Dear Jupiter DAO Team,
We’re excited to propose a strategic partnership between Girasol, a decentralized prediction market on Solana, and Jupiter DAO.
Overview
Girasol is a fun and simple decentralized prediction market. Predict whether SOL price will rise, fall, or stay within a range (Flat) – guess correctly to win! The platform is designed to provide a seamless and enjoyable experience for all participants.
How To Play
- Choose Your Market:
- Select the asset you want to predict: SOL, JUP, etc…
- Markets are time-based, typically lasting 5-10 minutes customizable.
- Make Your Prediction:
- UP: Predict that the price will increase
- FLAT: Predict that the price will stay within a defined range.
- DOWN: Predict that the price will decrease.
- Track the Phases:
- Entry Phase: Place your prediction while the market is open for entries.
- LIVE Phase: Watch as the market progresses for the next 5-10 minutes.
- Closed Phase: Results are finalized, and winners are rewarded!
- Check the Results:
The outcome depends on the Opening Price, Closed Price, and the Flat Range (if activated):
- UP : You WIN if the Closed Price is higher than the Opening Price.
- DOWN : You WIN if the Closed Price is lower than the Opening Price.
- FLAT (if activated): You WIN if the Closed Price is within the defined Flat Range.
The Vision
Girasol aims to gamify the prediction experience by allowing users to predict price movements for various assets, including SOL/USD, JUP/USD, or other markets, and win rewards for correct predictions.
Proposed Partnership Terms
- JUP/USD Market:
- We propose creating a dedicated JUP/USD prediction market on Girasol. Users will be able to predict whether $JUP’s price will rise, fall, or remain flat, driving engagement and awareness for $JUP.
- Revenue Sharing:
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Girasol allows the market creator to set an account to collect fees. In this case, Jupiter DAO would receive the fees directly into its treasury. The market creator is free to decide the percentage of fees to collect from the market.
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We recommend setting 2–3% of the fees generated from predictions on the JUPT/USD market, but this amount is entirely up to Jupiter DAO’s discretion. This setup provides a flexible and recurring revenue stream that grows as the market gains popularity.
- Co-Marketing:
- We request Jupiter DAO’s support in promoting the JUP/USD market through joint marketing campaigns, community announcements, and cross-promotional activities. This would amplify adoption and showcase $JUP’s role in an innovative use case.
Benefits for Jupiter DAO
- New Revenue Stream: A share of fees from the JUP/USD market feeds directly into Jupiter DAO’s treasury.
- Community Engagement: Strengthen ties with the Jupiter community by providing an interactive and fun use case for $JUP.
Key Milestones
- Integration: Development and launch of the JUP/USD market on Girasol or help integration on Jupiter.
- Marketing Campaign: Joint initiatives to onboard users and promote the new market.
- Reporting: Regular updates on fees shared with Jupiter DAO and key metrics such as user activity and volume.
How Success Can Be Measured
- Volume of predictions made in the JUP/USD market.
- Total fees generated and shared with Jupiter DAO.
- Growth in active $JUP users.
- Social media engagement and impressions from co-marketing campaigns.
Support Requested
- Marketing: Amplify the launch of the JUP/USD market through Jupiter’s community channels (Twitter, Discord, Telegram).
- Community Engagement: Collaborate on giveaways or events to reward participants in the JUP/USD market.
Closing Statement
This partnership presents an exciting opportunity to expand $JUP’s utility, engage the Jupiter community, and drive adoption for both Girasol and Jupiter DAO.
We’re thrilled about the potential of this collaboration and look forward to hearing your thoughts.
Try it now! Live on Devnet at: girasol.fun
Documentation: Intro | Girasol.fun
X/Twitter: x.com
Best regards,
Yundo
Co-Founder, Girasol