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Prosper is a short-term non-custodial forecasting and hedging platform built on Ethereum and Binance Smart Chain.
PROS is the platform's native utility token and has the following use cases:
Governance: All platform fees will go into Prosper's Smart Treasury. Platform governance participants will receive a monthly portion of the Smart Treasury.
Custom Pools: Users will be able to create custom predictive pools. In order to create a custom pool, users need to keep a certain amount of PROS tokens in their wallet. Custom pool owners can adjust parameters such as rates and time frames.
Insurance System: Through Prosper Insurance, 15% of total betting losses will be redistributed to eligible losers. Each pool has its own insurance fund, which is allocated immediately when the pool is settled. Users must hold PROS to participate in the program. In case of losing bets, PROS holders will get tokens back in the form of prediction currency, but their PROS will be locked for 14 days.
Platform fees: By paying with PROS, users will get a 50% discount. Platform fees received in PROS will then be destroyed.
The platform includes the following products:
Prediction pool: Prosper is composed of different pools, each pool is a prediction market. Each pool consists of two parties: long and short. In addition to the "house" pool, users can create custom pools that require PROS tokens to be held. Pool owners can set custom fee rates and profit from the pool.
Liquidity Program: Prosper will utilize liquidity provided by Liquidity Providers (LP). For pools with a disproportionate amount of staked funds, LPs will contribute funds and receive a portion of platform fees in the form of PROS tokens.