Overlay is a long/short trading protocol for DeFi data streams, providing users with almost all transaction scalars, as well as unmanageable and unpredictable data streams. It recreates the trading dynamics, but without a counterparty, to solve the liquidity problem that arises in prediction markets, replacing it with inflation.

Project Introduction

Overlay was founded by developer Michael Feldman. Overlay uses Chainlink as an oracle to create a prediction market, and users can directly use the project token OVL as a payment mechanism to short or long the data of a certain event. The user does not need to be a counterparty with other market participants, but predicts the trend direction of the data by betting on the synthetic OVL tokens on the data stream. After expiration, the smart contract will calculate the ratio of the result data to the original data , mint or burn the corresponding proportion of OVL tokens.