Introduction to SOLPREDS

SOLPREDS is a decentralized prediction market that allows you to bet on short-term price movements of assets like SOL/USD.

What is a Prediction Market?

A prediction market lets users speculate on future events by buying and selling outcome shares. In SOLPREDS, you predict whether the price will go UP or DOWN during a specific time window.

Why SOLPREDS?

🚀 Built on Solana

• Sub-second transactions
• Minimal fees (~$0.00001 per transaction)
• Scalable for high-frequency betting

🔒 Fully Transparent

• All bets recorded on-chain
• Verifiable on Solana Explorer
• No centralized control over outcomes

🎲 Fair & Automated

• Pyth Network oracle for accurate pricing
• Automatic round settlements
• No human intervention needed

Key Concepts

Round: A betting period (e.g., 5 minutes) where users predict price direction

Lock Price: The price when betting closes

Close Price: The final price that determines winners

Payout Multiplier: Your potential winnings based on pool distribution

Prize Pool: Total SOL bet in the round (minus fees)

Getting Started

1. Set up a Solana wallet
2. Get devnet SOL
3. Place your first bet
4. Claim your winnings

Ready? Let's dive in! →