Application: 9 Lives
Team: Superposition
Month: May 2025
Last month, we finally broke through to having our CPMM backend for 9lives released live. The results have been good! As well as making the model more flexible and versatile, it has also also unlocked more volume in the core user action (buying and selling) due to selling being built directly into the model. With the AMM and selling launched, we broke through the $50,000 first milestone.
This is the public version of a private update we provided the committee. The private update included a link to a private dashboard which included growth data.
| Description | Link |
|---|---|
| Open source source code | https://github.com/fluidity-money/9lives.so/tree/main/src |
| L2beat Superposition TVL | https://l2beat.com/scaling/projects/superposition |
| Description | Cost (in USD) |
|---|---|
| Internal development expenses (last two months) | $44,500 |
We succeeded in accomplishment our first milestone of $50,000 used as volume. The following are some insights on the product and its adoption:
Our user engagement and retention rates are comparable to industry peers among active users with adequate liquidity. Retention metrics at one week, one month, and three months align positively.
However, we've identified key areas for improvement. Our platform currently struggles to effectively engage specific user segments. For users unfamiliar with prediction markets—often drawn by gamification and token incentives—losses frequently lead to disengagement. Conversations with these users indicate that the prediction market format itself isn't inherently appealing to them.
Conversely, our smaller group of heavy traders, driven primarily by arbitrage opportunities and deep liquidity, face challenges with the limited liquidity per market and discovery hurdles, making the current environment less attractive compared to competitors.
Additionally, user-generated markets generally lack appeal and dilute scarce liquidity. Of the hundreds created, only around 80 markets were well-structured and resolved. The anticipated emergence of specialized market creators hasn't materialized, likely due to inadequate initial incentives and liquidity constraints that fail to trigger a sustainable cycle of creation and engagement.
To address these challenges, we are exploring targeted user segmentation strategies and improved liquidity solutions, aiming to enhance overall market appeal and stimulate active user participation.