BetBase is a decentralized peer-to-peer prediction market protocol on the Base, focused on skill-based sports wagering and other gaming activities. It leverages immutable, open-source smart contracts for non-custodial, transparent, and trustless betting experiences. BetBase's infrastructure supports seamless on-chain wagering with its ecosystem token $BET used for buybacks and burns, promoting a sustainable token economy. The platform is designed for a global user base, aiming to become the preferred platform for decentralized prediction markets.
How does BetBase work?
- To use BetBase, connect a web3 wallet.
- USDC is used as the platform's currency, and your balance appears in the top right corner after connecting. You can also select your preferred odds format.
- To place a bet, click the “Bet” tab, choose a sport, league or event (live events are in brackets), select a market and odds, then click on an outcome. Your balance and a "MAX BET" option will be displayed. Hover over "fees may apply" to see the win fee percentage. Confirm the transactions to place your bet.
- View all bets in the “Positions” tab. The contract will automatically settle bets and pay out returns minus the win fee.
