Omega - decentralized predictions protocol

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To Do

• UI performance (minor)
  • No button or page-loading should take more than 1 second.
  • e.g. issue set button in RedeemView takes more than 10 seconds because it is calling fetchAccounts fresh. That should be done once and used for all pages.
• List the YES and NO tokens on serum dex and provide liquidity (major)
  • Add the market for YES and NO tokens on serum-dex
  • Make a PR in the serum-dex-ui repo to include DEMSENYES and DEMSENNO tokens
  • Make a bot to quote on serum dex based on the prices in FTX DEMSEN tokens
  • Bonus: getting listed on Bonfida will automatically give us TradingView
• Make a button to easily provide liquidity in one step (minor)
  • Remove liquidity tab in the pools
  • Add a section below "Provide Liquidity" with a input box for the user to input how much USDC he wants to provide
  • Use half of the USDC to issue set.
  • Provide liquidity to each pool using all the newly issued tokens + the value of those tokens in USDC
• Make a button to correct mispricing (minor)
  • Create button "Correct Mispricing"
  • If YES price + NO price > 1 + fees, the button should become enabled
  • When button is pressed, the UI should inform trader how much USDC in profit he will make if he confirms the trade
  • Once confirmed, issue set using enough USDC to correct mispricing -> sell all new tokens into both pools
  • Have similar button for when pYes + pNo + fees < 1 (buy from both pools and redeem set)
• Show current position and profits (minor? to show profits need to know entry price)
  • Get entry price for the user using historical blockchain state
  • Take average price of all purchases and subtract that from current price to show profit
  • Display this in a panel in top right
• Move Redeem page contents to Exchange page (minor)
  • Move the Redeem Winner, Reedeem Set and Issue Set buttons to be below the pools in ExchangeView
• Hook up a USDC on ramp (e.g. Transak) (major)
  • Contact Transak to get the ERC20 USDC on ramp
  • Integrate this into the Exchange page
  • Write tool to automatically convert the ERC20 USDC into SPL USDC using sollet.io

build program and deploy

cd ~/omega/program
cargo build-bpf
OMEGA_PROGRAM_ID="$(solana program deploy target/deploy/omega.so | jq .programId -r)"

setup testing

# Get solana tools
VERSION=v1.5.4
sh -c "$(curl -sSfL https://release.solana.com/$VERSION/install)"
git clone https://github.com/solana-labs/solana.git
cd solana
git pull
git checkout $VERSION
cargo install spl-token-cli
sudo apt install -y libssl-dev libudev-dev zlib1g-dev llvm clang

# Run solana local cluster in its own terminal
cd ~/solana
rm -rf config
NDEBUG=1 ./run.sh

# switch terminal, set up testing
CLUSTER=localnet
CLUSTER_URL="http://localhost:8899"
solana config set --url $CLUSTER_URL
solana-keygen new

cd ~/omega/program
cargo build-bpf

OMEGA_PROGRAM_ID="$(solana program deploy target/deploy/omega.so | jq .programId -r)"
cd ../cli
KEYPAIR=~/.config/solana/id.json
MY_ADDR="$(solana address)"
QUOTE_MINT="$(spl-token create-token | head -n 1 | cut -d' ' -f3)"
USER_QUOTE_WALLET="$(spl-token create-account $QUOTE_MINT | head -n 1 | cut -d' ' -f3)"
spl-token mint $QUOTE_MINT 100 $USER_QUOTE_WALLET
CONTRACT_NAME=TRUMPFEB
OUTCOME_NAMES="YES NO"
DETAILS="Resolution: Donald Trump is the President of the United States at 2021-02-01 00:00:00 UTC. Each YES token will be redeemable for 1 USDC if the resolution is true and 0 otherwise. Similarly, each NO token will be redeemable for 1 USDC if the resolution is false. The oracle will resolve this contract before 2021-02-08 00:00:00 UTC in the same way as the TRUMPFEB token at ftx.com."
CONTRACT_KEYS_PATH="../ui/src/contract_keys.json"
cargo run -- $CLUSTER init-omega-contract --payer $KEYPAIR --omega-program-id $OMEGA_PROGRAM_ID --oracle $MY_ADDR \
    --quote-mint $QUOTE_MINT --num-outcomes 2 --outcome-names $OUTCOME_NAMES --contract-name $CONTRACT_NAME \
    --details "$DETAILS" --exp-time "2021-02-01 00:00:00" --contract-keys-path $CONTRACT_KEYS_PATH

use sollet mnemonic

MNEMONIC="word0 word1 word2"
PASSPHRASE="pass"
cargo run sollet-to-local --keypair-path ~/.config/solana/id.json --sollet-mnemonic $MNEMONIC --passphrase $PASSPHRASE

resolve

WINNER=NO
cargo run resolve --oracle-keypair $KEYPAIR --payer $KEYPAIR --winner $WINNER --contract-keys-path $CONTRACT_KEYS_PATH