LensBet

Screenshots

Problem Statement

Welcome to the BettingGame project! This innovative project integrates with Reality.eth decentralized Oracle to create a betting game on Ethereum.BettingGame utilizes Reality.eth to offer a decentralized betting experience:Bet Creation 🛠️: Users create bets based on Reality.eth questions, staking ETH or ERC20 tokens. Joining Bets 🤝: Participants join by staking on potential outcomes. Outcome Resolution 🏆: The contract settles bets according to the resolved Reality.eth question, distributing stakes to winners proportionally.

Solution

Arbitration and Asset-Heavy Influence 💼 The arbitration process can be skewed by asset-heavy individuals who influence outcomes through substantial bonds. This can compromise fairness.Quadratic Voting During Arbitration 🗳️ We address this with Quadratic Voting:Voting Power 🔋: Voting power increases quadratically with assets, reducing the influence of wealth. Fair Representation 🎭: This ensures democratic outcomes, limiting the dominance of wealthy individuals. Implementation 🛠️: In Reality.eth, this could involve adjusting bonds based on participant diversity. Frontend Integration: Lens Smart Post 🖥️ Our project's frontend is innovatively integrated as a Lens Smart Post. Lens Protocol, known for its decentralized social media framework, allows us to leverage blockchain technology for a transparent, interactive user interface. This integration ensures:Decentralized Interaction 🌍: Users interact with the BettingGame in a decentralized environment. Enhanced User Experience ✨: The Lens Smart Post provides a user-friendly interface for bet creation, participation, and tracking. Community Engagement 💬: Leveraging social media aspects, users can discuss, share, and promote bets within the Lens ecosystem.