Polylendy

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  Polylendy Frontend

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  Putting up Tokens for Collateral

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  EigenComputer Transactions

Inspiration

It is fundamentally true that prediction market positions as an asset; thus, it only makes sense for prediction market positions to be treated as such! Using Polylendy, you can put up your Polymarket positions as collateral for USDC loans!

What it does

The main issue that causes a differentiation between prediction markets and DeFi loan markets is the creation of liquidity pools. Due to the fragmentation of liquidity on markets, LPing is hard! To solve this, we created a global LP pool for individuals to deposit.

However, this runs into the issue of pricing and yield. How can we determine a global price across all markets if there is only one LP? To solve this, we use EigenCompute to run an off-chain health factor calculation for all individuals who respond to their custom collateral position. We can execute hundreds of individualized health checks off-chain for speed, but verify the execution in TEEs and on-chain.

There is no market/price for individual Polymarket YES/NO ERC-1155s, which means that we have to calculate off-chain constants to make our decisions: a perfect storm to use EigenCompute.

Built With

• javascript
• solidity
• typescript