OptionRoom at https://www.optionroom.finance is one of the most exciting projects currently in development. It’s a user governed oracle and forecasting protocol. The whole system will be build on Polkadot, so it will offer the most up to date technology available. In this article we will look at few most interesting features of OptionRoom.
Forecast market protocol.
This user governed protocol will allow users to create and participate in event derivatives which will be pegged to real-world outcomes. It’s a very interesting and useful feature where variety of different events can be created and monitored. Anything from sport events to political elections and many other events where users can actively participate and pick outcomes.
Oracle as service.
OptionRoom can serve as Oracle as a Service where oracle requests are solved by governance.
Authenticity scoring and governance.
Users will be able to stake the tokens to increase their authenticity score and therefore voting power. The honest participants will be rewarded and dishonest with be punished.
User incentives.
OptionRoom will be providing rewards for pool creators and reward them with percentage of pool winnings. This is such a good idea because it creates and incentives and therefore promotes success among pool creators.
Multiple use-cases.
There are many uses for the OptionRoom protocol. Some of it included: OaaS, prediction markets, decentralized polls, dispute resolution, decentralized surveys and more.
Built on Polkadot.
OptionRoom v2 is planned to be built on Polkadot which offers the latest technology for DeFi platforms. Polkadot requires no introduction, so it’s great that OptionRoom chose to collaborate with the leading ecosystem.
Overall OptionRoom promises to be a very interesting DeFi project that we will be watching with excitement as they have a lot to offer in the crypto space for all the participants.
Web: https://www.optionroom.finance
Twitter: https://twitter.com/option_room
Telegram: https://t.me/OptionRoom
