Prop 451: Paradyze Mainnet Provider Oracle

This proposal aims to create a dedicated mainnet provider oracle for Paradyze as we prepare to go live on the Injective mainnet. This oracle is essential for opening and closing prediction markets on Paradyze. Our goal is to build the first multi-asset prediction market platform designed for mass adoption, covering a wide range of asset types beyond traditional financial markets.

Background on Paradyze

Paradyze is an all-in-one, decentralized prediction market where users can trade shares in various markets, similar to stocks or options. Unlike traditional betting or trading platforms, Paradyze empowers users to dynamically manage positions—buying or selling as prices shift—allowing them to actively participate in the price and probability discovery.

Currently live on the Injective testnet, Paradyze has been running test markets with great success. Paradyze is gearing up for its mainnet launch, targeted for end of October 2024.

Actions:

By voting YES on this proposal, you agree that a dedicated mainnet provider oracle is created for the Paradyze Prediction Market on Injective Mainnet.

By voting NO on the proposal, you do not support creating a dedicated mainnet provider oracle for Paradyze and therefore you are against a launch of the Paradyze prediction market on mainnet.

By voting NO WITH VETO, you find this proposal to be (1) spam, i.e., irrelevant to the Injective ecosystem, (2) disproportionately infringes on minority interests, or (3) violates or encourages violation of the rules of engagement as currently set out by Injective governance. If the number of ‘NoWithVeto’ votes is greater than a third of total votes, the proposal is rejected and the 100 INJ deposit is burned.

By voting ABSTAIN, you wish to contribute to quorum while formally declining to vote either for or against the proposal.