Hyperliquid
Prophet’s decision to build on the Hyperliquid EVM is strategically aligned with its goal of delivering an intuitive, efficient, and innovative neo-options trading platform.
Here’s why Hyperliquid EVM works perfectly for Prophet:
Hyperliquid EVM provides low-latency, high-throughput capabilities that emulate centralized exchange (CEX)-like performance in a decentralized environment.
High Speed and Scalability: Supports a large number of simultaneous transactions, ensuring quick execution even during peak activity periods.
Trustless Price Accuracy: The system contracts allow precise ticket pricing without relying on external data sources, enhancing reliability.
Cost Optimization: Gasless execution and integrated pricing save costs for both the platform and its users.
2. Oracle-Less Pricing via System Contracts:
Hyperliquid’s native support for system contracts, which provide accurate price feeds for every block, eliminates the dependency on third-party oracles. This is crucial for Prophet’s options platform:
No Oracle Delays: Ensures real-time price updates, which is critical for accurate ticket pricing and fair options trading.
Enhanced Security: Removes a common attack vector associated with traditional oracle systems.
Cost Efficiency: Reduces operational overhead since Prophet doesn’t need to pay for or integrate external oracle services.
Future-Proofing:
Hyperliquid’s infrastructure is designed for growth:
Scalable Architecture: Supports Prophet’s anticipated expansion, whether through more asset markets, increased user activity, or the integration of new prediction markets like sports or news.
Developer-Friendly Environment: Ensures Prophet can implement updates and roll out features rapidly.
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