Parasitic Immune Augur
May 4, 2024•745 words
Assumptions:
REP market cap before and after a fork are the same for the true universe
REP market cap goes to 0 after the fork on the false universe
Simple Single Forking Market Scenario:
1 binary market
$100 in open interest locked in contracts
$1,000,000,000 in parasitic open interest
$500 REP market cap (5x OI)
200 REP token supply
On Market Fork:
$100 locked in contracts divided up among 200 REP holders so each gets $0.50
50 REP-true minted for true share token holders (REP supply in...
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