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As the project is relatively new, please review our disclaimer
YOLOrekt is a decentralized short-term prediction exchange. In its first iteration, users will be able to predict whether the final price will end up above or below a strike price and place bids on the outcome. Liquidity on YOLOrekt is provided by decentralized liquidity pools that are backed by liquidity providers. In order to enable decentralized liquidity provider (LP) pools, YOLOrekt uses a utility token called YOLO. This allows YOLOrekt to solve a number of issues concerning in-game liquidity and incentivizes liquidity providers by allowing LPs to stake YOLO tokens directly into the game liquidity pool and lock in tokens for additional rewards and privileges.