PlotX seeks to make robust prediction markets for the burgeoning DeFi ecosystem by taking a slightly different approach than Augur and other similar projects. Its founder Ish Goel revealed that his company follows in Uniswap’s footsteps:
What Uniswap did for exchanges, PlotX essentially is planning to do this with prediction markets.
Unlike many of its competitors, PlotX generates markets automatically & focuses on short-term predictions rather than trying to hide all durations. For each trading pair that gets added to the platform, the algorithm automatically creates hourly trading pairs in perpetuity. Consistent with Goel, this could make PlotX more user friendly and foster mass adoption.
Presently, the project is in alpha testing and the sole pair that’s available is BTC/USDT. The project is predicted to be launched later in September this year. We asked Goel if there are any plans to feature a much-hyped YFI market, he responded that this is often definitely an opportunity as “the protocol has been designed within a way that you simply can actually settle any mathematical price feed”; however, this will be up to the community, that will further govern the project.