Exactly 14 days ago YOLOrekt made its maiden launch, quietly pulling back the curtains at ETH Berlin and taking the critical step from Rinkeby to Mainnet.

Here are the numbers:

1398 visitors , spending an average of 5:30 minutes

, spending an average of 5:30 minutes 168 DAUs

115 wallets created

created Over $50,000 Betting Volume ( Bots + Users)

Betting Volume ( Bots + Users) 5,597,583 method calls within the first 24 hours

Bugs & Fixes:

As users came in for the first time, things broke, lessons were learned, and fixes followed. Which is all part of the process. We’ve received awesome feedback from our early users and corrected problems immediately as they arose.

When a dApp goes from a test net environment to Mainnet, conditions can change. This occurred on the first day of launch when users deposited funds into their wallet. A block watcher function error gave the first lucky users twice as much ETH as they deposited.

This was fixed immediately and explained to all of our users. Consider it an early bird promo :) If you’re into game theory, we also noticed a case of iterated dominance, which reduced the timing and bet matrix of viable plays down to a couple strategies (with somewhat unfair outcomes–see time-based mechanics below). Apologies to our savvy users who figured this out, but gameplay is more even now ;)

Technical Improvements

Time-based mechanics: We’ve made a number of improvements to our settlement payout algorithms in order to generate outcomes more equitable to those who help make the market early in the round (as opposed to waiting until the very last second to bet). You can see in the example graph below that bets now carry a time weight! Users are incentivized to make their moves early in the betting phase to improve their payout amounts. Those who bet earliest have the opportunity to produce a return greater than 100%.

Take a look below to see how the weighting is applied to each bet. The weighting decay is super linear to provide early movers with sufficient time to place a bet without suffering from excessive time-decay. Weighting is ultimately relative to other bet placements, meaning there can be an incredibly large number of possible outcomes, keeping the game fun and the user on their toes. However, if you wait more than about half a minute, your potential gains approach zero more and more rapidly. The trade off between increased certainty and increased gains is up to you!

Faster withdrawals: Withdrawals are now 50% faster! Working with abridged.io to streamline the deployment process for your Ethereum wallet, your wallet is ready to go from the first withdrawal request. The withdrawal process now requires less setup and one less ethereum network transaction in order to complete. Get your money in, YOLO, and get out.

Moving Forward:

As we move forward, we will place a larger focus on being mobile first, while making it easier for non crypto users to interact with our dApp by further reducing the onboarding friction.

We are currently adding Moonpay for European and Asian users to buy in without requiring any technical crypto experience. We feel incremental decentralization is key for first timer crypto adopters.

Pssst… iOS and Android, maybe :)

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