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[From kain.eth] Will Synthetix capture more single day fees than Bitcoin by September 8?

[From kain.eth] Will Synthetix capture more single day fees than Bitcoin by September 8?

RESOLVESSep 8, 2022 · 12:00 AM UTC
SOURCEcryptofees.info

Current odds

Live · updates every 20s

Price history

80¢65¢50¢35¢20¢00:0006:0012:0018:00NOW100¢YESNO
OPEN 24H
0.96
Yes
HIGH 24H
0.99
at 11:42 ET
LOW 24H
0.93
at 02:18 ET
CHANGE
+0.04
+7.0% on Yes

Market stats

Polymarket · CLOB
24H VOLUME
$0
Past 24 hours
TOTAL VOLUME
$7k
Since creation
LIQUIDITY
$544
Available to trade

Recent trades

Last 10 fills · live
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Resolution rules

From Polymarket
https://cryptofees.info/
ORACLEUMA Optimistic
DISPUTE PERIOD2 hours

About this market

Context

In Response to Trader Inquiry: Due to how data is reported to the resolution source, check times will occur at 11 AM ET daily, with the last check time being on September 9, 11 AM ET. On June 8, 2022, @kaiynne tweeted "I predict @synthetix_io will have higher single day fee capture than BTC sometime in the next three months." (https://twitter.com/kaiynne/status/1534510640832090112?s=20&t=_faX990hHwVBKHp52CbJBw) This market asks whether Synthetix will have a higher 1-day fee capture than Bitcoin according to https://cryptofees.info/ by September 8, 2022. If Synthetix has a higher 1-day fee capture than Bitcoin on any date between June 8 and September 8, 2022 (inclusive), this market will resolve to "Yes". Otherwise, this market will resolve to "No". The resolution source for this market will be the data displayed in the "1 Day Fees" column on https://cryptofees.info/. The resolution source will be checked at 11 AM ET daily, with the last potential check on September 9, 11 AM ET. If on any of these checks Synthetix has a higher 1-day fee capture than Bitcoin per the resolution source, this market will immediately resolve to "Yes". If on every check through September 9 Synthetix maintains a 1-day fee capture equal to or lower than Bitcoin, this market will resolve to “No.” If the resolution source is down or its data is otherwise unavailable during the checks, the data sources supplying https://cryptofees.info/ will be used directly, or other credible sources with on-chain data (e.g.: Synthetix: The Graph, Bitcoin: https://charts.coinmetrics.io/network-data/). Note that only the chains which https://cryptofees.info accounts for will be looked at.

How trading works

Polymarket uses a central limit order book (CLOB) model — you can buy or sell shares of any outcome at the current market price, or place limit orders at your target price. All positions are settled in USDC when the market resolves.

Resolution

Markets resolve through UMA's Optimistic Oracle. After the market closes, a proposer submits a resolution, followed by a 2-hour dispute window. If no dispute is raised, the resolution is accepted. Disputed markets go to UMA token holder vote.

FAQ

Resolution & trading
How is this market resolved?+
https://cryptofees.info/
When does this market close?+
Trading closes at Sep 8, 2022 · 12:00 AM UTC. After close, the UMA oracle proposes a resolution and a 2-hour dispute window opens before final settlement.
What are the possible outcomes?+
The possible outcomes are: Yes (100%), No (0%). Each contract pays out $1 if correct, $0 otherwise.
What happens if the resolution source is unavailable?+
If the primary resolution source is unavailable, the market may be delayed or resolved by UMA oracle vote using credible alternative sources. Polymarket's optimistic oracle has final authority on disputed resolutions.
How do I trade on Polymarket?+
You need a Polymarket account (sign up with email or crypto wallet). Connect a Polygon-compatible wallet, fund it with USDC, and you can buy or sell shares of any outcome at the current market price. All settlements are in USDC.