Azuro’s Betting Infrastructure: A Project Overview
Azuro is a crypto protocol that crafts smart contracts for seamless integration into the betting ecosystem, spanning from casinos and sports betting to bookmakers and beyond.
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Azuro's ecosystem offers a diverse range of applications, including but not limited to liquidity pools for staking stablecoins, betting platforms on Telegram, NFT betting experiences, and its crypto betting platform, Bookmaker.
The project has announced its own token, indicating that engaging with Azuro now could lead to a retroactive airdrop for its users. This article explores the Azuro protocol, outlining its strengths and potential areas for improvement.
Azuro Funding Details
According to Cryptorank, Azuro has secured $7.5 million from crypto funds including Delphi Capital, Arrington XRP Capital, Merit Circle, and Mask Network. These funding rounds were completed in January 2022, suggesting no public investment rounds have been initiated since.
With a broad array of betting services, Azuro may have concluded additional investment rounds not disclosed to the public.
Azuro Funding Details. Source: Cryptorank.io
Protocol Statistics
At the time of this article, the Azuro ecosystem's total value locked (TVL) surpasses $8.4 million. Its platform has seen $40 million in trading volume, with a user base of 20,300 people.
This data indicates a relatively low level of competition within the project, suggesting that a potential airdrop could benefit a smaller group of individuals, potentially increasing the reward for each participating wallet.
Azuro Ecosystem Statistics. Source: dune.com
Potential Airdrop and Point Accumulation
A primary way to accumulate points is through liquidity farming on Azuro’s official website. Apart from the prospective airdrop, users have the opportunity to earn up to an 18% annual yield:
Yields from Azuro’s Liquidity Farming. Source: azuro.org
Users can monitor their accumulated points on the dedicated points page, which currently highlights the top 500 liquidity providers. However, the overall participant count (as per Dune) approximates 3,800.
Azuro Score Leaderboard. Source: azuro.org
The Azuro ecosystem encompasses over 10 projects, with the most popular being the Bookmaker betting platform. This application allows users to place bets on sporting events through smart contracts, effectively functioning as a blockchain-based bookmaker.
Users can bet on sports events and earn points, which can later be converted into AZUR tokens.
Bookmaker’s Interface. Source: bookmaker.xyz
Funds can be deposited via the Polygon and Gnosis networks; access through other blockchains is not yet available. Recognizing the inherent risks in betting, bettors can adopt a delta-neutral strategy—placing bets on contradictory outcomes to hedge one bet against the other. For accurate position sizing:
- Consider tennis match odds of 2.9 and 1.38.
- Calculate the bet ratio as 2.9/1.38, equating to 2.101. This indicates that the volume of one bet should be 2.101 times greater than the other.
Such a strategy minimizes the transaction loss to 4-6% of the total betting volume, corresponding to the platform's cut. However, this approach is substantially more prudent than making blind bets based on luck.
Azuro scores, credited weekly to the user’s account, keep track of these points.
Azuro Score on Bookmaker. Source: bookmaker.xyz
Final Thoughts
Azuro emerges as a potent contender in the crypto airdrop arena. With a relatively small user base, significant backing from leading funds, and an unchallenged market position, Azuro has a unique edge. Unlike similar platforms such as Polymarket that lack their token, Azuro has the potential to lead in this domain.
Earning Azuro scores is straightforward and cost-effective, making it an opportunity worth engaging in.
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