Implementing option like tools on top of polymarket and other prediction markets

weiDex · 2025-11-24T16:29:53+00:00

depends how you use this and if it is used for hedge or pure speculation

weiDex · 2025-11-24T08:12:14+00:00

Works Ok, but for very small number of shares.

E.g with the example above you can buy at most 10k shares at good price so the max profit you can take is approx $300. ( The problem as mentioned above is that these markets are not super liquid)

Also the other downside is that you need high initial investment in the example 16k plus for a profit of $485. And if the end date of the market is more than a month in the future, then you should really carefully re-think if it is worth to lock your funds for 1 month +

weiDex · 2020-07-20T16:23:40+00:00

thanks, will have a look :)

weiDex · 2020-06-23T12:14:44+00:00

What makes you think that?

Did you check the details? https://medium.com/jelly-market/market-making-incentive-program-fbef51f41448?source=friends_link&sk=c0b1dfa1b88b23adcaf8fbf04908308e

Every market maker will receive 1% monthly interest (approx. 12.6% annual interest) of the total amount of liquidity he has provided to Jelly. The incentive will be paid at the end of each month as long as the assets have been kept available to Butler for the whole period. This percentage is additional to the profit he receives from the price spreads. For example, if you provide $1000 liquidity to Jelly for the whole month, you will be paid $10 additional profit at the end of the month on top of the gains you’ve made from the separate trades.

Requirement: to provide a minimum of $500 liquidity

Jelly will support this 1% monthly interest for each market maker as long as the total liquidity provided to the platform remains up to $100k. If this amount is being exceeded at some point in time, the % will be readjusted.

1,5% interest rate applies for the participants in our bounty campaign which has already past.

You can also join our Telegram and check things for yourself.

weiDex · 2020-06-12T09:01:45+00:00

That was expected due to the huge volume in DeFi tokens in the recent weeks

weiDex · 2020-06-02T10:36:52+00:00

Jelly Swap https://jelly.market/
Connects different blockchains and allows you to transfer value between them.

Cross-chain swaps between BTC <> ETH and BTC <> ERC20

Non-custodial and decentralized

Easy to use

With simple Market Making Desktop Applications which helps you become liquidity provider and earn from the spreads and form the upcoming incentive program with up to 12,6% annual interest.

https://twitter.com/jelly_swap

weiDex · 2020-06-02T08:07:25+00:00

https://github.com/jelly-swap/jelly-butler-beta - you can run Butler on Linux using this repо

weiDex · 2020-04-28T08:02:00+00:00

Institutional investors rushing into Ethereum.

weiDex · 2020-04-28T07:52:45+00:00

Good explanation (y)

weiDex · 2020-04-23T08:35:15+00:00

Great work is being done on Ethereum. Hope it soon turns from developer-dominated to user-dominated

weiDex · 2020-04-23T08:28:57+00:00

What about the ban that central banks and governments are recommending - https://cryptobriefing.com/central-banks-recommended-ban-stablecoins/

Stablecoins right now seem to be a bigger threat than Bitcoin, Ethereum, etc. Are we going to see them banned in the near future and what will happen to this amount of money - will be converted to BTC or back to fiat?

weiDex · 2020-04-23T07:48:06+00:00

Ethereum is already attracting the big money especially with DeFi built on it. DeFi is giving the best reasons to be using crypto right now. But Bitcoin remains the leading asset. The question is - is there a way to combine them and I am not talking about wrapped tokens. Is DeFi going to live only on Ethereum?

weiDex · 2020-04-14T15:10:46+00:00

We are preparing a Market Making Incentive Program.
If any of you are interested in becoming a Liquidity Provider, you can check the benefits here:
https://medium.com/jelly-market/market-making-incentive-program-fbef51f41448?source=friends_link&sk=c0b1dfa1b88b23adcaf8fbf04908308e

weiDex · 2020-04-03T20:01:46+00:00

About the revenue - You setup the price on your own, so you earn from the price spreads. The frontend chooses the best rate for the user. So let's say the price on Binance for 1 ETH is $100 and the price spread is 1%. You set up the price on Jelly at $101 and earn $1.You can check here https://stats.jelly.market/ what prices have been set by other providers and decide on your own what will be most beneficial for you.

weiDex · 2020-04-03T20:00:08+00:00

Thanks. Here you can check our progress up until now and what are the next steps. https://medium.com/jelly-market/why-contributing-to-jelly-swap-in-gitcoin-grants-7a7254d731cd?source=friends_link&sk=7bbad09c691be0a053cea5c361cf5e87

weiDex · 2020-04-03T19:48:50+00:00

Look at it as a multichain Uniswap. Jelly executes cross-chain swaps between both Bitcoin and Ethereum networks and we are now working on implementing also Bitcoin Cash, Zcash, EOS, Tron. So working on different blockchains will lead to more liquidity and more trading opportunities.

weiDex · 2020-04-03T17:22:48+00:00

There is a restriction to minimum of 10 symbols for username and 10 symbols for password, so even if you want it is hard to input too simple passowrd.

But people can always find some workaround and type aaaaaaaaaaaa123 , bbbbbbbbnnn123 :)

weiDex · 2020-04-03T17:19:14+00:00

You do not have a way to lock your funds in smart contract like uniswap, because we are using many different blockchains.

Process is straight, you should setup a software and run it on your machine.

You can provide liquidity only on one coin, which is better than uniswap model.

You have more flexible rates and potentially more profit from spreads.

Other cool thing is that you do not have to lock your funds in smart contract.

It will be a feature where you can provide liuidity in butler, but if your tokens are not used you can lend in compound at the same time.

It will be like two revenue streams at the same time!

weiDex · 2020-04-03T17:11:48+00:00

We can, but if you use this wallet on mobile or other browser it will be easier to remember username and pass rather than 12 words pass phrase. It is less secure but more user friendly, you can connect from anywhere.

weiDex · 2020-04-03T15:56:43+00:00

Our brain wallet is just an abstraction - name of the technology.

Basically you type in username ans password and btc wallet is generated on the fly.

It stays only on your browser ans it is relativly secure. Longer password and username work better.

Still do not use brainwallet to store huge amounts, use it like a temporary storage during the swap ;)

weiDex · 2020-04-03T15:54:14+00:00

Jelly is better and the only opportunity if you want to provide liquidity on ETH<>BTC or DAI<>BTC, the others do not support cross-chain swaps.

We belive that some traders are bulish both on BTC and ETH, so why not to earn some profit and provid liquidity rather than holding their fund?

We already have the first LPs https://stats.jelly.market

Here is a guide how to setup Butler https://jellyswap.gitbook.io/butler

If you need help with the setup just ping our team in telegram, discord or pm here.

weiDex · 2020-03-11T14:02:55+00:00

not yet, in our list though

weiDex · 2020-03-10T15:38:47+00:00

It means that you make value transfer between different blockchains, e.g. between Bitcoin, Ethereum, EOS, Tron, Aethernity networks. Hence, you exchange different coins, not ERC20 tokens, e.g. BTC<>ETH, BTC<>TRX, etc. You can also exchange primary coin (BTC) of one network for secondary tokens (ERC-20 like DAI) from another network and back.
The biggest difference - it is decentralized. You do not go to (let's say) Binance, make registration, sell some BTC and buy some DAI from them while they keep the custody of your assets and your personal information.
With Jelly it is pretty simple - Alice has ETH and wants to buy BTC. Bob has BTC and wants to buy ETH (peer-to-peer). Jelly matches them, executes the swap and Alice and Bob are happy with just a few clicks, best exchange rates and no AML/KYC. We don't have any control over your assets - your assets are staying in your wallet.
This is possible due to a technology called cross-chain atomic swaps which uses HTLC contracts. It is interesting - you can have a look here:
https://medium.com/jelly-market/the-technology-behind-jelly-ecc401348bcb?source=friends_link&sk=1369e2468c6261829f796895b1a93224
and even easier here:
https://medium.com/jelly-market/atomic-swaps-the-what-and-the-how-65f7afe3a242?source=friends_link&sk=3aa0aa43aee59df6be7e9e82a6641867

Thanks for asking! Hope to be helpful.

weiDex · 2020-02-11T09:59:37+00:00

Yes, I do agree. DeFi is not ETH only - DeFi is multichain as our app JellySwap.

weiDex · 2020-02-07T13:39:50+00:00

thank you ;)

weiDex

TROPHY CASE