DBets

Inspiration

The current market is centralized. As a user, you are not able to see what’s “behind the curtains” of these platforms. Do you know exactly how these platforms manage your funds? We came up with this problem that can be translated to the blockchain. We don’t need third parties when you can let a smart contract manage everything. We want transparency in every single movement and action across these platforms.

What it does

DBets is a decentralized sports betting platform, built on the Polygon network, and utilizes data oracles like the ones from Chainlink. We decided to provide the users with extremely low fees, and rapid transactions. Using services like Chainlink Data Feeds, we can provide data to our smart contracts in a decentralized way.

How we built it

Sports betting is a complex topic to address using smart contracts, so we decided to utilize a standard that allowed us to achieve those complex mechanics. We built a “super smart contract” using the EIP-2535 standard. We can upgrade the contract as much as we want (with the approval of the community), adding new complex mechanisms, and without the need for painful contract migrations, i.e. Uniswap or Trader Joe. The user can interact with the contract without the need for a third party, and to make things easier, we are building a UI for that.

Challenges we ran into

Our most important blocker right now is the ability to retrieve data in a decentralized manner. We currently are looking for a solution to address this problem. We are eager to collaborate and experiment with the Chainlink team to address the most significant problem that we are facing, retrieving real word data.

Accomplishments that we're proud of

We built the entire contract using the EIP-2535. We did our research and came up to the conclusion that it was necessary.

What we learned

We learned that providing data in a decentralized manner is really difficult, but not impossible. We learned the importance of providing high-quality data, and how can we apply that to our protocol.

What's next for DBets

We'll keep building! We will improve, and launch the product to the market.

Built With

• foundry
• javascript
• react
• solidity