Azuro Protocol is a decentralized prediction market infrastructure that operates on EVM-compatible blockchains. It enables peer-to-pool prediction platforms without intermediaries by utilizing smart contracts to manage liquidity pools, odds, live betting, and payouts. This permissionless infrastructure allows developers to create and launch prediction-based applications on the blockchain. Azuro aims to offer transparent, secure, and open prediction markets for various industries, including sports and gaming, with on-chain transactions. Liquidity providers and data contributors play a crucial role in maintaining the functionality of the prediction markets. Overall, Azuro Protocol provides an accessible environment for decentralized predictions and gaming.
Azuro Protocol operates by creating liquidity pools that support user bets, eliminating the need for centralized intermediaries. Liquidity Providers (LPs) contribute funds to these pools and earn a share of the profits based on the spread between betting odds and payouts. Data Providers establish and manage betting conditions, ensuring the accuracy and efficiency of the prediction markets. Bettors interact with Azuro's prediction markets through front-end apps and can claim winnings directly from the smart contracts after the event resolves. The platform dynamically calculates odds using available funds and virtual reinforcements, ensuring coverage for potential payouts. Through smart contracts and automated market-making mechanisms, Azuro provides transparent and decentralized transactions, mitigating the risk of manipulation or third-party interference.
AZUR has a total supply of 1,000,000,000. The current circulating supply of AZUR is 161,800,548.
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