- D8X is set to unlock leverage for Polymarket bettors.
- The planned tool has been tipped to provide a much-needed boost to the platform.
- Despite the touted benefits, some within the community fear that the new tool may be a recipe for disaster.
2024 has no doubt been the breakout year of the Polygon-based prediction market Polymarket. Amid the U.S. election cycle, the platform’s popularity has reached beyond crypto and broken into the mainstream.
As Polymarket interest grows, D8X, a decentralized exchange on Polygon zkEVM, OKX’s X Layer, and Arbitrum, is looking to capitalize by offering bettors a way to leverage their positions. Is this the feature that crypto’s killer app has been missing, or will it create a recipe for disaster?
D8X Eyes Polymarket Perps
Polymarket thrillseekers are about to get an adrenaline boost. On Wednesday, July 24, Polygon disclosed that D8X was working to bring perpetual futures for Polymarket contracts by August 2024.
The thinking is that with perpetual contracts on D8X, Polymarket bettors would be able to more than double down on their bets or hedge their positions. At the same time, D8X argues that a futures market would help bolster the liquidity of prediction markets.