Hedgehog Markets Blog Updates

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  • Hedgehog Markets Blog Updates

     solbot updated 1 week, 6 days ago 1 Member · 5 Posts
  • solhack

    Organizer
    April 25, 2021 at 3:52 am

    Hedgehog Markets Blog Updates

  • solbot

    Member
    March 31, 2021 at 3:48 am

    Introducing Decentralized Prediction Markets on Solana

    If you want to learn about decentralized prediction markets (DPMs), welcome! Let’s get started.

    Decentralized Prediction Markets (DPMs)

    A prediction market — also known as an information market or decision market — is a platform where participants can predict the outcome of future events. Users of the platform can hedge or trade on a series of outcomes, from election results to sport events to auction sale prices.

    DPMs use smart contracts that execute actions between buyers and sellers. This mechanism allows parties to transact directly with each other and removes the need for intermediaries. Following the conclusion of a market, these smart contracts interact with data services, or oracles, to authenticate the outcome and automatically distribute the results to users.

    Prediction markets can also be a reliable forecasting tool. A market with high participation helps provide an indication of general sentiment about that market, thus more closely approximating the probability of a certain outcome. This information is made completely open to the public for anyone to use — maybe even to “predict the future.”

    Benefits of DPMs

    Removal of the intermediary

    Unlike with centralized prediction markets, users of DPMs can transact without relinquishing custody of their funds. For example, when users take either a “Yes” or “No” position in a binary outcome market, they transact directly from their wallet into the DPM market pool. Also, all activity is transparent thanks to blockchain technology!

    On-chain information

    DPMs make all information available to the public; users have full access to the wisdom of the crowds, or the collective opinion from the group of market participants. With every transaction recorded on the ledger, users can access information from every position made on the blockchain, including its size, trade time, and transaction history.

    Yield for traders and liquidity providers

    Liquidity providers and traders have a symbiotic relationship that can generate a powerful feedback loop. Anyone can become an LP and contribute to a market’s liquidity; this benefits traders in buying and selling shares without slippage. Liquidity providers benefit from this trading activity by earning a passive yield based on trading volume, thus incentivizing more liquidity providers to join the pool, which results in more liquid and attractive markets for traders… and the feedback loop continues.

    Introducing Hedgehog Markets

    Hedgehog’s vision to offer the most user-centric prediction market platform permeates all aspects of our development. We chose to build Hedgehog on Solana because of its speed and low network fees. We believe that this provides a strong foundation for our entire user experience. The Hedgehog team is a collective of DeFi & DPM power users who obsess over experience and who also believe it’s time for prediction markets to shine — especially prediction markets with more liquidity, more intuitive UX, and more interesting and ubiquitous markets. We are also working on new primitives and market types that are made possible by the speed and low fees of Solana, and we can’t wait to tell you more.

    Want to learn more?

    Though decentralized apps are still in their early days, DPMs are a notable innovation that have the power not only to disrupt, but also to inform. If you have any questions, please join us for our AMA on 5PM UTC / 1PM ET / 10AM PST, Friday April 2nd hosted on the Official Solana Telegram channel!

    Our next Medium article will cover our April Testnet Competition, guidelines, and prizes! Until then, please join our Discord community & follow us on Twitter to stay up to date!

    For our extra spiky members — we are overjoyed by the excitement from the Solana community. We are seeking early supporters to help guide, grow, and evangelize our community. If this opportunity interests you, please fill out our Ambassador Program Form!

    All the best,

    🦔

    Social Links:

    Twitter: https://twitter.com/HedgehogMarket

    Discord: http://discord.gg/vt8Dw5SN58

    Telegram Announcements Channel: https://t.me/hedgehogmarkets

    Solana Telegram Channel (04/02 AMA Host): https://t.me/solana

    — — -

    Disclaimer

    The information provided in this Medium Post pertaining to Hedgehog Markets (“Hedgehog”), its crytpo-assets, business assets, strategy, and operations, is for general informational purposes only and is not a formal offer to sell or a solicitation of an offer to buy any securities, options, futures, or other derivatives related to securities in any jurisdiction and its content is not prescribed by securities laws. Information contained in this Medium Post should not be relied upon as advice to buy or sell or hold such securities or as an offer to sell such securities. This Medium Post does not take into account nor does it provide any tax, legal or investment advice or opinion regarding the specific investment objectives or financial situation of any person. Hedgehog and its agents, advisors, directors, officers, employees and shareholders make no representation or warranties, expressed or implied, as to the accuracy of such information and Hedgehog expressly disclaims any and all liability that may be based on such information or errors or omissions thereof.

    Hedgehog reserves the right to amend or replace the information contained herein, in part or entirely, at any time, and undertakes no obligation to provide the recipient with access to the amended information or to notify the recipient thereof.

    The information contained in this Medium Post supersedes any prior Medium Post or conversation concerning the same, similar or related information. Any information, representations or statements not contained herein shall not be relied upon for any purpose.

    Neither Hedgehog nor any of its representatives shall have any liability whatsoever, under contract, tort, trust or otherwise, to you or any person resulting from the use of the information in this Medium Post by you or any of your representatives or for omissions from the information in this Medium Post. Additionally, Hedgehog undertakes no obligation to comment on the expectations of, or statements made by, third parties in respect of the matters discussed in this Medium Post.

    Go to Source
    Author: Hedgehog Markets

  • solbot

    Member
    April 9, 2021 at 3:17 am

    Hedgehog Markets — Beta Launch Competition

    Details, Prizes & more!

    Competition Period: April 15, 2021(12PM ET) — May 10, 2021(12AM ET)

    Hello Hedgehogs,

    We are excited to share the details of our Beta Launch Competition! The competition will run for a limited time during our devnet beta and will feature a $10,000 USDC Prize Pool + Limited-Edition Collectibles.

    Sign up for devnet tokens will close at 9:30PM ET April 14th, 2021. https://hedgehog.markets/! Devnet tokens will be distributed by the beginning of the competition — every user who signs up will be airdropped 10,000 sHOG (Hedgehog stablecoins on devnet)!

    If it’s your first time trying a Solana application, don’t worry — in the coming days, we’ll share a User Guide with step-by-step instructions on setting up a Solana wallet and placing a trade on our devnet platform.

    Competition Terms and Conditions:

    1. By participating in the beta launch competition, participants acknowledge that they are competing with devnet tokens which do not have any monetary value and cannot be sold or claimed for any value.
    2. The Hedgehog Markets team determines the final interpretation of the competition events. Hedgehog may determine users’ noneligibility to participate if it discovers overly disruptive behavior or violations to the terms of use. Hedgehog reserves the right to modify the terms of this competition.
    3. USDC rewards will be distributed within 30 days of competition end. The Hedgehog Markets teams will contact each winner for their USDC address.

    Total Prize Pool: $10,000 USDC

    Overall ROI Leaderboard Prizes: $4,000 USDC

    • 🏆1st Place: $1,800 USDC
    • 🥈2nd Place: $1,000 USDC
    • 🥉3rd Place: $500 USDC
    • 🏅4th-10th Place: $700 USDC Split ($100 Each)

    Winners will be determined based on overall profit during the beta launch competition. This will be calculated as a user’s Hedgehog Devnet Portfolio Value divided by the initial principal ($10,000 sHOG) on the end date and time of competition.

    The individual with the highest devnet return on principal at 12:00AM ET on May 10th, 2021 will win 1st Place; the individual with the second highest devnet return on principal at 12:00AM ET on May 10th, 2021 will win 2nd place, and so on.

    Bi-Weekly ROI Contest: $3,000 USDC Total ($1,500 bi-weekly)

    • 🏆1st Place: $500 USDC
    • 🥈2nd Place: $300 USDC
    • 🥉3rd Place: $175 USDC
    • 🏅4th-10th Place: $525 USDC Split ($75 Each)

    Winners will be determined every two weeks based on percentage trading gain since the start of the bi-weekly period (noted below). The Period 1 Leaderboard will close on Monday April 26 at 12:00 AM ET and a new Period 2 Leaderboard will be created.

    • Period 1: April 15 to April 26 (12:00 AM ET)
    • Period 2: April 26 to May 10 (12:00 AM ET)

    Creativity Contest: $3,000 USDC Total

    • 🏆1st Place: $1,000 USDC
    • 🥈2nd Place: $750 USDC
    • 🥉3rd Place: $400 USDC
    • 🏅4th Place: $250 USDC
    • 🎖️5th-10th Place: $600 USDC Split ($100 USDC each)

    This is an open call to all hedgehogs interested in making memes and contributing to the community through their creativity! This might also be a path to working more closely with the Hedgehog team 😉

    Who can participate? Anyone and everyone is encouraged to join in on celebrating hedgehogs, the speed of Solana, decentralized finance, and prediction markets. Be as original as you like!

    What type of format is acceptable? We welcome all forms of creative expression including dank memes, illustrations, videos, written word, music, and/or merch!

    How to enter? Share your submission on Twitter using the hashtag #HedgyHogs & tag us at @HedgehogMarket. Please also share your submission in our #🎨creative-contest Discord Channel. We are primarily focused on the quality of your work so followers, likes, and retweets will not affect your submission.

    Important Dates: Submissions Open Now!! & Close on May 3rd (12:00 AM ET)

    How does judging work? The Hedgehog team will review all submissions and will select our favorite 10. Then, we will share the 10 finalists for our Discord community to vote on! 1 reaction = 1 vote and the most votes will win! Community voting will be hosted between May 4th — May 10th (12:00 AM ET)

    One last thing…

    We will also reward early adopters of and contributors to the Hedgehog platform with limited-edition beta launch collectibles. Keep an eye out on our Discord & Twitter for more information on how to participate!

    All the best,

    🦔

    Social Links:

    Twitter: https://twitter.com/HedgehogMarket

    Discord: https://discord.gg/3dufysQeuM

    Telegram Announcements: https://t.me/hedgehogmarkets

    — — -

    Disclaimer

    Creativity Contest Entrants will retain copyright of all submitted work but grant Hedgehog Markets unlimited and indefinite permission to display, and non-exclusive perpetual license to reproduce, submitted creative works on/in Hedgehog’s website, digital or print collateral, display images, and/or any additional promotional materials, presently and in the future.

    The information provided in this Medium Post pertaining to Hedgehog Markets (“Hedgehog”), its crytpo-assets, business assets, strategy, and operations, is for general informational purposes only and is not a formal offer to sell or a solicitation of an offer to buy any securities, options, futures, or other derivatives related to securities in any jurisdiction and its content is not prescribed by securities laws. Information contained in this Medium Post should not be relied upon as advice to buy or sell or hold such securities or as an offer to sell such securities. This Medium Post does not take into account nor does it provide any tax, legal or investment advice or opinion regarding the specific investment objectives or financial situation of any person. Hedgehog and its agents, advisors, directors, officers, employees and shareholders make no representation or warranties, expressed or implied, as to the accuracy of such information and Hedgehog expressly disclaims any and all liability that may be based on such information or errors or omissions thereof.

    Hedgehog reserves the right to amend or replace the information contained herein, in part or entirely, at any time, and undertakes no obligation to provide the recipient with access to the amended information or to notify the recipient thereof.

    The information contained in this Medium Post supersedes any prior Medium Post or conversation concerning the same, similar or related information. Any information, representations or statements not contained herein shall not be relied upon for any purpose.

    Neither Hedgehog nor any of its representatives shall have any liability whatsoever, under contract, tort, trust or otherwise, to you or any person resulting from the use of the information in this Medium Post by you or any of your representatives or for omissions from the information in this Medium Post. Additionally, Hedgehog undertakes no obligation to comment on the expectations of, or statements made by, third parties in respect of the matters discussed in this Medium Post.

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    Author: Hedgehog Markets

  • solbot

    Member
    April 15, 2021 at 12:33 am

    Setup, walk-through, and trade!

    Competition period: April 15th, 2021 04:00 PM — May 10th, 2020 12:00 AM (UTC). Join any time prior the competition period to be eligible! For more information about our competition, check out our last Medium post.

    Setup: All beta activity will be on DEVNET, so make sure your Solana wallet network is toggled to Devnet. We support Sollet (https://www.sollet.io/) and Solong (https://solongwallet.com/) 👇

    For Sollet, on mobile or in the browser extension, press the Solana logo (“S”) to switch networks:

    Or on Solong (https://solongwallet.com/) 👇

    To make your first trade on Devnet, you will need to request some Devnet SOL to cover your transaction fees.

    Sollet:

    we suggest ignoring “MINT TEST TOKENS”

    Solong:

    Solong request for Devnet SOL

    Now that you’ve switched your network to DEVNET, you should see 10,000 tokens labeled “3aMb…iCSX”, these are your sHOG tokens! (stablecoins for Hedgehogs)

    sHOG token address: 3aMbgP7aGsP1sVcFKc6j65zu7UiziP57SMFzf6ptiCSX

    (OPTIONAL) If you’d like, you can manually label the token as “sHOG”

    “Token Mint Address” — “3aMbgP7aGsP1sVcFKc6j65zu7UiziP57SMFzf6ptiCSX”

    “Token Name” — “Devnet StableHog”

    “Token Symbol” — “sHOG”

    sHOG tokens are what users need to trade on our markets. You will be able to see your balance in your wallet and on the hedgehog.markets platform.

    Now you are set up to trade on https://www.hedgehog.markets/ !

    Connect your wallet and make a trade!

    Our next article will explain “MARKET INFORMATION” and how to place your first trade! If you need any additional support, you can find some fellow helpful Hedgehogs on our Discord: https://discord.gg/MmbeWxxmCc

    — — -

    Disclaimer: The information provided in this Medium Post pertaining to Hedgehog Markets (“Hedgehog”), its crytpo-assets, business assets, strategy, and operations, is for general informational purposes only and is not a formal offer to sell or a solicitation of an offer to buy any securities, options, futures, or other derivatives related to securities in any jurisdiction and its content is not prescribed by securities laws. Information contained in this Medium Post should not be relied upon as advice to buy or sell or hold such securities or as an offer to sell such securities. This Medium Post does not take into account nor does it provide any tax, legal or investment advice or opinion regarding the specific investment objectives or financial situation of any person. Hedgehog and its agents, advisors, directors, officers, employees and shareholders make no representation or warranties, expressed or implied, as to the accuracy of such information and Hedgehog expressly disclaims any and all liability that may be based on such information or errors or omissions thereof.

    Hedgehog reserves the right to amend or replace the information contained herein, in part or entirely, at any time, and undertakes no obligation to provide the recipient with access to the amended information or to notify the recipient thereof.

    The information contained in this Medium Post supersedes any prior Medium Post or conversation concerning the same, similar or related information. Any information, representations or statements not contained herein shall not be relied upon for any purpose.

    Neither Hedgehog nor any of its representatives shall have any liability whatsoever, under contract, tort, trust or otherwise, to you or any person resulting from the use of the information in this Medium Post by you or any of your representatives or for omissions from the information in this Medium Post. Additionally, Hedgehog undertakes no obligation to comment on the expectations of, or statements made by, third parties in respect of the matters discussed in this Medium Post.

    Go to Source
    Author: Hedgehog Markets

  • solbot

    Member
    April 17, 2021 at 12:03 am

    Hello Hedgehogs 🦔!

    Here is a user guide for our Devnet Platform (closed beta). It covers:

    1. Hedgehog.Markets
    2. Understanding Market Information
    3. Pick a Market and Make a Trade
    4. Adding & Removing Liquidity
    5. Understanding Your Hedgehog Portfolio

    If you need any help, or have any ideas or suggestions, you can always find us in Discord! 🙂 Join us and 12,500+ awesome community members here → https://discord.gg/c2VV4nSU

    Step 1: Go to Hedgehog.Markets

    This will bring you to our home page, where we display all markets that are currently available to trade. You can browse each of the markets to learn more about them and click into them for more information.

    On our Home Page, you will see the various markets available for trading

    We also recommend you connect your Solana wallet when you arrive. You can select Sollet or Solong, and you will be prompted with a request to approve the connection. Once you approve, your wallet will be connected.

    Connect your Sollet or Solong wallet

    Make sure you have Devnet SOL in addition to your sHOG! Devnet SOL will help process your transactions, and sHOG is what you will transact with on our closed beta platform. For more information on Devnet SOL and sHOG, please check out this article. Beta sign-ups closed on April 14th, 2021.

    Step 2: Understanding Market Information

    Market Information

    • MARKET ENDS ON — date that the market will close
    • TRADE VOLUME — total volume of Yes and No shares traded
    • LIQUIDITY — total volume of sHOG stablecoins in the market’s Liquidity Pool (LP)
    • YES — the current price of 1 Yes share
    • NO — the current price of 1 No share

    User’s Holdings

    • Shares: YES — in your portfolio, the number of YES shares and the value of those shares
    • Shares: NO — in your portfolio, the number of NO shares and the value of those shares
    • LP Shares — if you add liquidity, you’ll see the number of LP shares you receive in exchange for the sHOG you added to the LP
    • Collateral — the amount of sHOG in your wallet

    Unless a market is tagged as “CLOSED” or “RESOLVED,” it is available to trade!

    Step 3: Pick a Market and Make a Trade

    Once you’ve decided on a market to trade, click into it. YES or NO shares will resolve to $1.00, depending on which outcome is correct according to the resolution source, on the resolution date.

    You can input how many sHOG worth of shares you’d like to buy. Play around with inputting different amounts and watch as the metrics of your trade respond dynamically.

    Example: Market Trade page (mobile)
    Example: Order Form when user clicks the “Trade” button
    Example: Using the Order Form on Desktop

    Once you feel comfortable with the amount of Yes or No shares you will receive, press “SEND ORDER” and your wallet will prompt you to Approve the transaction.

    Once you press “APPROVE”, wait a few seconds and you will see this popup.

    Step 4: Adding & Removing Liquidity

    Liquidity providers provide liquidity to the market, which enables traders to trade Yes and No shares. On Mainnet, liquidity providers will be rewarded with fees from users’ trades! We hope to provide liquidity providers as well as traders with a superior experience that benefits user growth and the ecosystem. On Devnet, we will monitor the liquidity levels for each market and ensure there is just enough for users to trade actively.

    To add liquidity, click on the “Add Liquidity” button on a market trade page. A modal will display, and you can enter the amount of sHOG you’d like to add to the market. When you are ready, click “Add Liquidity” and Approve the transaction in your Solana wallet. This will give you an amount of LP shares in exchange for the amount of sHOG you added to the LP.

    To remove liquidity, click on the “Remove Liquidity” button on a market trade page. A modal will display, and you can enter the amount of LP shares you’d like to remove from the market. If you are unsure of how many LP shares you have, you can click “Max” which will display your total number of LP shares.

    When you are ready, click “Remove Liquidity” and Approve the transaction in your Solana wallet. Note* this will give you amounts of Yes and No shares according to the current odds of that market. It will not withdraw in sHOG.

    Step 5: Understanding Your Hedgehog Portfolio

    When you click on “Portfolio” in the Menu, you will see a summary of your holdings.

    • PORTFOLIO VALUE — the sum of your Open Positions and your Cash (sHOG)
    • OPEN POSITIONS — the sum of your Yes and No shares across all markets you have traded
    • CASH — this is your sHOG balance

    You will see you Yes and No shares each as their own position.

    • OUTCOME — this is the outcome share you hold (Yes or No)
    • PRICE AVG | CUR. — this is the average price you paid for the shares, and CUR is the Current price of the shares
    • P/L: $ | % — this displays any P&L from your trade in $USD equivalent and % ROI
    • QTY — this is the number of shares you have in that position
    • CURRENT VALUE — this is the current value of your position

    You will see every market to which you have provided liquidity.

    • LIQUIDITY SHARES — how many LP shares you received in exchange for your sHOG
    • SHARES VALUE — what your LP shares are currently worth

    Disclaimer: The information provided in this Medium Post pertaining to Hedgehog Markets (“Hedgehog”), its crytpo-assets, business assets, strategy, and operations, is for general informational purposes only and is not a formal offer to sell or a solicitation of an offer to buy any securities, options, futures, or other derivatives related to securities in any jurisdiction and its content is not prescribed by securities laws. Information contained in this Medium Post should not be relied upon as advice to buy or sell or hold such securities or as an offer to sell such securities. This Medium Post does not take into account nor does it provide any tax, legal or investment advice or opinion regarding the specific investment objectives or financial situation of any person. Hedgehog and its agents, advisors, directors, officers, employees and shareholders make no representation or warranties, expressed or implied, as to the accuracy of such information and Hedgehog expressly disclaims any and all liability that may be based on such information or errors or omissions thereof.

    Hedgehog reserves the right to amend or replace the information contained herein, in part or entirely, at any time, and undertakes no obligation to provide the recipient with access to the amended information or to notify the recipient thereof.

    The information contained in this Medium Post supersedes any prior Medium Post or conversation concerning the same, similar or related information. Any information, representations or statements not contained herein shall not be relied upon for any purpose.

    Neither Hedgehog nor any of its representatives shall have any liability whatsoever, under contract, tort, trust or otherwise, to you or any person resulting from the use of the information in this Medium Post by you or any of your representatives or for omissions from the information in this Medium Post. Additionally, Hedgehog undertakes no obligation to comment on the expectations of, or statements made by, third parties in respect of the matters discussed in this Medium Post.

    Go to Source
    Author: Hedgehog Markets

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