Try Quests to earn SOLFlipside's World Cup of Bounties Side Quest: Pool Props: Decentralized Sports Exchange
Introduction
Solana hosts decentralized, scalable applications on blockchain. The Geneva-based Solana Foundation runs the open-source project, which Solana Labs produced in San Francisco. Solana processes transactions faster and cheaper than Ethereum.
Decentralized exchanges called automated market makers (AMM) use user liquidity to price assets within the pool using computer algorithms. Although the specifics may differ from one exchange to the next, in general, AMMs provide their users with high levels of liquidity, low transaction fees, and uninterrupted service.
Props is a bet-to-earn sports betting technology that operates as a decentralized sports exchange on Solana using liquidity pools. The $PROPS and team tokens used in Props' pools provide liquidity for sports gamblers. Following the conclusion of the competition, token winners receive their prizes in cash. The core mission of Props is to use the Solana blockchain to return control of the sports betting process to the fans, thereby radically altering the current sports betting model and industry.
Method
Kellen's Analysis of Pool Props is the primary data source for this dashboard. His incredible and comprehensive analysis of the current situation of Pool Props is available at this Props Dashboard.
The programs were tweaked slightly to allow users to enter their preferred wallet address and view statistics on Pool Props, as well as to extract the data we needed for this bounty.
The Pool Bet There are three different types of currency used in the production process: SOL, USDH, and mSOL. Consequently, I have determined the volume in both the local currency and the total $USD amount for each component.
Also, I appreciate to Ali3N#8546’s for his incredible dashboard.
The final part of this dashboard allocated to comparison of selected wallet with top daily address by the most total bet made. and you can change it to your desirable wallet address by above parameter tape.
Be aware that "==better==" refers to who is placing the bet (wager).
✍🏻 Conclusion
-
The number of times the Pool props Protocol was utilized increased dramatically between the months of September and late October
-
There have been a total of 28.9k wagers on Pool props, generating $1.07M in betting volume.
-
Two of the best daily pool predictions Bets made by users have won roughly 60% of the time.
-
3Wee…q4BD is the daily top Better(wager) in terms of the most bets made, the most lost & won bets over time, with 40, 19 & 13% of bets made, respectively.
-
Selected wallet is significantly lower than top user in all assessed metrics over time, but these maybe changed if you change the selected wallet address.
And finally, I’m glad to share this research with those who care about this issue via Twitter link, and will be pleased by your comments.
About:
-
Author: HaM☰d
\
-
Discord: 0xHaM☰d#8391
\
-
Twitter: @arjmandi_hamed
\
-
Email: h_arjmandi2012@yahoo.com
Add Text Here
Pool Props just surpassed $1M USD in volume on their decentralized sports exchange where players can purchase and trade assets based on game and player odds and receive payouts based on the results.
Let’s create a parameterized dashboard(based on wallet address) to help players understand their activity on pool props:
- How many pools they’ve traded in
- how many positions they’ve taken
- How much they’ve won or lost, in USD and native currency
At the top of your dash create a top 10 all-time leaderboard show both the biggest winners and losers, how many they’ve taken and how much they’ve won or lost.
Hey there 👋!
Firstly, I appreciate you sticking with it until the conclusion.
I'm Hamed, a civil engineering Ph.D.
student interested in data analysis.
I've made many similar dashboards and visualizations since I started at Flipside in January.
Please take a look at my various contact details and let me know what you think.
:mag_right: Findings:
-
The number of times the Pool props Protocol was utilized increased dramatically between the months of September and late October.
-
There have been around 29,000 wagers on Pool props, totaling $1.07 million in betting volume.
-
USDH & mSOL were used only trough September and October.
-
Total volume, Total Payout and Net volume per day (Total Payout- Total volume) peaked at Oct 16th.
\
:mag_right: Findings:
The current section visuals represent a comparison of selected wallet address state by top daily better(wager) wallet over time.
As can be seen the selected wallet is significantly lower than top user in all assessed metrics over time, but these maybe changed if you change the selected wallet address.
To find addresses of pool props users look through the all wallets overview table above.