June 22, 2021

Ethereum-based prediction market PlotX moves to Polygon’s L2 service

1 min read

CryptoNinjas” Ethereum-based prediction market PlotX moves to Polygon’s L2 solution

PlotX, an Ethereum-based prediction market, has revealed it is migrating to Polygon’s (previously known as Matic) L2 option. This will allow crypto traders to free up congestion and move liquidity in between Ethereum and other bridgeable chains like Matic, zkRollups, OVM, PolkaDot, and Binance Smart Chain.

Ish Goel, Founder of PlotX”Two huge chicken-egg issues for DeFi are based around infrastructure scaling and liquidity in markets. In prediction market procedures like PlotX, getting the knowledge of the crowd needs a friendly UX, negligible gas charge, and extremely liquid markets. This is why PlotX has worked with Polygon and numerous other partners to bring a first of its kind L2 experience for prediction markets –– permissionless, non-custodial with important quick UX.”
–– Ish Goel, Founder of PlotX

As a non-custodial prediction protocol, PlotX enables traders to gain direct exposure to crypto by entering forecast markets and making yield for properly identifying how a particular property will move. PlotX develops high-yield markets using an automatic market maker with all transactions processed on-chain.

The creation of ex-Nexus and GovBlocks developers, PlotX is frequently referred to as the “Uniswap for prediction markets.” Users can predict on a four-hour, day-to-day or weekly basis without suffering drawbacks of central forecast markets, counterparty threat, high expense, and unjust settlement.

CryptoNinjas” Ethereum-based forecast market PlotX moves to Polygon’s L2 solution