Protocol Village: Prediction Market Zeitgeist Launches DLMSR-Based AMM

Feb. 1: Zeitgeist, a prediction market dApp, launched its DLMSR (Dynamic Logarithmic Market Scoring Rule) based automated market maker (AMM), according to the team, “marking a significant advancement in the blockchain prediction market with a dynamic liquidity model previously unseen in the industry. The DLMSR model represents a first-of-its-kind application in blockchain technology, enhancing the flexibility of market creation and liquidity provision while drastically improving operational dynamics by reducing slippage and thereby transforming trading efficiency and profitability, especially in larger trades.”

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Feb. 1: WOOFi, a cross-chain DEX based in Saint Vincent and the Grenadines, has launched on Mantle Network, the Ethereum layer-2 scaling solution, according to the team: “This positions WOOFi as one of the first protocols to support LayerZero-powered cross-chain swaps into Mantle from eight top chains, including Arbitrum, Optimism, and Avalanche. Mantle’s MAU hit 370k in Jan 2024 post-LSP launch. VP of Ecosystem Ben Yorke notes the expected rise is fueled by easier mETH access, with WOOFi pivotal for its hyper-efficient cross-chain swaps, comprising 3.7% of LayerZero transactions.”