Why Memediction?

Memediction: Tokenized Prediction Market

Memediction is a tokenized prediction market platform that allows you to speculate on the outcomes of various events or forecasts. Unlike traditional prediction markets, where the upside is capped at $1 per share, Memediction offers unlimited upside potential for trading on outcomes.

Getting Started

To participate in Memediction's prediction market, you need to deposit USDC in exchange for USDM, which is pegged 1:1 to the US dollar. This USDC is deposited in a trusted yield aggregator to generate yield to subsidize trader perks. As you trade, you'll accumulate points based on the amount of USDM you hold. These points can be redeemed for rewards and are also used to calculate membership tiers, incentivizing long-term participation.

Memediction leverages concentrated liquidity on Uniswap, ensuring that your trades can always be executed. This is a significant advantage over Central Limit Order Book (CLOB) systems, which require active market making around the bid/ask price.

Membership tiers in Memediction provide various benefits, including both tangible and intangible rewards. Tangible rewards may include multiplier effects on payouts and weekly lootbox rewards, while intangible rewards might encompass digital goods like Amazon gift cards or Spotify subscriptions.

Why Memediction stands out?

Most people want continuous, unlimited upside. They don’t want to be limited by discrete, binary outcomes, which is the case in traditional prediction markets. We believe truly crypto-native prediction markets are actually meme coins in the form of plain-vanilla fungible tokens, like $KAMA and $TRUMP.

In CLOB-based prediction markets, participants often rely on market makers to supply liquidity, leading to wide spreads, especially in less liquid events. Memediction addresses this by using the Uniswap v4 AMM model, guaranteeing order execution with the security and reliability Uniswap is known for, with the unlimited upside.

As an ERC20 token, Memediction offers uncapped upside potential, enabling participants to back their predictions with significant capital. A high total value locked (TVL) in the liquidity pool reflects the platform's credibility, indicating strong participant confidence.

Uniswap v4 hooks are integral to Memediction's operations, particularly during the bootstrapping and resolution phases. The following sections will delve deeper into how these mechanisms contribute to the platform's success.