Predyx Just Got Bigger: User-Created Markets Are Live \ stacker news ~oracle

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Predyx Just Got Bigger: User-Created Markets Are Live

5345 sats \ 45 comments \ @Team_Predyx 17 Sep oracle

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

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292 sats \ 6 replies \ @Coinsreporter 17 Sep

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

93 sats \ 1 reply \ @mega_dreamer 17 Sep

Yes - its the first user created market on Predyx. Congrats!!

0 sats \ 0 replies \ @Coinsreporter 17 Sep

Thanks.

76 sats \ 3 replies \ @grayruby 17 Sep

Easy money. Those suckers have no hope

40 sats \ 2 replies \ @Coinsreporter 17 Sep

Very easy money, right. They don't even have ....... to buy share of their team at less than 30%.

21 sats \ 1 reply \ @grayruby 17 Sep

How does it work? Do you have to provide liquidity when you create a market?

40 sats \ 0 replies \ @Coinsreporter 17 Sep

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.

239 sats \ 3 replies \ @grayruby 17 Sep

How will you police the user created markets to ensure the correct result is validated?

91 sats \ 2 replies \ @BlokchainB 17 Sep

Yeah this will be key! To stop scamming

202 sats \ 1 reply \ @mega_dreamer 17 Sep

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.

20 sats \ 0 replies \ @BlokchainB 17 Sep

Interesting

137 sats \ 1 reply \ @Wumbo 17 Sep

0 sats \ 0 replies \ @BlokchainB 17 Sep

Hahaha

208 sats \ 1 reply \ @SimpleStacker 17 Sep

That is a really neat feature! Kudos to your team. I am not much of a gambler but I think this is cool.

30 sats \ 0 replies \ @Team_Predyx OP 17 Sep

Thank you so much for the appreciation.

211 sats \ 0 replies \ @emre 17 Sep

It is awesome to see everyone is excited about new features! Thanks for your all kind messages. We'll make the Predyx better!

175 sats \ 1 reply \ @Undisciplined 17 Sep

I’ll definitely be playing around with this later.

42 sats \ 0 replies \ @Team_Predyx OP 17 Sep

Sure. We'll wait. Your input is very valuable for us.

40 sats \ 1 reply \ @Coinsreporter 17 Sep

@grayruby Can you please tell me when we are gonna get the final results for Team USA vs The World?

21 sats \ 0 replies \ @grayruby 17 Sep

At the end of the year.

501 sats \ 4 replies \ @ken 17 Sep

So cool! Is there any way to edit the description after posting a market?

10 sats \ 1 reply \ @emre 17 Sep

Now you can change end time or description!

0 sats \ 0 replies \ @ken 17 Sep

Great!

0 sats \ 1 reply \ @Team_Predyx OP 17 Sep

No not now but we'll possibly have it soon.

0 sats \ 0 replies \ @ken 17 Sep

Right on, thanks.

552 sats \ 6 replies \ @south_korea_ln 18 Sep

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?

310 sats \ 5 replies \ @mega_dreamer 18 Sep

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:

If you're creating the market with the intention to make profit from liquidity provided, then either you must increase the fees. Max fees allowed on Predyx is 5% for each buy/sell/win. Or you will have to proactively trade on your market to cover the liquidity subsidy.
If you're creating a market to elicit any valuable information that you might not be able to get from traditional media source, consider you liquidity as cost of seeking the valuable information.

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.

72 sats \ 0 replies \ @south_korea_ln 18 Sep

Very useful, thank you!

0 sats \ 3 replies \ @Wumbo 20h

If you're creating the market with the intention to make profit from liquidity provided, then either you must increase the fees. Max fees allowed on Predyx is 5% for each buy/sell/win. Or you will have to proactively trade on your market to cover the liquidity subsidy.

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

10 sats \ 2 replies \ @Team_Predyx OP 17h

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

0 sats \ 1 reply \ @Wumbo 17h

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.

10 sats \ 0 replies \ @Team_Predyx OP 16h

Yes, there are some inconsistencies in the notifications. We're working on it.

151 sats \ 0 replies \ @WeAreAllSatoshi 17 Sep

Wow this is so cool!

51 sats \ 2 replies \ @cascdr 18 Sep

@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

42 sats \ 0 replies \ @CHADBot 18 Sep

You have summoned CHADBot. Please zap this post 21 sats to receive service.

Made with 🧡 by CASCDR

0 sats \ 0 replies \ @CHADBot 18 Sep

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

51 sats \ 2 replies \ @0xbitcoiner 17 Sep

That's next level. Does this feature exist anywhere else?

87 sats \ 1 reply \ @Team_Predyx OP 17 Sep

No, not on any Bitcoin and LN powered sites.

0 sats \ 0 replies \ @0xbitcoiner 17 Sep

Awesome. Congrats!

0 sats \ 5 replies \ @ACYK 19 Sep

What are Predyx’s fees on the user created markets?

30 sats \ 4 replies \ @Team_Predyx OP 19 Sep

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.

0 sats \ 3 replies \ @ACYK 19 Sep

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

0 sats \ 2 replies \ @Team_Predyx OP 19 Sep

So Predyx's cut comes from the initial liquidity depending on the outcome?

No, we don't charge anything out of liquidity.

Learn more about liquidity here #1226853

sell fee, buy fee, win fee

aka. trading fees

Predyx extracts a 5% of this as platform fee currently.

0 sats \ 1 reply \ @ACYK 19 Sep

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?

100 sats \ 0 replies \ @Team_Predyx OP 19 Sep

Absolutely.