We passed $1,000 in betting volume and launched our first combo markets! Users can now answer 5 questions related to Formula 1 race weekends for a chance to win a bonus prize. We had over $250 in prizes on our first weekend, and we will be rolling these out for other categories soon.

Product Features

• Combo Markets: A set of related markets with a bonus for getting 5/5 correct.

• User Suggested Options: Our Pope market was the first to use our dynamic options. Users could suggest options to be added to the market, and they get a bonus if they suggest the correct outcome.

Highlights

• Onboard Betttr: We've onboarded Betttr, a top 20 miniapp on Farcaster who will be launching sports markets on Onit.

• Onit markets being used as a source of data in articles about football

Traction

• Onit Frame Users: 977 -> 1330

• Total Bets: 122 -> 484

• Volume: $1073

Next Steps

• User Deployed Markets: Let users create markets from the frame, where the market creator gets a cut of the market pot.

• Token Bets: Enable USDC and any ERC20 token bets on markets.

Ask

• We are interested in talking to angels with an interest in protocol design or prediction markets. If you know anyone who might like to talk, please share our details.

Contact:

Telegram: james_onit

Follow Us: Farcaster | Twitter