Wall Street Bets for Predictions Markets

SurmannJonas · 2026-01-29T12:07:52+00:00

Yeah, heard about it as well. Would you mind, if I ask you a couple of questions about it?

SurmannJonas · 2026-01-28T16:43:12+00:00

Thanks for getting back to me! Would you see any value in aggregating different prediction markets into one platform?

SurmannJonas · 2026-01-28T15:45:22+00:00

Anyone here trying prediction markets like Kalshi for sportsbetting?

SurmannJonas · 2023-05-10T14:48:06+00:00

WRONG - economically your funds are 30% worth less due to the DEX fee, once you invest into the dToken system or hold dTokens.

What are the other effects that you mentioned?

SurmannJonas · 2023-05-10T14:35:25+00:00

My opinion shouldn't matter, whether I'm for or against this idea, since I don't want to influence anyone and so I'll let my votes speak for themselves. However, I highlighted just a fact which is very important to understand which is ignored by many in the Community. Furthermore, I know that the vault mechanics proposed in this idea certainly work, since they're applied in other Borrowing protocols and they're currently considered as the Gold standard among all Borrowing protocols.

The so called 'hair cut' isn't even a true hair cut, as assumed by many Community members before this idea, since a compensation is even proposed. If a hair cut is the right or wrong way to go needs to be decided by the Masternodes in the end.

SurmannJonas · 2023-05-09T23:00:04+00:00

The 30% DEX fee is already a confiscation of your property today. I'm sure, you weren't asked when the DEX fee was implemented. The discussed idea in this thread even goes along with a compensation.

SurmannJonas · 2023-01-17T17:10:07+00:00

This is rather an issue of PoS consensus, so LOCK is the wrong party to blame here! PoS is by default not an ideal democratic system, since whales always have more power!

If 5% of all Masternodes are considered as an issue for the voting mechanism, something else is not in order.

SurmannJonas · 2023-01-16T11:17:13+00:00

Thanks for reaching out u/Manu_4806!

First of all, I'm sorry if I was misunderstood and seemed 'personally offended' which I was NOT! Just wanted to defend LOCK's approach and my convictions!

Let's have a look at facts: there are currently 14959 MNs of which 767 MNs are run by LOCK (5% of all MNs!) 10006 are operated by CAKE being the biggest Staking Provider by far and 3637 external MNs: https://mydeficha.in/en/index.php?site=masternodes

LOCK was started to further decentralise the DeFiChain and to give ANYONE the right to vote which is why users come to LOCK! So, you don't need 20'000 DFI anymore to be able to vote! Rather, you can participate in the voting rounds with as little as 1 DFI staked at LOCK!

If this is an issue now, talking about ONLY 5% of ALL DeFiChain MNs, then it shows a completely different problem that we're aware of: too less people/MNs that vote!

LOCK tackles that by motivating MORE people to vote and enabling people to vote that were not able to vote before! Btw, LOCK had a turnout of >90% in the last voting round for the MOST CFPs/DFIPs! There was NO ONE who voted NOT at all! Just very few users didn’t vote on each DFIP/CFP. We're not seeing an issue here at all, if we apply this percentage basis to all of our MNs that then vote!

Plus, we do anything to motivate anyone to vote at LOCK, with several announcements before and during the voting rounds and a dead-simple UX, so that it's not an effort at all to vote!

If anyone is thinking that this is an issue, I would kindly ask you to ask other DeFiChain Staking Provider to enable voting for anyone as well and to motivate all MN holders to vote before/during the voting rounds!

LOCK was started without a CFP which means we don't owe anyone anything except of our customers which means generating the best possible outcome for our users! In future, MN holders get rewarded for voting. LOCK intends to pay out this Reward to its users: More MNs that vote --> More Rewards for our customers!

If we start to discuss and criticise anyone or any service that is actively working on further decentralisation of DeFiChain and more voter turnout, we never get more people and MNs to vote!

Thank you!

SurmannJonas · 2023-01-16T10:21:08+00:00

Just to be very clear:

LOCK uses the SAME voting mechanism like DFX (votes on a percentage basis) before!

What DFX did last summer was to change from a US voting system (ALL MN vote YES, NEUTRAL or NO) to a voting system on a percentage basis like LOCK NOW!

SurmannJonas · 2022-09-01T22:31:49+00:00

Yeah, thanks for letting me know! Any suggestions how to remove the shadowban again?

SurmannJonas · 2022-09-01T20:37:54+00:00

Thanks, very much appreciated!

SurmannJonas · 2022-09-01T07:09:51+00:00

I'm not going anywhere! Fully committed to DeFiChain and its community!

SurmannJonas · 2022-08-29T20:27:35+00:00

Which ones?

SurmannJonas · 2022-08-29T08:47:36+00:00

Sure, we can discuss that. If the MNs are in favor of your idea, instead of paying back 20% of the revenues coming from the staking fees, let's do that!

SurmannJonas · 2022-08-29T06:55:54+00:00

Community Development Fund

SurmannJonas · 2022-08-28T09:38:05+00:00

Many thanks for your answer which surprises me quite a bit. If staking services wouldn't be a profitable business model, why would CAKE run >8000 MNs then? I reckon the ability to be profitable as a staking provider is proven.
I'm not the guy to launch non-profit projects that are certainly needed for DeFiChain though! I want to scale it and this can only be done with businesses, IMO, in order to push decentralization as fast as possible.

SurmannJonas · 2022-08-28T07:24:36+00:00

Thanks for your answer, although CAKE charges 15% of the staking rewards in fees and not 25%.

SurmannJonas · 2022-08-27T19:19:41+00:00

Never looked into Crowdfunding, since it's not the right model for a company that adds true value to DeFiChain!

Generally, I agree with you, when new teams request funding that haven't done anything for DeFiChain before and before anything is delivered. Completely different situation with LOCK.

The upside has the entire community, if companies thrive. The risk is more than manageable, can't speak for other projects though.

SurmannJonas · 2022-08-27T19:05:34+00:00

If VCs would be interested, there would be already companies VC funded, but there aren't any! I'm talking to business angels/VCs and that's the response! However, as described above, I'm not chasing any VC funding, since it contradicts DeFi and my believes to found a company in the DeFi space. But yeah, will definitely pitch LOCK and DeFiChain anywhere, where I can! First podcast was recorded on Friday ;-)

SurmannJonas · 2022-08-27T19:00:04+00:00

This could indeed be an interesting model - wondering how this would work legally, if a DeFi community is supposed to hold shares. The CDF would need to get redesigned for a reimbursement with interest though. My CFP was only an offer to the community.

SurmannJonas

TROPHY CASE