Unofficial Polymarket integration engineer, that polymarket needs but won't have.
Prediction Markets
Joined August 2021
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I’m Mihiir.
And, I’m putting my full focus into Chain Labs.
I’ve been building in Web3 since 2021. Worked with Curve Labs, Movement, Safe, Arbitrum, Lit, Hyperlane, Toucan.
In 2024, Chain Labs reached $50k in monthly revenue. We delivered all our projects, then I shut it down to spend time learning and building in Prediction Markets.
Since then, I’ve worked on trading bots, indexers and market data infrastructure, and shared some of those experiments here.
I returned to Chain Labs this year. Now I’m growing it as a boutique studio that works as an extension of your team.
I work across product decisions, architecture and code, and take responsibility for delivery. That can mean owning the full build or working alongside your engineers on a specific part.
My goal is to help three teams build and ship their products by December.
I’m accepting projects for NFT, Web3 and Prediction Market projects.
Tell me what you’re building and where you need help. My DMs are open.
Why does this number just keeps going up, instead of down? :(
papertrade launch timing and details
papertrade is expected to launch at 14:00 UTC on 10.10.2026, following the scheduled hyperevm network upgrade.
at this time trading through the frontend will be enabled.
deposits will pause for a short period of time at 13:45 UTC, fifteen minutes before, to ensure that trading has the utmost priority during launch. if you wish to participate in the launch you must predeposit.
launch congestion
papertrade will be congested at the start due to launch demand. expect temporarily long confirmation wait times, especially for smaller notional trades.
the frontend relayer plays an important role during launch, controlling how transactions are submitted to the hyperevm. some actions like staking distributions run separately in big blocks. the chain will always look as if only half of all possible gas is being used, this is optimal. using more than this would exponentially raise fees within minutes to unpayable prices.
oi limits
papertrade has individual atomic position limits of 10m. there is no limit on the number of 10m positions a user can have. papertrade also has floating oi headroom per market/side, which determines how much oi can be opened in a very short period. these are not designed to be triggered through normal trading usage and are set at 1bn per market/side for launch.
asym pnl fee parameters
papertrade inherits rollbit’s asymmetric fee pnl curve
the parameters are:
-baseRate: .1
-rateMultiplier: 15000
-rateExponent: 1
-referenceNotional: 100000*k (k=1m)
-positionMultiplier: 814.598 btc / 483.979 eth
-profit deadman: 0.2 basis points
a visualization of the pnl parameter curve is below
admin keys
the papertrade admins (2 of 3 multisigs consisting of @izebel_eth @blurr @UngusTrade ) perform three separate roles:
-guardian: pause opens and freeze individual/global markets. if a market is frozen any existing positions can still be closed against the paused bbo mid.
-owner: set impact curve and fee parameters. change configure relayers/keepers. list new markets and upgrade the contracts. all contract upgrades are gated by a 7 day timelock.
-markets: adjust the oi headroom per market/side. set the minimum margin and minimum position sizes.
read more about these features at: docs.papertrade.xyz
Mihiir retweeted
There seems to be a lot of chatter in the Department today.
Management has declined to comment on why.
fomies.family
reminds me of 2017 ICO era.
Insane levels of crime happening in Robinhood Chain
But let me explain:
- pitch an idea solving a “problem”
- use AI to make a simple website and also the trailer to try make some hype
- buy an X account, or make a new one and buy bots (your choice)
- pay other X accounts to promote your project (make the shill undisclosed)
- launch on the new chain with hype
- Rug
If a client pays me $10M to paint a house, and I pay $9.9M to a painter.
is my revenue $100k or $10M?
Asking for a friend.
watching this one closely. teapaw.org/gradusxyz/status/21031…
I’m building a vault to let everyone contribute their credits and burn together to get a statement. Will be built as an extension of Safe multi-sig, and dispute mechanics before final burn.
For people like me who couldn’t get more.
Interested?
Hell no, US won’t go with circus lights. No country would attack someone with circus lights.
