Hedgehog Markets Mainnet: A Sneak Peek

Game On.

Hello Hedgehogs!

It is time — we’re emerging from our building burrow to bring you exciting updates. Just a few short months ago, in April 2021, Hedgehog Markets entered the decentralized prediction markets scene by asking one innocuous question: “If a hedgehog told you it could predict the future, would you believe it?”

In the weeks ensuing, we achieved four key milestones:

• Closed-Beta: Launched a closed-beta devnet featuring classic AMM prediction markets in topics like sports, economics, COVID-19, Solana ecosystem, etc.
• Competition: Awarded a $10,000 USDC prize pool to our community members who competed in trading and creativity contests
• Collectible: Introduced our first collectible: BetaTester Hog (BHOG)
• Community: Built an incredible community of nearly 13,000 Hedgehogs 🙏

Since then, we have been in open beta for anyone who wants to try their hand at predicting the future. In the meantime, the Hedgehog Markets team has been working around the clock to bring you the following announcements:

• Team: We have grown, and are continuing to grow (we’re hiring!), our awesome team; these folks are focused on helping Hedgehog Markets provide a great experience for our users!
• Investors: We raised $3.5M in seed funding from incredible partners; we are thrilled to have you with us as we charge forward
• This fall, we are proud to bring you Hedgehog Markets Mainnet

That’s right! Before Q4 2021, users around the world will have access to a new type of prediction markets experience, offered exclusively by Hedgehog Markets on Solana Mainnet. Today, we’re giving you a quick glimpse of what you can expect.

Sneak Peek: Our Mainnet Launch

We will launch on Mainnet with an innovative new prediction markets offering called No-Loss Competitions.

What is a No-Loss Competition?

A No-Loss Competition allows users to make predictions on event outcomes without losing their principal.

It works like this — a user decides they are interested in participating in one of Hedgehog’s No-Loss Competitions. So, they stake USDC to receive game tokens, and use those game tokens to participate in various prediction markets offered within the competition. Regardless of how a user’s predictions perform, they will always receive back their original USDC stake at the end of the competition. When we say No-Loss, we really mean it. What happens in a competition, stays in a competition — game on!

But of course, since it’s a competition, there are prizes to be won — users can trade their way onto the ROI Leaderboard for a share of the competition prize pool.

Here’s an Example Competition:

Prizes you say?

Yes, prizes! Thanks to DeFi composability, Hedgehog can direct the USDC staked by users towards a Solana lending protocol for the duration of the competition. All of the yield generated from these deposits goes back to users in the form of competition prize pools. While prizes are distributed among the top performers, we will offer multiple competitions each with their own prize pools, so you’ll have many opportunities to win!

When and where?

Hedgehog Markets Mainnet will be live before Q4 2021 at https://hedgehog.markets (currently in open beta). While we are launching first with No-Loss Competitions, our classic AMM prediction markets will still be available on Devnet and will arrive on Mainnet soon after our initial Mainnet launch.

Stay Tuned for More

This is just a brief look into what you can expect from Hedgehog Markets Mainnet. We are incredibly grateful for the feedback, support, and energy we receive from our Hedgehog community. We strive every day to deliver an experience that you love! And we love hearing from you — tweet @HedgehogMarket and/or join us in our Discord channels to let us know what you think!

• What is most exciting to you about Hedgehog’s upcoming Mainnet Launch?
• What competitions and markets do you want to see? (We have a #suggest-markets channel in our Discord too!)
• How much USDC would you be interested in staking to join a competition?

Update: Check out our Mainnet Is Coming article and AMA with Founder, George Yu recap for more information about the No-Loss Markets we’ll launch on Solana mainnet.

About Hedgehog Markets

The mission of Hedgehog Markets is to provide direct, veritable, and open access to the wisdom of crowds. Hedgehog Markets was founded by George Yu, a former Google and Oscar Health engineer. Interested in exploring ways to better predict future events, and noticing a lack of user-friendly ways to do so, building a decentralized prediction markets platform became a natural extension of that interest. Hedgehog Markets was built alongside e^{i} Ventures (EIV), a venture studio focused on DeFi and decentralized applications. Learn more about Hedgehog at https://hedgehog.markets and on Medium.

For press inquiries, please reach out to media@hedgehog.markets

Disclaimer

The information provided in this Medium Post pertaining to Futarchy Research Limited, a Gibraltar limited liability corporation, d/b/a Hedgehog Markets (“Hedgehog”), its crypto-assets, business assets, strategy, and operations, is for general informational purposes only and is not a formal offer to sell or a solicitation of an offer to buy any securities, options, futures, or other derivatives related to securities in any jurisdiction and its content is not prescribed by securities laws. Information contained in this Medium Post should not be relied upon as advice to buy or sell or hold such securities or as an offer to sell such securities. This Medium Post does not take into account nor does it provide any tax, legal or investment advice or opinion regarding the specific investment objectives or financial situation of any person. Hedgehog and its agents, advisors, directors, officers, employees and shareholders make no representation or warranties, expressed or implied, as to the accuracy of such information and Hedgehog expressly disclaims any and all liability that may be based on such information or errors or omissions thereof.

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