
小捕手 Chaos|Jun 05, 2025 02:37
The most interesting and promising gameplay of BNB Chain currently - none of them
Polymarket: Predicting Everything
Overlay: Leverage Everything
What is Overlay?
Overlay is a decentralized data derivatives protocol that moves various real-world indicators and events onto the chain for trading, such as ETH destruction volume, CS2 game skin market value, AI token index, etc.
In 2021, Overlay completed a seed round financing of $2.21 million, with participation from well-known institutions such as Polychain, 1kx, and ParaFi.
Operating mechanism
The Overlay protocol allows for the creation of markets based on data streams without the need for traditional counterparties or liquidity pools, achieved through the native token OVL
Traders pledge OVL as collateral to enter the market.
When making profits, the agreement will mint OVL as a reward.
When losses occur, the agreement destroys OVL and reduces supply.
My understanding is that in the Overlay mechanism, the betting opponent of the opening user is the platform itself, and both parties bet on OVL and make trend bets on specific events or indicators.
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