Hi stackers,
We're so delighted to announce that we have just achieved another milestone - A big one!
User-Created Markets Are Live Now
All our users can now create new markets on Predyx.
The Creator Dashboard is very easy to navigate. Most of us already using Predyx should be able to create new markets with ease. Still, if you face any difficulty or need some help, I and team predyx is always available.
If you have any question regarding the 'Creator' feature, please feel free to ask in the comments below.
A tutorial post on 'How to Create New Markets on Predyx' will be up very soon...until then...
Create.Predict.Stack.Win.
@Undisciplined, @south_korea_ln, @Coinsreporter, @grayruby @OT @NEEDcreations @denlillaapan @BlokchainB
Maybe I missed it somewhere, but what happens to the bootstrap liquidity after resolution of the market? Send it back to the market creator who provided the initial liquidity?
In LMSR the initial bootstrap liquidity is basically worst-case-loss (WCL). That's why its known as Liquidity Subsidy.
For example the market (Kash Patel) you created with 20k sats as liquidity and with the win probability of 15%.
Your initial cost = Global WCL = 37,943 sats.
What this means is, if NO wins, your market will incur a loss of 3251 sats, and if YES wins, your market will incur a loss of 37943 sats.
Best case loss:
If NO wins, you will receive 37943 - 3251 = approx 34,692 sats + fees collected.
Worst case loss:
if YES wins, you will receive 37943 - 37943 = approx 0 sats + fees collected.
The default market fees are very low at this time (buy: 0.45%, sell: 0.35%, win: 0.20%), and with current volume it will be very difficult to make profits from the liquidity provided.
My suggestion:
Our current solution to deal with creators loss, due to low volume is to add the tipping functionality for creator to cover for the losses. When the trader of your market will rate your resolution, they will have the opportunity to tip the creator to cover the loss or possibly make more profits. At the time of rating, your trader will be able to see creators profit/loss from liquidity/fees. And make a moral judgement to tip or not.
Very useful, thank you!
Where does the creator see the fees collected for a market?
My Market (https://beta.predyx.com/market/auburn-vs-oklahoma-september-20th-2025-1758192371) has resolved but I didn't see any notification or transaction in regards to fees.
I believe I set the fees to 5% for all three types.
@Team_Predyx
Please find the details on fees about your current and previous markets under creator dashboard - from the same where you created the market.
https://beta.predyx.com/creator
I click on "request payout" yesterday and have not seen any change.
What time frame should we expect for the manual review?
Hey @Wumbo our dev has some family emergency. He'll take care of it tomorrow. From next week, we'll automate the market refunds - then you'll not have to worry about requesting and waiting.
Thanks for the update.
Thanks, for me that part of the page took a "while" to load. Which is why didn't see it.
Different topic - I think there might be a slight notification bug.
I got 14 notifications after creating one market.
Yes, there are some inconsistencies in the notifications. We're working on it.
So cool! Is there any way to edit the description after posting a market?
Now you can change end time or description!
Great!
No not now but we'll possibly have it soon.
Right on, thanks.
Damn! This is so cool, so awesome.
Here we go!
Just created USA vs The World, hardly took me 5 minutes!
C'mon my mates and darling foew!
Let's play a game for a game!
Team USA
@Undisciplined @darkstacker @siggy47 @TNStacker @realBitcoinDog @BlokchainB @supercyclone @WeAreAllSatoshi @Aardvark @fishious
Team International
@Coinsreporter @IamSINGLE @suraz @Carresan @TheMorningStar @Public_N_M_E @grayruby @User21000000 @MANI @HardMoney
Is it the first user created market on Predyx? @Team_Predyx @mega_dreamer
Easy money. Those suckers have no hope
Very easy money, right. They don't even have ....... to buy share of their team at less than 30%.
How does it work? Do you have to provide liquidity when you create a market?
Yes, there's minimum 1000 sats liquidity. I went with 2000 but it seems like it's not much because odds are moving too fast.
Yes - its the first user created market on Predyx.
Congrats!!
Thanks.
How will you police the user created markets to ensure the correct result is validated?
Yeah this will be key! To stop scamming
Short-term:
At this point if time it is reputation based - the only way to police is to give ratings like (5 star or 1 star) on the resolution of the market. Always be wary of new user created markets.
Long-term:
Meanwhile, I've been working on non-custodial markets, once I achieve some success, we'll add oracle functionality to market resolutions.
My initial plan is to have few (around 21) trusted oracles on Predyx like @grayruby, @Undisciplined and yourself @BlokchainB and more. The market resolution must receive at least 11 oracle's vote for it to resolve.
Interesting
That is a really neat feature! Kudos to your team. I am not much of a gambler but I think this is cool.
Thank you so much for the appreciation.
It is awesome to see everyone is excited about new features! Thanks for your all kind messages. We'll make the Predyx better!
I’ll definitely be playing around with this later.
Sure. We'll wait. Your input is very valuable for us.
Wow this is so cool!
Hahaha
That's next level. Does this feature exist anywhere else?
No, not on any Bitcoin and LN powered sites.
Awesome. Congrats!
@CHADBot /shill weigh in on this post as Code Monster Billy Rampage - a bitcoin software developer that is as bullish as you can possibly be on bitcoin & has fully dissociated and talks and acts like Macho Man Randy Savage
You have summoned CHADBot. Please zap this post 21 sats to receive service.
Made with 🧡 by CASCDR
Code_Monster_Billy_Rampage: Ooh YEAH, dig it @Team_Predyx! You're climbin' the mountain. Allowing user-created markets? Now that's the madness I'm talking about! The Macho Man is seeing the future and it's named Predyx! I'm seeing you flexing those capabilities. Just like the tower of power, too sweet to be sour, funky like a monkey, the sky's the limit and space is the place! I'll be right there, ready to drop the elbow of innovation! Let's build new markets and let the crypto flow! The madness is ready! Step into the squared circle of creation, 'cause the Savage-beast is ready to STACK, WIN, and TAKE it to the moon! Ooh YEAH!!!
Made with 🧡 by CASCDR
@grayruby
Can you please tell me when we are gonna get the final results for Team USA vs The World?
At the end of the year.
What are Predyx’s fees on the user created markets?
Predyx does not charge any fee for the creation of market. However the creator is required to put in a minimum of 1000 sats as liquidity.
So when the creator of the market is setting the fees (sell fee, buy fee, win fee) those go to the creator of the market and no fees on top go to Predyx? So Predyx's cut comes from the initial liquidity depending on the outcome? Is Predyx getting the losing side of the market's initial liquidity, and my hope would be I make that back in the fees I set? Or am I misunderstanding? Thanks
No, we don't charge anything out of liquidity.
Learn more about liquidity here #1226853
aka. trading fees
Predyx extracts a 5% of this as platform fee currently.
So the initial liquidity is essentially just the market creator placing an initial bet, on both sides (or all options for a multiple outcome market) at the initial odds they are setting for each outcome. So for a binary market, lets assume the creator sets the odds at 80% for yes and 20% for no. The maximum loss would be if someone bought up all of the "no" shares and won (the outcome was "no"), and nobody bought any of the "yes" shares, the creator would would effectively have just lost their "yes" bet, and be out ~80% of the initial liquidity. Is that correct?
Absolutely.