facts.hype

🧠 Project Name

facts.hype

🔍 Description 

What if you want to know if $ETH is going to 10k by end of this year? Or you want to verify if a certain flight to Japan on Dec 10 is getting delayed? Or you simply just want to know what is Hyperliquid and how it works? - facts.hype got you covered, it is a crowd-sourced truth-seeking engine with a built-in dispute resolution system that's actually fair - and is maximally-aligned with HyperLiquid.

You can treat facts.hype as a market resolution system that you can build DeFi protocol on top of, or simply a truth-seeking knowledge base. Enjoy crowdsourcing wisdom.

🛠️ How It Works

Currently there is still not a fair market resolution system in blockchain. There is no sufficiently decentralized way to source and verify information in the real-world, we either rely on whitelisted operators to push data to oracle, or get the truth manipulated by token whales/”DAO”. 

But with facts.hype you can be sure that the answer you get from your question will be the most reliable and battle-tested from the crowd within a time frame you specified, as long as you provided good enough incentive.

Users can ask any question and attach a bounty(truth-seeker), researchers can submit their answers after depositing $HYPE into facts(hunter), others can vouch for that answer by staking $HYPE on top(voucher) - the answer with most vouches gets selected to be the “most-truthful” answer and hunter and vouchers will share the bounty.

facts.hype introduces a challenge mechanism where after the hunting period is over, anyone can challenge the answer by paying $HYPE and if it gets accepted by the DAO - part of the hunter’s stake will be slashed to challenger, part of vouchers’ stake will be slashed to the DAO:

1. every time a review is required from the DAO, DAO will share part of bounty
2. everyone else will be able to settle & finalize the question freely if it doesn’t involve challenge so the protocol in fact can run itself permissionlessly forever if people act “economically rational”

More importantly in order to avoid the truth being manipulated by the DAO, facts also introduces a mechanism to allow an external party i.e. the Council to override the final settlement from DAO, and slash the DAO voters’ $HYPE to prevent them being malicious.

With this mechanism facts.hype can be a plug-and-play truth-seeking engine for any kinds of protocols to build on top of e.g. Prediction Market, Insurance, Under-collaterized Loan and pretty much any protocols that require a robust, reliable and decentralized way to verify any real-world event.

💻 Demo

https://www.youtube.com/watch?v=z648J4Rlap8

📂 Project Links

Include links to anything relevant:

• Live demo app
  P.S.: For demo purpose each period(hunt, challenge, settle, review) for the whole truth-seeking process is shorten to 15 mins in order to save time on waiting for the transition on each period
• Github repo
• Explainer
• Pitch Deck

👥 Team

ant - a Smart Contract Engineer who loves designing permissionless and sustainable protocol

X & Github