Drift Protocol Launches 'BET' Prediction Market
Drift launches BET, the first capital-efficient prediction markets platform on Solana, merging trading with real-world outcomes.
The Deets
- Prediction Markets: BET offers a unified platform for trading on global sentiment shifts.
- Yield: Users can earn yield from their positions.
- Supported Collateral: Trade with a variety of assets, not just USDC.
- Incentivized Markets: Earn 5x FUEL rewards for trading activity over the next two weeks.
The Bulk
Drift is expanding its offerings with the launch of BET, a new platform that introduces capital-efficient prediction markets to the Solana ecosystem. This new platform allows users to bet on the outcomes of global events, seamlessly integrating trading with real-world consequences.
BET takes advantage of Solana's speed and low transaction costs, making it an ideal platform for traders looking to capitalize on market predictions. With support for over 30 crypto assets, including yield-bearing stables like PyUSD and USDY, and liquid staking tokens (LSTs) from prominent projects like Jito, Marinade Finance, and Sanctum, BET offers unprecedented flexibility. Additionally, Drift’s existing $500 million+ liquidity pool ensures that traders have ample liquidity to back their positions.
For the next two weeks, all trading activity on BET will be rewarded with a 5x boost in FUEL, Drift’s loyalty reward system, which will soon be redeemable for various prizes within the Drift and Solana ecosystem.
🎬 Take Action
Jump into BET now and capitalize on the 5x FUEL boost while it lasts.
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