While decentralized perpetuals and derivatives are gaining popularity, Clearmatics is entering the space with its new class of DeFi derivatives dubbed “forecast markets.”
These newly unveiled on-chain derivatives function as dated futures contracts, tracking any public data in a timely-based format. This development gives traders an edge to bet on crypto indexes, inflation data, or even temperatures.
Clearmarics announced that Forecast Markets will be launched on the soon-to-go-live layer-1 blockchain Autonity and Autonomous Futures Protocol (AFP).
“Autonity is building a layer 1 for autonomous futures markets,” the official handle of Autonity said in a latest X post. “Forecast Markets will take the DeFi and TradFi space by storm.”
While Polymarket is already dominating this sector, Claermatics’ forecast markets will give DeFi derivatives a more formal setting and market positioning.
The crypto derivatives industry has been heated up in recent months, with most of the traction coming after Polymarket’s success and trend around Hyperliquid perpetuals. Some large crypto exchanges have also been trying to make a room for them in this domain with acquired derivatives firms.
Also Read: Curve DAO Token (CRV) Pumps 23% in 24 Hours: DeFi Season Incoming?
