Crypto’s Bet on Election Betting Expands to Solana

Drift’s rendition, though, will be more ingrained in decentralized finance (DeFi). Users will be able to make their picks using dozens of cryptos as collateral, instead of just USDC, and earn yield on that collateral ahead of the event’s outcome, Drift co-founder Cindy Leow said. Users can also hedge their event-based forecasts with structured trades on the price action of various cryptos.

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• Source: https://www.coindesk.com/policy/2024/08/19/cryptos-bet-on-election-betting-expands-to-solana/?utm_medium=referral&utm_source=rss&utm_campaign=headlines