TLDR
- Chainlink will power Myriad settlements for BTC, ETH, BNB, and SOL prediction markets at launch.
- The platform plans to add real-world asset markets after its first crypto market rollout phase.
- Chainlink CRE will automate market creation, resolution, and settlement using Chainlink Data Streams for speed.
- Myriad says the integration supports quicker payouts and transparent results for users across active markets.
- The partnership supports Myriad’s planned expansion into stocks, commodities, indices, and event-based prediction markets later.
Myriad has adopted Chainlink as its official oracle infrastructure for crypto prediction markets. The rollout starts with BTC, ETH, BNB, and SOL markets.
The integration uses Chainlink Data Streams and Chainlink Runtime Environment, also known as CRE. Myriad says the setup will support faster market settlement and automated payouts.
Myriad adopts Chainlink for crypto prediction markets
Myriad will use Chainlink to power its crypto prediction market settlements. The first supported markets will cover BTC, ETH, BNB, and SOL.
The company said Chainlink will provide high-speed market data for its platform. This data will help Myriad settle markets close to real time.
The integration also supports automated market creation, resolution, and settlement. Myriad aims to reduce manual steps in its prediction market process.
Myriad is owned and operated by Dastan, the parent company of Decrypt. The platform plans to expand beyond crypto after this first rollout.
Chainlink CRE supports faster settlement
Chainlink CRE will serve as the main orchestration layer for Myriad. It will connect data, automation, and settlement in one system.
The platform will use Chainlink Data Streams for fast and verifiable market data. This data will support settlement for crypto prediction markets.
Myriad said the integration will help improve trust for users. It also said the system can support broader market coverage over time.
“Adopting Chainlink as the official oracle infrastructure to power our stock, commodities, and crypto prediction markets was an obvious choice to build user trust and accelerate the adoption of Myriad,” said Ilan Hazan, co-founder and COO of Myriad.
Hazan added that Chainlink helps Myriad build faster prediction products. He said the platform wants markets that match how users follow news.
“It enables Myriad to launch markets that are faster, more contextual, and aligned with how users consume information and express views in real time,” Hazan said.
Myriad plans wider market expansion
Myriad is starting with crypto, equity, and commodities markets. These areas already have strong user activity and market demand.
The company also plans to add more real-world datasets. These could include equities, indices, commodities, and event-based markets.
Hazan said Chainlink helps Myriad settle markets across a wider range of data. He said this can move the platform beyond crypto price predictions.
Chainlink Labs also commented on the integration. “By adopting Chainlink to power its new stock, commodities and crypto markets, Myriad is accelerating the adoption of prediction markets, by enabling quick payouts and fair outcomes,” said Johann Eid, Chief Business Officer at Chainlink Labs.
Eid said more usage can come when Chainlink connects to growing markets. He also said new users may come onchain through such products.
The move comes as Myriad prepares to scale after its recent seed investment round. The platform says Chainlink will support fair outcomes and faster settlements across its markets.
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