- D8X Launches Leverage for Polymarket Betters
- These launches came despite risk management concerns.
- The D8X claims to be a unique model that avoids risk.
From endless praise from Ethereum co-founder Vitalik Buterin to mentions in major media outlets, 2024 is shaping up to be a year of explosive growth for Polygon-based prediction market Polymarket, as the platform gains traction ahead of the 2024 US presidential election.
In the wake of Polymarket’s success, in July 2024, Polygon zkEVM, OKX’s X Layer, and Arbitrum’s decentralized exchange D8X unveiled plans to make their platforms potentially more exciting for leveraged degens. Despite questions about the practicality of these features from a risk management perspective, D8X launched the product.
D8X Launches Leveraged Prediction Market Based on Polymarket
D8X Launches Leverage for Polymarket Bets On Tuesday, September 24, D8X announced that its leveraged prediction market built on Polymarket is now live, allowing users to bet on everything from politics, sports, entertainment, and more using the frontend supported by D8X.
The launch comes despite concerns about how traders can manage their risk, as the unique nature of prediction markets means that users’ positions can instantly crash to zero when a news event occurs.
To address these concerns, D8X claims to use “dynamic leverage, dynamic fees and slippage” without going into detail about what this actually means to users.
Dailycoin At the time of this writing, D8X is not available for comment.
Ideally, a perpetual futures contract would allow a polymarket bettor to double down on their conviction or hedge their position.
Read more about Polymarket:
Polymarket Mulling Token Launch for New Fundraising: Is the Time Here?
See how Coinbase’s Base is strengthening its global presence.
Coinbase Base Attracts Global Community Attention with Worldwide Buildathon