Prosper [OLD] Upgrades Its PROS Staking Pool Smart Contracts

Prospero [OLD] is set to upgrade its PROS staking pool smart contracts later this week to enhance the protocol. The v.2.0 upgrade will introduce flexible reward token options

Prosper, a decentralized non-custodial prediction market platform, is set to upgrade its PROS staking pool smart contracts later this week. The v.2.0 upgrade will introduce flexible reward token options, streamline partner protocol integrations, and include gas optimizations.

Prosper, running on the Binance Smart Chain (BSC) mainnet, is known for its unique prediction pools. Users can join a pool by staking PROS and selecting an asset class, such as BTC or ETH, and an up or down movement for the asset price over a specific time period.

At present, all pools have a fixed 2x multiple for both sides of the market, with the winning side receiving 2x their original stake in PROS tokens, while the losing side has their entire stake liquidated. However, the v.2.0 upgrade will grant pool creators the flexibility to adjust the multiple for each pool instance.

Moreover, the upgrade introduces support for flexible reward token options. Currently, all pools pay out in PROS tokens, but with v.2.0, pool creators can choose to pay out in any BEP-20 token, subject to approval by the community through a vote. This opens possibilities for innovative reward structures and partnerships with other protocols.

The new version also streamlines partner protocol integrations. For instance, integrators of the Chainlink price feeds can now be directly configured during pool creation, eliminating the need for manual updates when deploying new pools.

Furthermore, gas optimizations have been implemented to reduce the gas costs associated with deploying new pools and managing existing ones. This is crucial for enhancing the efficiency and accessibility of the Prosper ecosystem.

Prosper's non-custodial and decentralized nature ensures that users retain complete control over their wallets and funds throughout their journey on the platform. The platform's core principles of transparency, trustlessness, and community involvement are woven into every aspect of its design.