🚨 ALPHA 🚨 how to arbitrage prediction market airdrop farming (part 2) 🤯
my goal is to increase exposure to
$POLY 🪂 since the token has been now confirmed from Polymarket CMO in an interview
for this strategy we will look at
@MyriadMarkets - which btw has a very pleasant UX + UI 👏
while hedging bets going to zero we also accumulate points for
@AbstractChain token and
$MYR @myr (Myriad’s confirmed token). I recommend using an existing account on Abstract. I have been accumulating 300-500 Abstract points per week only for betting on Myriad. I never focused much on Abstract, so any potential rewards are just a bonus.
also claim the "Myriad Master badge" for wagering 500 USDC on
@MyriadMarkets which gives you a 2x multiplier on the leaderboard.
When hedging bets between platforms be aware of the following issues:
1) liquidity on Myriad can be very low, this can significantly push up/down odds
2) Polymarket odds can jump as well, check the order book liquidity near market rates
3) unfortunately it’s not possible to bet with size, due to above issues
4) the “same” markets sometimes have a different time horizon on each platform (avoid)
5) yes/no can be the opposite on each platform for the “same” market due to different wording
A few examples to above issues:
4) Polymarket (December 31)
polymarket.com/event/will-zc…
Myriad (“before December” November 30)
myriad.markets/markets/will-…
5) Polymarket (Time 2025 Person of the Year: Artificial Intelligence)
polymarket.com/event/time-20…
Myriad (TIME Person of the Year 2025: Will it be a human?)
myriad.markets/markets/time-…
Lastly, how do I find markets to arbitrage/hedge bet? Well, unfortunately idk of any easy way. I’ll check new markets on Myriad (because there’s is less choice) and then type key words into Polymarket’s search bar. if there’s a match, I’ll compare odds (market rate) and then manually try the biggest possible amount on Myriad which doesn’t move odds to an unsatisfactory level.
Goal is to pocket a small profit by arbitraging market inefficiencies (mostly to find on Myriad), however in practice I’ll accept to make a small loss just to increase my trading volume safely on Polymarket.
gg (hedged) gamblers😉