChain Tech | 2 Sep 2022


The application lets people trade on the outcomes of events, and follow the odds to garner accurate insights about the future. Users buy or sell Voting Shares, which can be redeemed for 1 unit of the stable asset if the outcome is resolved as correct, and become worthless if it’s incorrect. The core feature of the app is that we protect the owners of outcome shares by keeping the reserves of stable assets, primarily in case of liquidity drain.

The goal is, by harnessing the power of free markets to aggregate collective knowledge and provide the general public with an unbiased source of truth in regards to the likelihood of certain significant events happening in the future.

GitHub repository: https://github.com/dspytdao/Algo_AMM

We wrote contract for Prediction Market Constant Function Automated Market Maker with the help of PyTeal and Py-algorand-sdk.

The front end application is written with react and vite.

The repository for the Front-End is available here: https://github.com/dspytdao/algo-amm-frontend

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Dspyt
Dspyt

Data Science with Python and blockchain DAO. We cover econometrics, python programming, blockchain technology and many more topics. https://dspyt.com


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