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XO Market raises $6 million in seed funding to launch a prediction market and a vault for liquidity provision built by users.
XO Market has just completed a $6 million seed round with the participation of 20VC, Picus Capital, and Coinbase Ventures.
This prediction platform reports having attracted over 30,000 users, more than 600 active markets, and a total trading volume exceeding $150 million since the mainnet launch.
XO also plans to launch the “XO Vaults” product, allowing users to contribute liquidity to prediction markets based on strategies or categories such as sports and politics. The targeted annual yield is approximately 8% to 10%.
This product aims at a form of passive market-making participation, with a mechanism similar to “copy trading.” No specific deployment timeline has been announced yet.
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