Jonathan Stoker
Feb 01, 2024, 15:20pm
101 views
Prediction Market Zeitgeist Unveils DLMSR-Based AMM: Protocol Village Update
Zeitgeist Launches Innovative Prediction Market dApp
On February 1st, Zeitgeist launched its Dynamic Logarithmic Market Scoring Rule (DLMSR) based automated market maker (AMM). The team cites this as a substantial progression in the blockchain prediction market. They employed a dynamic liquidity model not previously seen in the industry. The DLMSR model marks the first application of its kind in blockchain technology. It improves upon market creation and liquidity provision flexibility and revamps operational dynamics. This is achieved by lowering slippage, significantly enhancing trading efficiency and profitability, particularly in large-scale trades.
WOOFi Launches on Mantle Network
Also on February 1st, 
WOOFi, a decentralized exchange (DEX) based in Saint Vincent and the Grenadines, was launched on the Mantle Network. Mantle Network is an 
Ethereum$2,315 -2.42% layer-2 scaling solution. According to the team, this makes WOOFi one of the first protocols to facilitate LayerZero-powered cross-chain swaps into Mantle from eight leading chains, including Arbitrum, 
Optimism$3.67 -1.41%, and Avalanche. Mantle's Monthly Active Users (MAU) reached 370k in January 2024, after the launch of Layer Swap Protocol (LSP). Ben Yorke, VP of Ecosystem, anticipates that this rise is driven by easier access to mETH, with WOOFi instrumental for its highly efficient cross-chain swaps, which account for 3.7% of LayerZero transactions.
How do you like the article?
Join the discussion on
You may also like