What is Overlay Protocol?

Overlay is a decentralized protocol that allows users to build positions on various markets or data streams without needing traditional liquidity providers or market makers. The platform supports markets based on non-manipulable and non-predictable data feeds, enabling unique trading opportunities in areas like hash rates, NFT floors, and social tokens. Users trade by locking the platform's native token, OVL, as collateral, with profits or losses settled in OVL.