📝Optimising Gas Cost for Settlement of Markets

What is this PIP about?
This PIP is for optimising the smart contract to settle markets more efficiently

Abstract
This proposal describes gas optimization in settlement of markets. Instead of computing the settlement price on chain, it is proposed to calculate the settlement price off chain and verify the correctness of price on chain.


With the recent gas price surge and ETH volatility, the Chainlink price feed has been posting a lot more data. This has resulted in more gas cost for parsing through the feed to settle markets.

Please note that some markets may remain inaccessible till the update has been pushed.

https://research.plotx.io/t/pip-optimising-gas-cost-for-settlement-of-markets/63

"Is PlotX an exchange?"

Simply put, PlotX is a zero-sum prediction game.

Watch this exclusive conversation between Kartic Rakhra and @TradeDOG1's OhHeyMatty, where they discuss what PlotX is and how it's different from other prediction markets: https://www.youtube.com/playlist?list=PLit7AiGEreB8tN0zpngE-goubXoxRdUZc

RT: https://twitter.com/TryPlotX/status/1346760097708404736?s=20

PlotX 2020 - Best of the Best

PLOT Heads lit up our 2020 with some amazing predictions. Here is recounting the best of the best:

The first set of awards are for the traders with the best ROI. Here are the winners

"Most Profitable Traders of the Year"

- 0x7d56d19fc9841005f8e9b17084a92bbaba37c21e
- 0xa39af23c41157a5e10d194a81110c9dc4db8a3b6
- 0x723a8ef01f3c3aa0fb50f49f9999e74ecfc85ff8

Note: 𝑆𝑡𝑎𝑡𝑠 𝑝𝑟𝑖𝑜𝑟 𝑡𝑜 𝑖𝑛𝑡𝑟𝑜𝑑𝑢𝑐𝑡𝑖𝑜𝑛 𝑜𝑓 4-ℎ𝑜𝑢𝑟𝑙𝑦 𝑚𝑎𝑟𝑘𝑒𝑡 ℎ𝑎𝑣𝑒 𝑛𝑜𝑡 𝑏𝑒𝑒𝑛 𝑐𝑜𝑛𝑠𝑖𝑑𝑒𝑟𝑒𝑑

RT: https://twitter.com/TryPlotX/status/1346834582218231808?s=20


Up next will be the "Hustlers of the Year" award. Stay Tuned!

#PredictOnPlotX

"How will PlotX handle transaction fee?"

Catch @krakjack2 answer the burning question.

Have more questions? Catch this exclusive conversation where Kartic answers some pressing questions on PlotX
https://bit.ly/357RB6d

🎥: @TradeDog1

RT: https://twitter.com/TryPlotX/status/1347230842158895104?s=20

Up next in our 'PlotX 2020 - Best of the Best' is:

"Hustlers of the Year"

- 0xe74b3696c6d93716ce01472125be3b9c74aa378b (63 Predictions)
- 0x48a051db0c3dbad70f13209449cc32621f8bb326 (43 Predictions)
- 0x4e5f91f1fec88171165a924787b4c548fe740da0 (36 Predictions)

Note: 𝑆𝑡𝑎𝑡𝑠 𝑝𝑟𝑖𝑜𝑟 𝑡𝑜 𝑖𝑛𝑡𝑟𝑜𝑑𝑢𝑐𝑡𝑖𝑜𝑛 𝑜𝑓 4-ℎ𝑜𝑢𝑟𝑙𝑦 𝑚𝑎𝑟𝑘𝑒𝑡 ℎ𝑎𝑣𝑒 𝑛𝑜𝑡 𝑏𝑒𝑒𝑛 𝑐𝑜𝑛𝑠𝑖𝑑𝑒𝑟𝑒𝑑

RT: https://twitter.com/TryPlotX/status/1347472010058686465?s=20


The next category of award is "Best Traders of the Year". Stay Tuned to know the result!

#PredictOnPlotX

"How will PlotX incentivize their users?"

PlotX incentivises users through different types of mining like participation mining & market creation mining.

Watch @Krakjack2 present a detailed answer.

For more such QA scoops, head over to https://bit.ly/357RB6d

📽@TradeDog1

RT: https://twitter.com/TryPlotX/status/1347529025686626306?s=20

And....the last of the awards:

𝗕𝗲𝘀𝘁 𝗧𝗿𝗮𝗱𝗲𝗿𝘀 𝗼𝗳 𝘁𝗵𝗲 𝗬𝗲𝗮𝗿

- 0xd216eeba0f34feba9ec15e8d087a50e0f8fd10c3 (Rewards: $4158.11)

- 0xe74b3696c6d93716ce01472125be3b9c74aa378b (Rewads: $3448.15)

- 0x6bf32be85a8d6893aeb618a7fd091f6a70745f33 (Rewards: $1465.05)

Thank you PLOT Heads for making our 2020 a vibrant year. Here's wishing you all happy predicting in 2021

RT: https://twitter.com/TryPlotX/status/1347850332236251141?s=20

#PredictOnPlotX

PLOT Liquidity Mining Extended! 🤑

The WETH/PLOT (Jan-May’21) Farm will be live on liquidity.plotx.io at 2 PM UTC, 11th Jan 2021. Deposit your Uniswap V2 LP tokens now!

Here’s a quick overview of the program
- 8,000 PLOTs to be distributed daily
- Rewards accrued every second
- No vesting / No lockup - instantly claimable rewards
- Farm Start Date: 11th Jan’21
- Farm End Date: 11th May’21

Read more on how to participate: http://bitly.ws/b5it

Get farming now and enjoy accruing more $PLOTs! 🚜

Note: Existing farmers will need to withdraw their LP tokens from the previous farm, WETH/PLOT (Nov-Jan’21) and deposit them into the new one.

RT: https://twitter.com/TryPlotX/status/1348627274174582791?s=20

You Spoke. We Listened.

The PlotX Liquidity Mining has been extended on the popular demand.

The WETH/PLOT (Jan-May'21) Farm is now live on liquidity.plotx.io. Deposit your Uniswap V2 LP tokens now.

Let's go Farming!

RT: https://twitter.com/TryPlotX/status/1348898844210196480?s=20

#PredictOnPlotX

Deep Dive into Prediction Markets

Bask in the glory of prediction markets, straight from the horse's mouth. Catch PlotX co-founder Ish Goel in an all-encompassing conversation around DeFi Prediction Markets with MakerDAO and gnosisPM.


Register here: https://crowdcast.io/e/fridai-brunch-8/register

RT: https://twitter.com/TryPlotX/status/1349378451757694982?s=20

$PLOT is now available to be directly added on MetaMask Wallet. Say Goodbye to the hassle of copying the contract address into your MetaMask Wallet.

Here's what you need to do:

1️⃣ Login to your MetaMask Wallet
2️⃣Click on 'Add Token'
3️⃣Type 'PlotX' in the search bar
4️⃣Select PlotX and click 'Next'
5️⃣Click on 'Add Tokens'

& Voila!

RT: https://twitter.com/TryPlotX/status/1351852392711507969?s=20

Missed out on the FriDAI brunch session by @MakerDAOofficial with @PlotX_Official & Gnosis?

We got you covered!

Here's the written transcription of the session where @IshGoel walks us through the world of Prediction Markets

👉 http://bit.ly/2LUyTs2 👈

RT: https://twitter.com/TryPlotX/status/1352181831253123074?s=20

|￣￣￣￣￣￣￣￣￣￣￣|
We Hear You
|＿＿＿＿＿＿＿＿＿＿＿|
\ (•◡•) /
\ /
---
| |


Stay tuned. Something interesting is in the works.

RT: https://twitter.com/TryPlotX/status/1352287862088110081?s=20

#PredictOnPlotX

‼️ SCAM ALERT: FAKE PLOTX WEBSITE ‼️

We’ve discovered a scam website trying to pose as PlotX and tricking people into sharing their MetaMask wallet details.

DO NOT INTERACT with any website that directly asks for your seed phrase.

The real PlotX website link is “https://plotx.io/”

Please stay safe and report any suspicious activity to the community mods 🙏

🚨 New Wallet Integration 🚨

Welcome aboard @PortisHQ!

With the ease of logging in via your email thanks to Portis, it’s never been easier to #PredictOnPlotX

Here’s how you can get started:

1️⃣Click on 'Connect Wallet'
2️⃣Choose Portis
3️⃣Enter your Portis credentials
4️⃣Start Predicting

RT: https://twitter.com/TryPlotX/status/1352627818518126594?s=20

PlotX Pulse: Week-in-review

This past week saw some big announcements being made at PlotX and some bigger announcements being pushed into the pipeline.

Here is a quick recap of everything that happened at PlotX this week.


💪 $PLOT is now available to be directly added to your MetaMask Wallet.

👀 We got something interesting in the works!
Watch this space

📄 Missed out on the FriDAI brunch session by MakerDAO with PlotX?
The written transcription is now live on PlotX Medium

👛 New Wallet integration via @PortisHQ

⚠️ We found a scam website posing as PlotX


RT: https://twitter.com/TryPlotX/status/1353706314396962818?s=20

Elements Elements
of a Good 🤝 of a DeFI
Democracy Prediction Market

1. Inclusivity
2. Wisdom of Crowd
3. Active Participation

Wishing the Indian Crypto Community a very Happy Republic Day!

#PredictOnPlotX 👉- https://app.plotx.io/

RT: https://twitter.com/TryPlotX/status/1353961031723180032?s=20

📍PlotX Research Blog - Dissecting the need for L2 📍


💸 Imagine paying $80 in gas fees simply to withdraw a $60 reward?

😔 This is a situation that DeFi projects built on Ethereum encounter regularly.

🗓 The 2-year roadmap of ETH 2.0 also doesn’t seem to satisfy the need of the hour.

💡 One of the most popular solutions is to migrate to a Layer 2 network.

👨‍🔬 We have been doing extensive research around various implementations of migrating to L2 & its feasibility.

We compiled some of our research findings in this article - http://bit.ly/3qOlUa9

It is a complex picture but more details will follow soon… 👀

Watch this space!

RT:https://twitter.com/TryPlotX/status/1354438716236783618?s=20

The latest gossip in town is that PlotX is migrating to an L2 network. 👀

Neither denying nor confirming🤐

Tell us your best guess!

RT: https://twitter.com/TryPlotX/status/1354758799635095558?s=20

#PredictOnPlotX

PlotX Pulse: Week-in-review

The past week marked yet another busy yet fruitful week at PlotX. We saw some big announcements reaching a step closer to fruition and some other amazing developments in the space.

Here is a low-down on all the 🔥 things this past week

📍PlotX Research Blog📍

Read the PlotX Research blog about what is L2 Scaling and why is it needed?


💪 This week's edition of 'Never a dull day in crypto'


🤐PlotX exploring to migrate to an L2 network?


🥇 There is some chatter going on in the community for a new market to be added to PlotX
See the poll results here


🇮🇳 Team PlotX celebrated and wished the Indian #crypto community a Happy Republic Day


❌ Centralization does not work!
#wallstreetbets


RT: https://twitter.com/TryPlotX/status/1356220764551143426?s=20

Curious about Prediction Markets and the role they would play in DeFi?

Here’s your chance to get a front row seat in growing one!

We’re looking for bright & driven individuals to join the PlotX Community Mining Program and grow the global PLOT Head community.

More details here: http://bit.ly/2YAjn7F

RT: https://twitter.com/TryPlotX/status/1356639586164772864?s=20