This is probably the easiest way to make money right now:
> provide liquidity
> receive a full refund + a share of 40% trading fees
PMX and Meteora built together the pump fun of prediction markets
Here's how it works 👇🏼🧵
@pmx_trade @MeteoraAG What is PMX?
PMX is theoretically the first decentralized prediction market platform. Anyone can create a market, provide liquidity, or bet on events
Similar to Pump Fun, a market needs to graduate, creating two tokens (Yes & No) that are tradable on Jupiter
How to provide liquidity?
Interesting for LPs are the markets which are close to goal (similar to bonding)
Theoretically, you could simply LP max, guaranteeing a 100% return on your investment plus a share of 40% of the trading fees
Is LP worth it?
It really seems so (see tweet below)
Of course, it depends on the market and how hyped or attractive it is. Another potential downside is that you lock your liquidity for a certain period
Still, it's very much worth it imo
Gm,
I’d really recommend taking a look at @pmx_trade!
I made +1.74% ($491) on my stablecoins in just 2 days, which translates to an implied APY of around 317% — all with minimal risk (smart contract only).
What’s even more impressive is that this comes from non-mainstream prediction markets, while the platform is still very young and low-volume.
pmxliquid.
What's the best strategy?
Buy the most hyped markets before they're fully funded (choose short term markets)
Alpha: Another prediction market means more arbitrage opportunities. All tokens tradeable on Jupiter. Sometimes markets lacking, leading to bigger arbitrage opportunities
Can I also create a market?
Anyone can create a prediction market through our presale system
Creators earn 10% of trading fees. With a great market idea, it can provide passive income, but if not you'll likely need to be a KOL to promote it effectively
Disclaimer:
PMX was formerly Polycule
$PMX has a 30% buyback mechanism and is supported by partners such as Meteora, Alliance DAO, and Launchcoin
Apart from that, I didn't see too much about additional utility yet
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