Ethereum

PancakeSwap

Arbitrum

DeFi

<p class="is-style-lead">PancakeSwap, a decentralized multichain trading protocol, has officially unveiled a new AI-powered predictions market.</p>
<p>The DeFi protocol revealed in an announcement on Wednesday, June 26 that the predictions market is now on Ethereum Layer-2 network Arbitrum. PancakeSwap’s Prediction Market on Arbitrum will feature a price feed powered by Allora, decentralized AI network.</p>
<p>“Following the success of our Swap, Yield Farming, Syrup Pools, Perpetuals, and Options Trading features, this expansion signifies our commitment to delivering a wide array of functionalities to our diverse user base on Arbitrum,” the protocol said in a <a href="https://blog.pancakeswap.finance/articles/pancake-swap-introduces-ai-powered-prediction-market-on-arbitrum-up-to-100-fund-protection-and-launching-60-000-arb-campaign?utm_source=socials&amp;utm_medium=announcement&amp;utm_campaign=Arbitrum&amp;utm_id=PredictionLaunch" target="_blank" rel="noopener noreferrer nofollow">blog post</a>.</p>
<h2 class="wp-block-heading" id="predict-price-movements-to-earn-token-rewards">Predict price movements to earn token rewards</h2>
<p>PancakeSwap’s predictions market will allows users to forecast price movements of cryptocurrencies such as Ether (ETH) every 10 minutes.</p>
<p>Users will bet on the AI’s prediction, either going with it or against it. At the end of each round, participants will earn token rewards from a given prize pool.</p>
<p>According to the PancakeSwap team, the AI will not bet against users. In this case, a follow bet means the user trusts the AI prediction. The opposite means the user chooses to trust their own judgment on whether the price will fall or rise.</p>
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   <p lang="en" dir="ltr">🐰PancakeSwap’s AI-Prediction Market is now live on <a href="https://twitter.com/arbitrum?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">@Arbitrum</a>, powered by <a href="https://twitter.com/AlloraNetwork?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">@AlloraNetwork</a><br><br>🔮 Predict <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$ETH</a> price movements to win a share of the prize pool<br><br>🎁9-week campaign with 60,000 ARB in rewards<br>🛡️Up to 100% Fund Protection<br><br>👉Predict, compete, and win on PancakeSwap… <a href="https://t.co/wYjDfCy8Tu" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/wYjDfCy8Tu</a></p>— PancakeSwap v4🥞 (@PancakeSwap) <a href="https://twitter.com/PancakeSwap/status/1805952203418669395?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">June 26, 2024</a>
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<h2 class="wp-block-heading" id="pancakeswap-offers-60-000-arb-promotion">PancakeSwap offers 60,000 ARB promotion</h2>
<p>At it marks the the successful launch, PancakeSwap has announced a 9-week campaign that will offer a reward pool of 60,000 ARB tokens. These tokens are from the 450,000 ARB grant the project got via the Arbitrum Long-Term Incentive Pilot Program.</p>
<p>As noted, the first supported tokens is ETH and a 3% fee will apply to the total pool. PancakeSwap plans to use a portion of these fees in a buyback and burn program, while the rest goes to the treasury for use across future marketing and development initiatives.</p>

PancakeSwap launches AI-powered predictions market on Arbitrum

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