BHAVISH COMES TO QUICKSWAP
bhavish is on again with another big bang
About a week ago Bhavish launched its first ever prediction vaults on QuickSwap.
Users will be able to make predictions on various on-chain assets using the prediction markets. By employing automated prediction algorithms, the prediction vaults, on the other hand, will generate yields on customer deposits.
PREDICTION VAULTS
By using an automated prediction approach to predict asset (listed on Bhavish) price fluctuations, Prediction Vaults enables you to deposit money while earning yield in some situations (or even both!). The DeFi Option Vaults (DOVs), which are well-known for generating yields using option techniques, served as the source of inspiration.
However, the precise prediction approach based on Tradingview technical indicators is how prediction vaults make returns. For instance, to forecast the values of the cryptocurrencies (BTC, ETH, and MATIC) listed on Bhavish and generate returns on your investment, the crypto vault will make use of a set of technical indicators (described below). We will at first support cryptographic safes.
HOWIT WORKS
Bhavish will initially presenting a collection of prediction algorithms based on back-tested technical indicators in vaults for crypto assets (MATIC, ETH, and BTC). By using an automatic prediction approach on cryptocurrencies listed on Bhavish, Crypto Vault generates profits on your deposits (MATIC, BTC and ETH). Over time, the yields that are generated compound.
The vault works as follows:
- It receives your $MATIC deposits and invests 100% of its balance in its prediction strategy.
- The vault then algorithmically selects the optimal indicator for the prediction and predicts in the direction with the highest success rate.
- The vault collects the yield from the predictions and represents it as the yield on this strategy.
Features of Prediction Vaults
Prediction vaults are among the first. As a result, we have added special characteristics that distinguish Bhavish vaults. By browsing Bhavish, you can take advantage of all of these advantages.
- $MATIC Deposits: Our vaults support direct $MATIC deposits where in return for the deposits users can earn $MATIC rewards. The downside here is that if the vault strategy is unprofitable, you may incur a loss.
- Smart Vaults: Each vault stores strategy-related data, predicted history, and other information like claimable rounds, claimed rounds, strategy success rate, performance, etc.
- Performance Metrics: You can track vault performance via graphs provided on each vault. This also provides you an edge in picking the top performing, highly profitable vaults.
More Vaults definitely coming soon
The first crucial step toward the widespread adoption of Web3 prediction markets is the integration with QuickSwap. right now what Bhavish is focused on offering are forecasts and prediction vaults, however we should expect more robust plans to add more fascinating features in the future. In fact, Bhavish already has a roadmap in place that includes novel capabilities to be added to prediction markets.
