EqualBet: Can Aptos Handle a limit order book for betting @ 10k TPS with privacy in the price-time matching engine?

  • Project Name / Organization Equalbet.com

  • Project Description: We are a sports betting exchange on Kadena with a novel governance token that emits to bettors who are +EV and can be used to vote to keep an equilibrium of rewards between recreational players and market makers.

  • Value Proposition to the Aptos Ecosystem: A large-scale betting exchange brings many users and crypto-savvy investors to the ecosystem. We are already partnered with GRID and therefore have esports from day 1.

  • Milestones with Deliverables + Timeline: We have already built the required smart contracts in Kadena but their L2 is broken and we had to cancel our IDO.

  • Team: Skills, Experience & Motivation: @ equalbet.com Our motivation comes from being well known large-scale sports bettors and betting executives who have been upset with the broken nature of Betfair and how it treats market makers. We want to re-imagine it in a web3 format in a way that puts a price on +EV data and attracts liquidity to a central clearing house based on blockchain tech.

  • Technical Architecture Overview, if applicable: We require a fast finalization L1 for aggregate finalization of matched bets and an L2 (preferably a BFTraft with Aptos MOVE on it) that can obfuscate fills from market makers until they are all matched up thereby attracting liquidity to the system. If there is no BFTraft we would just build it and host MOVE on it.

  • Key Risks & Challenges: Making a token on top of Aptos has many challenges. Bettors dislike complex onboarding. It may be very hard to build the infrastructure without proper funding infrastructure in place.

Is this type of hybrid blockchain build possible on Aptos? Kadena is broken tech (no working L2 and L1 constantly breaks) and we need a home that can handle our needs.

Thank you from the equalbet team