Solana ecosystem Drift launches prediction market BET, supporting more than 30 crypto assets as collateral
Drift, a perpetual contract trading protocol on Solana, has launched a prediction market called BET.The BET prediction market will allow traders to earn profits while holding positions and support over 30 cryptocurrencies as collateral. Two contracts related to the US presidential election have already been launched, with a total pool of over $300,000, and plans to expand to sports, cryptocurrencies, and economics categories.It is incentivized by paying FUEL tokens to traders who place bets and stake DRIFT tokens.It is reported that BET (short for "Bullish on Everything") will utilize its $500 million liquidity pool.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Trump considers Kevin Warsh as Treasury secretary first, then Fed chairman
US Embraces Cryptocurrency to Reinforce Global Leadership in FinTech Innovation
241122: XRP Price Surges 25% as Headwinds for Ripple Clear Even More
XRP is closely-related to Ripple Labs, a high-profile payments company targeted by the SEC since 2020 on allegations of selling the token as a security to U.S. investors. Ripple fully cleared a long-drawn court case in 2024, bringing the spotlight back on XRP, a major token that commands a $77 bill
Trending news
MoreCrypto prices
More
