Ascend Launches Prediction Perps on Midnight Mainnet for Private Group

Ascend Market don launch prediction perps for im Midnight-based mainnet platform. Di product dey give traders way to take leveraged position based on how market dey change im assessment of di probability say event go happen.

Members wey dey Ascend private mainnet group na dem first wey get access. Di platform build di product together with Dimes, and dem plan do full public launch after di initial phase.

Ascend Begins Prediction Perps Rollout

Di launch follow Ascend announcement for October say dem go introduce prediction perps step by step. Before now, di platform don report say more than 75,000 transactions wey relate to Ascend don happen for Midnight mainnet.

Ascend still dey offer perpetual markets for assets like Bitcoin and ADA, plus spot exchange wey get order book. Di new product come add contracts wey link to event probabilities join dat trading offering.

Di launch announcement no talk which exact markets dey available to di private group or wetin each partner technical responsibility be. Ascend still never provide date for public release.

Trading Changes in Event Probabilities

Price for prediction market fit reflect how participants dey see di chance say one outcome fit happen. If market price di probability of one event at 60%, dat number fit change as new information show and traders adjust their positions.

Prediction perps dey allow traders take position on di direction of dat change. Long position dey give exposure to increase for di contract price, while short position dey give exposure to decrease. Instead make trader depend only on di final result of di event, e fit open or close position as di market price dey change.

Perpetual contracts generally no get fixed expiration date. Ascend product still support leverage, wey dey increase trader exposure compared to di collateral wey dem use open position. Leverage fit amplify gains and losses, and if price move against person, e fit cause liquidation.

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Midnight’s Role in Ascend’s Platform

Ascend dey use Midnight zero-knowledge infrastructure to support im trading platform. Di technology fit verify statement without to reveal all di underlying information wey dem use take establish am.

According to Ascend technical documentation, im architecture get separate systems for order matching, account management and risk evaluation. Dem dey subject di outputs to zero-knowledge verification, and final state changes dey committed to Midnight.

Di platform design aim to make trading activity verifiable while e still protect selected information, including details of user positions. For prediction perps, access still dey limited to di private mainnet group while Ascend dey prepare for public launch.