Automated Market Maker on Algorand - Algovera Update
Automated Prediction Market Maker on Algorand
Proposal in one sentence:
The Automated Prediction Market Maker on Algorand will allow users to hedge their investments and gain insights on the underlying assumptions of the market.
Description of the project and what problem is it solving:
Crypto assets are greatly correlated. The excessive interdependence between assets creates obstacles to the effective diversification of the investment portfolio.
Automated Prediction Market Maker provides further hedging and diversification unconditional on broader crypto market.
The AMM could also reduce information asymmetry and produce insights on market underlying assumptions
Useful Links
ML tutorial: https://developer.algorand.org/soluti...
Demo: https://algoamm.com
GitHub repository: https://github.com/dspytdao/Algo_AMM
Algorand Ecosystem Algo AMM page: https://ecosystem.algorand.com/projec...
Grant Deliverables:
Integrate a machine learning model to the prediction market maker to better predict the prices of assets.
Create an event resolution mechanism similar to UMA KPI options
Create an improved web-based user interface to provide easy access to the prediction market maker
Develop a comprehensive testing python scripts to ensure the accuracy and reliability of the prediction market maker
Create a comprehensive documentation outlining the usage of the prediction market maker and its features
we will submit the project to the algorand ecosystem and will apply to hackathons/conferences to speak about our experience and the project.
About Dspyt Channel:
We are Data Science with Python DAO
Homepage: https://dspyt.com
GitHub DAO Page: https://github.com/dspytdao
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