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103 sats \ 1 reply \ @itsTomekK 11 Mar \ on: PREDYX is looking for funding. lightning

Good luck!

Few typical questions:

  • What's the business model, trading fees?
  • What's the traction so far
  • What stage are you raising and how much?
  • Are you building a protocol or a company?
  • What's the plan to combat liquidity fragmentation?
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2 sats \ 0 replies \ @mega_dreamer OP 12 Mar

Thanks!

What's the business model, trading fees?

Trading fees and market maker

What's the traction so far

229% user growth with 1.38 BTC trading volume in the last month. Over 2.2k total users.

Are you building a protocol or a company?

Initially priority a company or to grow user-base, and a protocol later when smart-contract becomes viable on Bitcoin or Lightning. We've been playing around with cashu and spark for tokenized assets (for YES/NO shares) but none offers fully self-custodial solution. However there's some hope with @joemphilips's conditional token on cashu: https://github.com/cashubtc/nuts/pull/337

What's the plan to combat liquidity fragmentation?

We believe CDA will solve a a lot of fragmented liquidity problem. We're building a hybrid CDA (can't divulge too much details - due to propriety algo), to be released within a month or two. You can experience the difference then, where smart money will automatically move to high demand markets with high volume.

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