Wormhole

What is Wormhole?

Wormhole is a cross-chain messaging protocol that enables seamless interoperability between different blockchains. On Polyquest, Wormhole plays a crucial role in facilitating cross-chain prediction markets by allowing users from various ecosystems to participate in the same prediction pools, enhancing liquidity and accessibility.

Current Features of Wormhole Integration on Polyquest

Cross-Chain Predictions

• Polyquest users can engage in prediction markets across multiple blockchain networks, including Solana, BSC, Base, Arbitrum, and Avalanche.

• Through Wormhole’s messaging layer, users from different chains can participate in the same prediction pool without needing to bridge assets manually.

Seamless Asset Transfers

• Wormhole’s TokenBridge function allows users to move assets between Solana and supported EVM chains effortlessly.

• Users can deposit funds from their native chain and receive wrapped assets on Solana to enter prediction markets.

Efficient Data Synchronization

• Predictive market data, including bets, outcomes, and rewards, is relayed across chains using Wormhole’s publishMessage and verifyVAA functions.

• Ensures that users on different blockchains see the same real-time prediction market updates.

Unified Liquidity Across Chains

• By integrating multiple EVM chains alongside Solana, Polyquest can tap into a wider liquidity pool, making prediction markets more competitive and rewarding.

• Users from different chains contribute to the same prize pool, increasing the potential rewards for all participants.

Upcoming Features of Wormhole Integration on Polyquest

Cross-Chain Point System with Native Token Transfers (NTT)

• Polyquest will implement Wormhole’s Native Token Transfers (NTT) to enable a seamless cross-chain on-chain point system.

• Users will earn points based on their prediction activities across multiple blockchains, with these points being natively transferred using NTT without requiring token wrapping or liquidity pools.

• This system will ensure that users' on-chain points maintain their original properties across different chains, making participation and rewards more fluid and transparent.

• By leveraging NTT, Polyquest will enhance user engagement by allowing seamless point accumulation and usage across Solana and EVM-compatible networks.

Cross-Chain Launchpad for Initial Liquidity Funding

• A new cross-chain launchpad will allow initial liquidity funding across multiple chains.

• Users will be able to contribute liquidity from various supported networks (Solana, BSC, Base, Arbitrum, Avalanche) into new prediction markets or ecosystem projects.

• This feature will enhance accessibility, enabling broader participation in early-stage liquidity events.

Benefits of Using Wormhole on Polyquest

Borderless Predictions

• Users from different blockchain ecosystems can participate in the same market without friction.

• No need to manually bridge assets, making cross-chain engagement effortless.

Faster Transactions & Lower Fees

• With Wormhole’s messaging layer, transactions are optimized to minimize latency and gas fees.

• Predictions and winnings are settled in near real-time across all supported blockchains.

Increased Liquidity & Rewards

• Cross-chain compatibility allows larger prize pools, making the prediction markets more attractive.

• More participants lead to higher competition and better engagement.

Get Started with Wormhole on Polyquest

Start using Polyquest’s cross-chain prediction markets today and leverage the power of Wormhole for seamless interoperability. Stay tuned for upcoming features, including the NTT-based point system and the cross-chain launchpad for liquidity funding.

For any questions or additional support, feel free to reach out to the Polyquest team through our official channels. Happy predicting across chains!