xParametric is a decentralized climate prediction market that enables individuals and organizations to transfer or invest in climate risks. It encourages participants to stay informed about climate change and foster a heightened sense of climate concern by giving them a direct stake in the outcome of climate-related events. This direct involvement incentivizes active engagement in climate action and reinforces the importance of addressing climate challenges.

Features

• Engage in Climate Risk Speculation or Insurance

Participants can trade outcome shares that represent climate risks such as rising sea levels, increasing temperatures and extreme weather events. xParametric's Fixed Product Market Maker (FPMM) facilitates the buying, selling and holding of these shares, enabling you to make decisions based on your own beliefs. Users and institutions can also transfer climate risks by participating in markets that are relevant to their climate risk exposure.

• Raising Climate Awareness

Participation in prediction markets has been shown to enhance awareness and concern about global warming. A recent study by Cerf, Matz, and MacIver (2023), published in Nature Climate Change, found that individuals who participated in these markets exhibited increased awareness and heightened apprehension about the impacts of global warming.

Funding for the xParametric project would accelerate platform development and enhance user experience. We are currently in closed alpha for selected testers and expect to launch our public version in 2024.

Links

Website | Twitter | Medium | Docs