Fate Protocol is a decentralized, perpetual prediction market that operates continuously without expiration. It replaces traditional order books with a dual-vault system—where users buy and sell bullCoins and bearCoins—enabling speculation on market trends in a fluid, always-on ecosystem.
- Perpetual Market: No expiration dates; users can enter or exit positions at any time.
- Dual-Vault System: Separate vaults for bullCoins and bearCoins, eliminating the need for an order book.
- Dynamic Fee Structure: A fixed fee on every buy or sell transaction is used to balance the vaults.
- DistributeOutcome Function: Allows anyone to periodically adjust the reserves, ensuring fairness and transparency.
- Self-Balancing: As prices move, the bull vault “drains” the bear vault, and vice versa, keeping the system fluid.
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Buying bullCoins or bearCoins:
- Users can buy bullCoins or bearCoins to speculate on upward or downward price movements.
- A fixed fee from buying goes into the corresponding vault (e.g., bullCoin purchases boost the bull vault).
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Selling bullCoins or bearCoins:
- When selling, the fee is transferred to the opposing vault (e.g., selling bullCoins sends fees to the bear vault).
- This mechanism ensures continuous rebalancing of funds between the two vaults.
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DistributeOutcome Function:
- Anyone can execute this function to periodically adjust the reserves based on current market conditions.
- This helps maintain a fair balance and prevents any single entity from dominating the market.
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Perpetual & Autonomous:
- The protocol runs indefinitely, without expiration dates on markets.
- It relies on transparent smart contracts, removing the need for centralized intermediaries.