Smart Contracts
Smart Contracts
DeHype's core functionality is implemented through a series of smart contracts on the Solana blockchain. These contracts handle market creation, token minting, trading, settlement, and memecoin conversion.
Key Smart Contracts:
Market Factory: Creates new prediction markets and mints outcome tokens.
Trading Engine: Manages the buying and selling of outcome tokens.
Settlement Contract: Handles market resolution and liquidity transfer.
Memecoin Converter: Transforms winning outcome tokens into permanent memecoins.
Governance Contract: Manages community voting and proposal systems.
3.2 Solana Integration
DeHype leverages Solana's high-speed, low-cost blockchain for several key advantages:
Transaction Speed: Solana's high TPS (transactions per second) ensures real-time trading and instant settlements.
Low Fees: Minimal transaction costs make microtransactions and frequent trading viable.
Scalability: Solana's architecture allows DeHype to handle a large number of concurrent markets and users.
Implementation Details:
Use of Solana's Sealevel runtime for parallel smart contract execution.
Integration with Solana's SPL Token program for custom token creation and management.
Utilization of Solana's Proof of History (PoH) for efficient time-stamping of market events and trades.
3.3 Oracle Integration
DeHype integrates with decentralized oracle networks to ensure accurate and tamper-proof market resolutions.
Oracle Implementation:
Multiple Oracle Support: Integration with various oracle providers (e.g., Chainlink, Pyth) for redundancy and accuracy.
Data Aggregation: Use of multiple data sources to determine event outcomes.
Dispute Resolution: Implementation of a time-locked dispute period for challenging oracle reports.
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