iBetYou, A Game-Changing Personal Betting Protocol On Polygon Turning Heads In The DeFI Space !
iBetYou (IBY) is a unique DeFi gaming & personal betting protocol on MATIC. It allows you to create personalized bets, challenge friends, or really, challenge anyone on anything. You stake your reputation against someone else’s… Only if you got the fortitude to do so of course. You think you are correct and the other side is wrong? Then it might just be time to put your money where your mouth is. All you have to do is go to ibetyou.xyz, create a bet, share it with the counter bettor and if you are correct, you will win an NFT that proves you are correct and the other side was wrong. This will be the last of forgotten bets. The blockchain ALWAYS remembers.
Once a bet is agreed upon by two users they choose judges and put their funds in the (already fully working) dApp on ibetyou.xyz. What I like equally as much as its simplicity, is that it is free to use. This is not some freemium that will try to sell you upgrades in the future. It is free and it will stay free. Also, there are no hidden fees. If you bet $20 and win (of course you’ll win), you take home $20 profit. You can bet on anything and there are NO limits!
If you are a crypto enthusiast, you probably understand the power of decentralization, smart contracts and high yields. When a bet is made and both parties agree to it, IBY automatically creates a smart contract that locks the bet in. There is no turning back from here. While funds are locked, they are farmed and generate interest using aTokens and maTokens with Aave. When the bet concludes and a winner receives their well-deserved funds, the yield gets split between the judges, governance token holders and IBY treasury. Do you see now why there are no fees? Genius, right?!
The team at IBY will be presenting at two upcoming major events.
1) The Shift Developers Conference on September 7th and 8th, 2021
2) ETH Lisbon, October 22nd-24th, 2021 in Lisbon, Portugal.
In the upcoming weeks IBY will announce several other events and activities. Stay tuned!
IBY is a permissionless blockchain protocol that allows you to bet any amount of tokens with anyone on anything. It uses the basic principles of betting and kicks it up a notch with crypto wizardry. iBetYou has recently received grants from AAVE, Polygon, Moonbeam and Near protocol.