Oreka: Prediction Market Layer

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ICP Binary Options Market - Decentralized Prediction Platform

Project Highlights

ICP Binary Options Market is a decentralized prediction market platform built on the Internet Computer Protocol. It enables users to make price direction predictions on cryptocurrency pairs (starting with ICP-USD) within specified timeframes.

Key benefits:

  • Decentralized price feeds
  • Transparent pool-based rewards
  • No intermediaries
  • Secure identity management

Features

  • :dart: Binary Predictions: Users can take Long/Short positions on price movements
  • :moneybag: Pool-based Rewards: Winners share the entire pool of deposits
  • :lock: Internet Identity Integration: Secure authentication and transaction signing
  • :zap: Custom Timestamp: Owner-defined trading periods
  • :bar_chart: Real-time Position Updates: Live tracking of pool sizes and positions

Walkthrough Video

Youtube

How to Install

Prerequisites

  • dfx CLI
  • Node.js >= 18
  • NPM/Yarn

Local Development Setup


# Start local replica

dfx start --clean

# Deploy ICP Ledger canister

dfx deploy icp_ledger_canister

# Deploy Binary Option Market

dfx deploy binary_option_market 

# Install frontend dependencies

cd icp-asset

npm install --legacy-peer-deps

npm run dev

Usage Example

For Market Owner

# Start a new trading window

dfx canister call binary_option_market startTrading


# Resolve market at end timestamp

dfx canister call binary_option_market resolveMarket

# Enable reward claims

dfx canister call binary_option_market expireMarket

For Traders (Actor Client)


// Place a Long position

await market.bid({ Long: null }, 1 * 10e7);

// Claim rewards if won

await market.claimReward();

Documentation

Detailed documentation available at:

Dependencies

Backend

  • Motoko 0.7.0
  • Internet Computer SDK
  • ICP Ledger Canister
  • Internet Identity

Frontend

  • Next.js 13
  • TypeScript
  • Chakra UI
  • DFINITY Agent

License

This project is licensed under the MIT License. See LICENSE for details.

Resources

Future Plans

Short Term (Q4 2024)

  • Multi-asset support (BTC, ETH pairs)
  • Advanced trading features
  • Mobile-responsive interface

Medium Term (Q1-Q2 2025)

  1. Shared Liquidity Infrastructure
    • Unified liquidity pool ecosystem

We’re actively seeking community feedback and contributions to shape our roadmap. DM US to participate in the discussion!

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