Myriad to Use USD1 on BNB Chain as Exclusive Settlement Asset
Myriad, a prediction market platform, is exclusively adopting World Liberty Financial’s USD1 stablecoin and migrating all markets to BNB Chain. This aims to provide a faster, unified, and more consistent user experience, replacing its former multi-chain setup. The migration leverages BNB Chain’s scale, with over $5 billion in TVL and millions of users, to support Myriad’s anticipated growth. Myriad will also shift from an automated market maker to a Central Limit Order Book (CLOB) system, enabling features like slippage controls, limit orders, dynamic fees, and improved market data. The CLOB model allows direct user-to-user trading and is expected to greatly expand trading volume and user base. Season 3 also launches the Myriad Wallet, optimized for speed, ease of use, reduced gas fees, and integrated fiat onramps through MoonPay. Leaderboards and points systems are reworked to reward broader participation, laying the foundation for future participation in the MYR ecosystem, with contributors eligible for forthcoming rewards.
