Analysts

Market analysts are the protocol participants responsible for validating a market's outcome based on a reputable source of results.

If a market depends on the result of a sports game, the result source may be the final score of that game as reported by a verified news outlet. Via this model, FORE indexes real-world outcomes via real-world people, creating a prediction protocol that is infinitely scalable and able to offer markets on any real world event. Analysts collectively act as a decentralized oracle by confirming outcomes on the protocol.

This role is critical to FORE Protocol (and its expansion into other solutions) because they act as the 'architects'; they are responsible for verifying a given outcome is accurate, reporting their findings to the blockchain, and ensuring that all payouts are correctly executed. Validators are given a trust score which indicates their ability to validate and allows them to earn greater protocol validation rewards. In order to maintain the healthy homeostasis of the protocol, analysts are incentivized with both positive and negative incentives to ensure that market results are validated accurately and in a timely manner.

VALIDATION PROCESS

In order for a user to verify the outcome of a market, the user must hold or mint an Analyst NFT. To validate a market, the Analyst will ‘vote’ their NFT on an outcome, at which point the NFT is sent to the market contract address and the NFT will be locked until the reward phase. The total power required for market verification is determined by the total market size (sideA + sideB predicted). In cases where there is a very large market but not enough validations to verify it early, that market will be validated after the verification phase is over.

REWARDS AND POWER

Rewards are provided for correct verification of markets. The reward is provided as additional power. Additional power cannot be bought, it can only be earned. Additional power can be withdrawn in the form of FORE tokens (which will reduce the power). The user cannot pay for the original power (power at mint). Analysts are rewarded in proportion to the power provided within their respective NFTs. Penalties for inaccurate validations also exist asymmetrically to guide user behavior. If the analyst makes an incorrect verification, their NFT is burned and all the accumulated FORE is released and divided between the dispute creator and high guard as a negative incentive for faulty validation is created as a result of inaccurate validation.

Learn how analysts earn rewards here.