DeepBook launches on-chain prediction market infrastructure 'Predict' on testnet

DeepBook Protocol (DEEP), a dApp in the Sui (SUI) layer-1 blockchain ecosystem, has announced the testnet launch of DeepBook Predict, its on-chain options and prediction market infrastructure. Predict is an options primitive that can be combined with DeepBook's spot and margin features, supporting the creation of binary markets, call and put options, leveraged products, and structured products. DeepBook explained that it has implemented an institutional-grade options pricing model on-chain through an options oracle developed in collaboration with Block Scholes. The protocol added that Predict integrates with its margin function to enable leveraged positions and supports transaction finality under 400ms on the Sui network. "The on-chain options market TVL is currently around $100 million, which is still an early stage," DeepBook stated, adding that "Predict will accelerate the expansion of DeFi options infrastructure."