Prediction market platform Myriad is moving to the BNB Chain and adopting the USD1 stablecoin from World Liberty Financial as its sole settlement asset. The migration consolidates its previously multi-chain operation. The shift coincides with the launch of “Season 3” for the platform, which introduces a proprietary wallet and an overhauled rewards system.
The prediction market Myriad is transitioning to World Liberty Financial’s USD1 stablecoin as its exclusive settlement asset. As part of this move, the platform is migrating its entire catalog to BNB Chain.
Myriad’s co-founder and President, Farokh Sarmad, stated the migration was “long overdue.” He cited the chain’s over $5 billion in TVL and millions of users as necessary to sustain the platform’s growth.
Earlier this year, Myriad became the first prediction market to integrate the USD1 stablecoin on its short-term markets. The partnership will enable a deeper integration with the BNB Chain ecosystem.
This tie-up supports Myriad’s transition from an automated market maker model to a Central Limit Order Book (CLOB). The CLOB will enable features like limit orders and dynamic fees for users.
“The CLOB is by far the most important update to Myriad,” said Farokh. He added that it will “unlock billions of dollars being able to be traded on our platform and 100x our user base.”
Simultaneously, Myriad is launching “Season 3” with what it calls game-changing updates. This includes the full rollout of the proprietary Myriad Wallet, built for speed and lower transaction costs.
Season 3 also introduces a revamped leaderboard and points structure based on multiple metrics. This lays groundwork for a future ecosystem where contributors can claim rewards.
“Season 3 will play the biggest role in what comes next,” said Farokh. He noted that even users who missed earlier seasons still have time to catch up.
