# Memediction

Memediction is a prediction market that uses memecoins to forecast real life events. Each outcome is represented as an ERC20 token. The protocol uses single-sided liquidity pools on Uniswap to bootstrap liquidity for these ERC20 tokens.

ERC20 tokens offer traders the potential for unlimited upside, enhancing the overall trading experience.

At the end of the settlement date, a portion of the trading fees and the entire USD reserves of the losing pool will be distributed the holders of the winning outcome token. Eigenlayer AVS / Optimistic Oracles (e.g. UMA) will be used as an oracle to determine the event outcome.<br>

Memediction charges 5% transaction fees. These transaction fees help to keep Memediction sustainable.

* 2.5% goes to the holders of the winning token
* 2.5% goes to the treasury

### Jump right in

<table data-view="cards"><thead><tr><th></th><th></th><th data-hidden data-card-cover data-type="files"></th><th data-hidden></th><th data-hidden data-card-target data-type="content-ref"></th></tr></thead><tbody><tr><td><strong>Why Memediction?</strong></td><td></td><td><a href="/files/vxs1ER5I8VkIA0IaOqfo">/files/vxs1ER5I8VkIA0IaOqfo</a></td><td></td><td><a href="https://app.gitbook.com/o/sIonR7fpt0xuE6INs0Bf/s/07eAhXXDJawc8l78bUD2/~/changes/1/readme/why-memediction">https://app.gitbook.com/o/sIonR7fpt0xuE6INs0Bf/s/07eAhXXDJawc8l78bUD2/~/changes/1/readme/why-memediction</a></td></tr><tr><td><strong>Upside and Downside Modelling</strong></td><td></td><td><a href="/files/WqTZslyWgLz3XWQj63oY">/files/WqTZslyWgLz3XWQj63oY</a></td><td></td><td><a href="https://app.gitbook.com/o/sIonR7fpt0xuE6INs0Bf/s/07eAhXXDJawc8l78bUD2/~/changes/1/readme/upside-and-downside-modelling">https://app.gitbook.com/o/sIonR7fpt0xuE6INs0Bf/s/07eAhXXDJawc8l78bUD2/~/changes/1/readme/upside-and-downside-modelling</a></td></tr></tbody></table>


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