One Liner - A crowd-sourced truth-seeking engine that is maximally aligned with HyperLiquid.

Problems

  1. There is no sufficiently decentralized way to source and verify information in the real-world, we either rely on whitelisted operators to push data to oracle, or get the truth manipulated by token whales/”DAO” i.e. The President Wears No Suit incident from UMA
  2. No effective way in current model to deter whales in DAO from providing answer that is in their best interest
  3. No existing oracle in the HyperEVM to provide real-world data

Solution

facts.hype provides a way for users to ask any questions and get the most reliable and credible answer verified by the crowd, with a dispute resolution mechanism built-in.

Phases: Ask => Hunting => Vouch => Challenge => Settle => Review => Finalize(distribute/slash)

  1. Users can ask any question and choose to attach a bounty (Truth-seeker asks)
  2. Others can submit different answers after depositing $HYPE to be a hunter (Hunter hunts)
  3. Others can vouch for the answer they believe to be true by staking $HYPE on top (Voucher vouches)
  4. The answer with the most vouched gets selected to be the “most-truthful” answer
    1. Hunter and vouchers of the selected answer will share the bounty
    2. If there is only one answer or no answer gets more vouched than the others, the result can be settled immediately and no bounty will be distributed
  5. Anyone can submit a challenge after the hunting period by paying $HYPE (Challenger challenges)
  6. If it gets accepted by the DAO - part of the hunter's stake will be slashed to challenger, part of vouchers' stake will be slashed to the DAO (DAO settles)
  7. In order to avoid the truth being manipulated by the DAO there is an external party in facts i.e. the Council to override DAO's decision and slash the DAO's $HYPE if needed (Council reviews)
  8. Anyone can then finalize the question to automatically distribute the bounty and slash related parties

In other words even if you provide a wrong answer you won’t get slashed, as long as your answer don’t get the most upvotes i.e. $HYPE vouched for you

Perquisite: Assume that everyone acts rationally to “liquidate” wrong answers and want to take a cut in the reward from the correct answer

With this mechanism facts.hype can be a plug-and-play truth-seeking engine for any kinds of protocols to build on top of e.g. Prediction Market, Insurance, RWA/Stocks Trading etc