Velvet-hook

Velvet-Hook is set to transform the prediction market landscape by leveraging the innovative capabilities of Uniswap v4 and its powerful hooks. Our platform offers a decentralized, secure, and highly customizable environment for betting on the outcomes of future events, merging the best of DeFi with advanced predictive DeFi.

Here Our unique use of hooks enables:

1. Event Creation: Seamlessly create new prediction events with an intuitive interface. Each event generates its own liquidity pool, representing various outcomes.

2. Dynamic Betting Mechanism: Place bets effortlessly through token swaps, with real-time tracking of liquidity and odds for each outcome. 3. Automated Resolution: Rely on our integration with reliable oracles for accurate and tamper-proof outcome resolution. Winning bets are automatically rewarded from the liquidity pool. 4. Flexible Fee Structures: Implement custom fee structures to incentivize participation, maintain platform operations, and reward key contributors.

For details please refer readme.

Velvet-Hook is a groundbreaking prediction market platform built on the robust foundation of Uniswap v4 and its innovative hooks feature. Here’s a detailed look at how Velvet-Hook is constructed: Core Architecture

Uniswap v4 Integration:
Velvet-Hook is fundamentally built on Uniswap v4, leveraging its decentralized exchange capabilities and the novel hooks feature to create a seamless and efficient prediction market.

Smart Contracts:
The backbone of Velvet-Hook consists of multiple smart contracts written in Solidity. These smart contracts handle the creation of events, placement of bets, resolution of outcomes, and distribution of rewards. Key components include:
    Event Creation Contract: Manages the creation of new prediction events and initializes corresponding liquidity pools.
    Betting Contract: Facilitates the placing of bets and tracks the amount of liquidity associated with each outcome.
    Resolution Contract: Interacts with oracles to determine the outcome of events and distribute rewards accordingly.
    Fee Management Contract: Collects and distributes fees to incentivize participation and maintain platform operations.

Hooks Implementation: The core innovation in Velvet-Hook is the use of Uniswap v4 hooks. These hooks allow for custom logic to be executed at various points in the lifecycle of a liquidity pool:

Event Creation Hook: Initializes a new pool and sets up the necessary parameters for the prediction event.
Betting Hook: Tracks bets placed by users, updates the liquidity pool accordingly, and ensures compliance with event rules (e.g., no bets after the event end time).
Outcome Resolution Hook: Executes custom logic to resolve the event outcome, interacts with an oracle for the result, and distributes rewards to the winners.
Fee Hook: Collects fees from transactions and allocates them based on predefined structures to support platform sustainability.

Oracle Integration: (TBD) Reliable outcome resolution is crucial for a prediction market. Velvet-Hook integrates with trusted oracle services like Chainlink to fetch and verify the outcomes of events. This ensures that the platform operates with high accuracy and security.