Maker

Zeitgeist

<h4>Zeitgeist Debuts DLMSR-Based Market Maker for Blockchain Prediction Markets</h4>
Zeitgeist, a developer of decentralized prediction market solutions, has announced the introduction of a new automated market maker (AMM) based on the DLMSR (Dynamic Logarithmic Market Scoring Rule). This development introduces a mechanism for dynamic liquidity in the blockchain prediction market, offering a novel approach not previously available in the sector.
The DLMSR model marks a significant application of blockchain technology, aiming to improve market creation and liquidity provision flexibility. It seeks to reduce slippage, potentially enhancing trading efficiency and outcomes, especially in larger transactions. This method could influence the operational dynamics of blockchain-based prediction markets.
Compared to the traditional CPMM (Constant Product Market Maker) model, Zeitgeist's DLMSR model aims to reduce slippage, which could lead to better trading results in markets with significant imbalances. This reflects Zeitgeist's focus on innovation and improving the decentralized prediction market user experience.
<a href="https://financefeeds.com/wp-content/uploads/2024/01/graphic.png" rel="noopener noreferrer nofollow"><img class="aligncenter wp-image-54804 size-full" src="https://financefeeds.com/wp-content/uploads/2024/01/graphic.png" alt="" width="1600" height="952"></a>
Zeitgeist positions itself as a foundational protocol for prediction market applications, offering the technology behind its new AMM for integration by any prediction market platform that wishes to use the Zeitgeist protocol. This move could extend the application of this technology within the prediction market space.
Zeitgeist encourages exploration of its new LMSR-based AMM, which is available on its <a href="https://app.zeitgeist.pm" target="_blank" rel="noopener noreferrer nofollow">platform</a>.
<h4>About Zeitgeist</h4>
Zeitgeist is active in the blockchain industry, focusing on the development of prediction markets. With an emphasis on decentralized forecasting, Zeitgeist aims to provide advanced solutions in the blockchain field.

Exploring Zeitgeist's DLMSR-Based Market Maker in Blockchain Prediction Markets

FinanceFeeds

Other articles published on Feb 1, 2024

What is Mdex Coin?

Binance launches marketplace focused on Ordinals protocol

FTX Scraps Relaunch, Promises Full Customer Repayment (But There’s a Catch)

Bitcoin (BTC) Accumulation Trend Score Hits 3-Year High: Details

Ramp Network Adds TELOS Token to Its Global On-Ramp Network

DATA.BET Supercharges Esports Data with GRID Partnership

Join our free newsletter for daily crypto updates!