🎋Root Markets
Paradox will host betting on long-term markets with the Root token.
Root is an Ethereum-native, permissionless ERC-20 wrapper that creates fungibility and composability for Beanstalk Silo Deposits.
Bean holders can deposit Beans in the Silo to earn yield in the form of a portion of new Bean mints. Beanstalk is the first stablecoin issuer that distributes the seigniorage of its stablecoin transparently and autonomously to holders of the stablecoin (Bean) itself.
Root provides a fungible and composable wrapper for Silo Deposits to be easily used in various on-chain markets.
In essence, this allows a bet on Paradox made in Roots to earn passive yield until settlement, removing the opportunity cost of making bets in markets that have a long duration (e.g., the World Cup). From an economics perspective, Roots are expected to significantly reduce the opportunity cost of providing liquidity on markets like Paradox.
Users who bet in Root pools will have exposure to Roots, not USDT.
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