INTRODUCTION
Protocol: Prefate
Website: https://www.prefate.xyz
Integration:
- Uniswap v3
- DIA Oracle
- artBTC staking
Use case:
- Launching decentralized prediction markets around Bitcoin price.
- Trading YES/NO outcome tokens on Uniswap v3.
- Earning LP fees by providing liquidity to prediction markets.
- DAO governance with challenges, disputes, and reputation-weighted decisions.
Blockchain: Goat Network
REQUEST INFORMATION
Assets
The following assets will be included in the Oracle:
Methodology
Select the methodologies that will define the feeds:
-
Pricing methodology:
- Use VWAP (Volume-Weighted Average Price) from major BTC markets (Binance, Coinbase, Kraken, Bitstamp, etc.) to avoid manipulation.
- On-chain feed provided by DIA adapter, with optional sanity check against TWAP from the Uniswap WGBTC pool.
- For governance token (artBTC), the oracle uses staked asset pricing methodology (artBTC pegged 1:1 to BTC with protocol-specific adjustments).
-
Update trigger:
- Time-based updates: Every 6-hours
DELIVERY INFORMATION
Select if the feed should be delivered on-chain via oracle and if so, which network:
-
Delivery method:
- On-chain oracle smart contract → Price feeds delivered directly to BitPredict contracts via DIA’s oracle adapter.
- Data will be available as an on-chain reference (BTC/USD, WGBTC price) that the PredictionMarket contract can call securely.
-
Testnet required:
- Yes → Delivery on Goat Network testnet for integration and validation.
NOTES
Additional relevant information:
- BitPredict introduces the first governance-driven prediction market for Bitcoin, using DIA’s reliable oracle feeds.
- The protocol features a challenge and dispute mechanism with reputation-weighted voting, ensuring market integrity.
- artBTC staking enhances governance by aligning incentives between traders, LPs, and DAO members.
- DIA integration provides secure, manipulation-resistant BTC pricing as the foundation for all market resolutions.