The DeFi protocol recently announced that its predictions market is now available on the Ethereum Layer-2 network Arbitrum. The PancakeSwap\u2019s Prediction Market on Arbitrum will incorporate a price feed powered by Allora, a decentralized AI network.<\/p>\n
Users can participate by betting on the AI\u2019s predictions, choosing to either go with it or against it. At the end of each round, participants will receive token rewards from a designated prize pool.<\/p>\n
According to the PancakeSwap team, the AI will not bet against users. Therefore, a follow bet indicates that the user trusts the AI’s prediction, while the opposite indicates that the user chooses to rely on their own judgment regarding the price movement.<\/p>\n
These tokens are part of the 450,000 ARB grant that the project received through the Arbitrum Long-Term Incentive Pilot Program. The first supported token for this market is ETH, with a 3% fee applicable to the total pool.<\/p>\n
PancakeSwap intends to use a portion of these fees in a buyback and burn program, while the remaining funds will be allocated to the treasury for future marketing and development initiatives.<\/p>\n","protected":false},"excerpt":{"rendered":"
The DeFi protocol recently announced that its predictions market is now available on the Ethereum Layer-2 network Arbitrum. The PancakeSwap\u2019s Prediction Market on Arbitrum will […]<\/p>\n","protected":false},"author":1,"featured_media":2289,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[709],"tags":[],"class_list":["post-2290","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-pancakeswap"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/cryptogoldex.com\/index.php\/wp-json\/wp\/v2\/posts\/2290","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cryptogoldex.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cryptogoldex.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cryptogoldex.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/cryptogoldex.com\/index.php\/wp-json\/wp\/v2\/comments?post=2290"}],"version-history":[{"count":0,"href":"https:\/\/cryptogoldex.com\/index.php\/wp-json\/wp\/v2\/posts\/2290\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cryptogoldex.com\/index.php\/wp-json\/wp\/v2\/media\/2289"}],"wp:attachment":[{"href":"https:\/\/cryptogoldex.com\/index.php\/wp-json\/wp\/v2\/media?parent=2290"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cryptogoldex.com\/index.php\/wp-json\/wp\/v2\/categories?post=2290"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cryptogoldex.com\/index.php\/wp-json\/wp\/v2\/tags?post=2290"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}