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WEB3 3.0 WINNER
Relative Finance
Relative Finance is building dapps focused on derivatives and skill-based wagering.
What
is
Relative Finance
Relative Finance is a VC-backed team of DeFi natives building the next speculation hub for the Web3 community. Relative's first product - Peer-to-Peer Relative Value Wagers, was stealth launched in April 2023 and is currently in open beta on Polygon and Arbitrum mainnet. It provides retail participants with the opportunity to make big returns on micro-price movements by wagering on the relative value of assets. Users backing the winning asset receive double the amount they wagered, while the opposite side loses their entire stake. The Relative Value P2P Wager's unique value proposition is the availability of an expanded set of asset pairs for speculation, providing significant returns on small price movements, irrespective of the market trend. It can also be an effective social tool to activate specific crypto communities by allowing supporters of competing protocols and tokens to validate their forecasts by placing wagers on relative strength.
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