Depalpur, Pakistan--(Newsfile Corp. - August 8, 2021) - The team at WolfyStreetBets announces its readiness to take on the Defi space, particularly the crypto-stock staking sphere. From its invention, decentralization of finance and the cryptocurrency system has remained a great move towards promoting financial inclusion as it affords people the opportunity to carry out borderless financial transactions with less surveillance.
Owing to the transparency, community ownership, and governance of DeFi, WolfyStreetBets (also called Wolfy) seeks to provide an interesting solution in this space. Here are some major points to note:
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WolfyStreetBets Will take on a Billion Dollar Industry
According to CoinGecko, the decentralized prediction market on the one hand, has a market share of around $500 million. This excludes some smaller cap prediction markets that the research did not capture. On the other hand, the centralized prediction market has a wealth share of a whooping $1 Billion, from American citizens only. The gambling market is another fortune of its own, boasting of around $53.7 Billion in online bets alone as at 2019.
"These statistics show that the prediction market is a pile of gold waiting to be mined. And Interestingly enough," began saying a representative of the Wolfy Public Relations Team, "This fortune has been glaring enough for everyone to see. The gap between the CeFi and DeFi systems has been a matter of consistent discourse between FIAT and crypto enthusiasts yet, nobody or organization has thought of cashing in on it. This is one advantage that Wolfy has, being the first to look in that direction."
WolfyStreetBets is 100% Decentralized Reward From
The platform uses blockchain technology and its vision has been the promotion of a decentralized financial system. The platform runs a transparent system which allows for community ownership and governance for token holders. From the first day of participation, community members can hope to start getting rewards. Rewards come in the form of direct transaction fees which are forwarded directly to members' wallet addresses. Members also get rewards from staking assets in the prediction markets using the WolfyStreetBets App.
Because of the decentralized nature of the platform, it does not support team allocation funds or any form of treasury system. After the direct transaction fees are paid out, the available liquidity is locked up in the Uniswap ETH/WOLFY liquidity pool where it can be monitored by all members of the community.