Overlay Price(OVL)

Overlay Protocol is a decentralized trading platform designed to facilitate trading on any predictable, non-manipulable data stream without conventional counterparties. By enabling users to build trading positions against the protocol itself rather than other market participants, Overlay creates a unique ecosystem characterized by decentralization and democratized access to a variety of trading opportunities. Its primary aim is to expand the horizons of what can be traded in the Web3 landscape, targeting not only cryptocurrencies but also broad-ranging data streams such as e-sports outcomes, NFT valuations, social metrics, and macroeconomic indicators.

The operational design of the platform revolves around a dynamic economic model, underpinned by the minting and burning of OVL tokens based on aggregate trading outcomes. Profitable trades result in the creation of new tokens, while losses lead to the destruction of existing ones. This innovative approach to token supply creates a unique feedback loop that intertwines user profitability with the token's economic health.