TRON users will soon access cross-chain prediction markets and hedging on the platform’s burgeoning DeFi ecosystem, according to a March 3rd release announcing a partnership with Prosper, a non-custodial, cross-chain platform. TRON holders will be able to use TRX as the basic prediction token for Prosper’s features and functionalities. The integration will add a new use case to TRON’s Defi protocols. Prosper is a non-custodial crosschain prediction market and hedging platform that solves problems of prediction markets landscape by developing a unique technology of on-chain liquidity aggregation. This technology relies on binary models to provide across blockchains. The collaboration will benefit both the TRON’s and Prosper ecosystems. TRON’s lightning-fast transactions and trivial cost make it perfect for hosting prediction markets. Each prediction market is typically segregated into a single chain, and because of this, not enough users could provide the necessary liquidity to produce accurate predictions.
Prosper works to solve this – to increase the liquidity, more users are involved, and that means more “predictions are made, leading to a more accurate and robust prediction outcome based on greater collective insight from the crowd.”
Merging liquidity from multiple blockchains, Prosper offers its customers a high APR and impressive free insurance fund. It also delivered a number of unique functions in the sphere of prediction markets.
Prosper not only increases liquidity but also provides its users a free insurance fund and an additional security layer to protect their funds from hacks.
TRX’s Price predictions will open soon after the launch on the mainnet. The prediction market will use JustLink oracle price feeds to remain decentralized and non-custodial.
Both development teams are extremely excited about this new partnership, and platform users from both sides should be excited as well.
Justin Sun, the founder of TRON and CEO of BitTorrent, said that partnering with the top DeFi projects is integral to TRON’s initiative to be All In on DeFi and contribute to the meteoric rise of TRON’s booming DeFi ecosystem.
Iva Wisher, Co-Founder of Prosper, said that the partnership with TRON is an expansion of Prosper’s efforts to partner with the most prominent DeFi players.
TRON may be one step closer to being there with this partnership in its race to the top.
