What is Loss Shield?

The Loss Shield is a unique feature designed to help users recover their prediction costs in the event of an incorrect prediction. It must be activated at the time of making the prediction. Once a prediction is placed, the Loss Shield cannot be added retroactively. If activated successfully, your Prodds Predict NFT will display a Loss Shield logo, signifying that your prediction cost is protected.

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Who is Eligible for the Loss Shield Feature?

All users who have imported an NFT with available Loss Shields can activate this feature to protect their predictions from losses. Loss Shields are exclusive to specific Prodds-issued NFTs, each containing a set number of shields that refund the prediction cost if unsuccessful.

In the last Community Campaign 2024, users had the opportunity to acquire these special NFTs with Loss Shield functionality, and more events will follow to help users unlock this valuable feature.

Looking ahead, our upcoming Prophet Program will offer another way to access the Loss Shield feature, so stay tuned for more details!

How do we maintain fairness?

To maintain fairness for all participants, Loss Shields are allowed selectively based on the pool size. A prediction pool will accept the first Loss Shield once the Aggregate Pool Value exceeds 100,000 $RDM. Additional Loss Shields can be activated at each increment of 100,000 $RDM, on a first-come, first-served basis.