what's PNP Exchange?

PNP Exchange is a decentralized exchange (DEX) built on the Solana blockchain, specializing in permissionless prediction markets. It enables users to create, trade, and settle markets on a wide range of events, from on-chain metrics like token prices and volumes to real-world outcomes, without intermediaries or gatekeepers. The platform uses an innovative AI oracle for automated, transparent resolution of markets, pulling data from reliable sources to ensure fair and instant settlements. At its core, PNP operates as an automated market maker (AMM) launchpad, allowing anyone to spin up binary yes/no markets with minimal friction. Creators benefit from a revenue-sharing model, receiving a portion of trading fees generated by their markets, which incentivizes high-quality event curation. This flywheel extends to token holders through mechanisms that distribute protocol revenues, fostering community participation and long-term alignment. The protocol emphasizes on-chain efficiency, leveraging Solana's high throughput for low-cost, scalable trading. Features like hedging tools for liquidity and market caps make it versatile for DeFi users, while the absence of off-chain dependencies ensures full decentralization and auditability.

PNP Exchange added a bounty to the Solana Privacy Hack hackathon.

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