BNB Chain's new prediction platform goes live, with staked funds automatically earning yield?

Question

[BlockBeats] The founder of a major exchange endorsed a new project today—predict.fun, a prediction market launched on BNB Chain.

What’s the biggest highlight of this thing? The money you bet doesn’t just sit idle; it automatically earns yield. In simple terms, it’s a combination of prediction and DeFi, so even your idle funds can generate returns.

It’s worth mentioning that the founder of predict.fun previously worked at that major platform, and now the project is being incubated and invested in by YZi Labs. With this setup, the team’s resources and industry connections should be quite strong.

The prediction market sector has been buzzing lately, with all kinds of new ideas emerging. This design that maximizes the utilization of user funds definitely offers more possibilities than traditional prediction platforms.

TheMemefather · Accepted Answer

Prediction markets + yield generation? Sounds good, but I'm not sure about the risks. This kind of innovation always feels a bit too flashy to me.

BearMarketSurvivor · Answer

You can even earn interest from betting? These schemes are getting more and more complicated. I'm just worried that in the end, you'll lose both your principal and interest.

GateUser-a180694b · Answer

You can earn yield while betting? That’s pretty wild, but the prediction market space is definitely heating up.

MemeKingNFT · Answer

Here comes another trick for the newbies again. I’ve seen this prediction + yield farming combo too many times.

Honestly, “yield on funds” sounds nice, but in reality, it’s just the prelude to a liquidity mining death spiral.

YZi Labs? Never heard of it. Is it just another rebranded project?

What’s the point of having a top exchange endorse it? It’s not like they can guarantee your capital.

You can earn yield while betting? Then who’s covering the risk? I’m just worried even the principal will be gone by then.

Prediction markets always end up with the smart money fleecing the dumb money. The yield part is just a smokescreen.

How many more “100x BNB coins” will be born in this wave, and how many will just end up worthless?

Maximizing capital utilization also maximizes losses, huh?

I feel like I’ve seen this DeFi + prediction combo three or four times already, and every time it’s just a pipe dream.

I’ll wait until the market bottoms out before getting in. Right now, it’s all people buying the top.

GateUser-75ee51e7 · Answer

Are prediction markets here to fleece retail investors again? Betting and earning interest at the same time sounds pretty risky.

BankruptcyArtist · Answer

Prediction + yield generation, as long as we don't lose money this round, it's a win.