Pascal Protocol Client

Trade directly on the outcome of events on chain. A community derivative tied to real-world financial and economic events.

Features

• Fast and secure trading engine built on top of Solana
• Ability to trade on the outcomes of financial, crypto, and economic events
• Market buys and limit orders available for users
• Markets arbitrated using Pyth Network
• Stay informed with up-to-date news and data regarding the markets

Getting Started

First, run the development server:

npm run dev
# or
yarn dev

Open http://localhost:3000 with your browser to see the result.

To provision liquidity for new markets, you can run:

npm run marketMake [marketPk]

To maintain a non-informative distribution while still ensuring that the market is initialized/starts around 50% probability for each outcome, I use a combination of both random and uniform distributions to generate random prices using a uniform distribution, and then apply a bias to the prices so that the mean of the prices is 1.5 (50% outcome probability).

Note: market outcome probabilities might not exactly settle at 50% after all the above market making operation, so one should increase number of orders so the bias will have a cumulative effect over a larger number of orders.

MVP Demo is live on devnet at pascal.fi

To-Dos

• Integration with Human Protocol for resolving arbitrary markets
• Notifications and monitoring for markets
• Passive market making algo
• Portfolio page