YieldMarket

Yield Market

Yield Market will bridge the gap between the prediction market and the DeFi world and give back the yield Polymarket won’t give.

Project description.

Currently, there are over $100M dollars in assets that are idle in the Polymarket. Bridging the idle assets to the DeFi world is an opportunity to unlock massive potential for users.

Yield Market is a yield-enhanced bridge vault designed for Polymarket conditional tokens. Its goals are:

• Seamless migration for existing Polymarket users.
• High security with no centralized administration.
• No extra fee, distribute all to users, serve as a public good.

Its core smart contract includes:

• Accepting Polymarket YES/NO conditional tokens from users, tracking their balances as YES.Y/NO.Y tokens.
• Internally matching equal amounts of YES and NO tokens, merging them into USDC (the collateral asset).
• Supplying the merged USDC into the AAVE protocol to earn yield.
• After market resolution, distributing both principal and accrued yield to the holders of the winning side (YES or NO), based on the outcome from Polymarket.
• Allowing users to withdraw their original YES/NO tokens before market resolution, or claim their share of USDC after resolution.
• Implementing the ERC1155Receiver interface to support both single and batch deposits of conditional tokens.

This contract automates the process of matching, yield aggregation, and payout, providing Polymarket users with efficient liquidity management and enhanced returns.

Technologies used

- Smart contract: Solidity + Hardhat

- Frontend: TypeScript + React + Next.js

Basic architecture

Source code 

https://github.com/Yield-Market/contracts

https://github.com/Yield-Market/frontend

Deployment

http://www.yieldmarket.org/

Official Telegram Group

https://t.me/+FdATcZOYvvplZjZk