- Polygon and Augur Turbo launches Augur Matic Rewards Program.
- The Augur-Matic rewards come in by utilizing an automated market model (AMM).
- The Augur has expanded to cover prediction markets in the NFL, NBA, Crypto, and more.
Polygon, an Ethereum scaling platform, and Augur Turbo launches the Augur-Matic Rewards program.
According to the announcement, the program’s $1 million incentivization program bolster liquidity on Augur Turbo, a predictions market. Augur Turbo is a decentralized Prediction market that features sports, crypto, and other categories.
The polygon incentivization program is focused on liquidity suppliers to bootstrap client adoption and guarantee the smooth running of Augur. The Augur-Matic rewards come in by utilizing an automated market model (AMM). Augur makes it conceivable to render odds dedicated by AMM.
Based on Polygon, Augur Turbo addresses a huge move up to Augur current Ethereum-based predictions platforms. The change to Polygon likewise permits Augur Turbo to use a sustainable base of operations, minimizing transactions fees. This also allows access to millions of new users in the polygon ecosystem.
Tom Kysar, Director of Operations At Augur, said, “Long story short, Augur V2 on Ethereum had various problems in regards to the cost to use it, gas prices, and the transaction times. Augur Turbo on Polygon negates these issues, making it virtually free to execute trades and takes other actions.”
The platform started beta testing on Polygon 3 months ago to make prediction markets accessible to a broader audience. Today Augur Turbo has expanded to cover prediction markets in the NFL, NBA, Crypto, and more.