Increasing ckBTC Liquidity for Seers Prediction Markets
The Seers development team is requesting 7,350 ICP from the Seers DAO Treasury to significantly increase ckBTC liquidity within our Bitcoin-based prediction markets. Our goal is to raise our BTC collateral from 0.58 BTC to over 1 BTC, reflecting the growing scale of our platform, which now hosts thousands of active prediction markets.
This strategic move will expand the reach of Seers, improve market depth and stability, and help drive adoption of ckBTC as a reliable cross-chain asset within the broader DeFi ecosystem.
We plan to convert the ICP into ckBTC via the most efficient path available—either through on-chain mechanisms or trusted centralized exchanges—based on prevailing liquidity conditions. The ckBTC will be securely stored in an SNS-controlled canister and used exclusively for providing liquidity to Bitcoin-denominated prediction markets on Seers.
To maintain full transparency, we will integrate a dedicated dashboard within the Seers dapp, enabling the community to monitor ckBTC usage and on-chain activity in real time.
This initiative is designed not only to support Seers’ continued growth, but also to showcase the real-world utility of ckBTC, adding meaningful value to the Internet Computer ecosystem.
We deeply appreciate the trust and support of our community as we work to build a more open, decentralized, and interoperable Web3 future.