About the Bounty

Melee is a permissionless prediction market platform on Solana where anyone can create a market on anything.

This week, Melee released the litepaper for the PMM (Parimutuel Market Maker) — a brand-new market mechanism, and the first designed for permissionless markets. Prediction markets today run on CLOBs (order books), which need a platform to approve every market and a market maker to provide liquidity — which is why most markets people want never get to exist.

The PMM removes both requirements and solves the dilution problem that breaks traditional parimutuel systems, so early buyers are rewarded instead of punished as a market grows.

Evaluation Criteria

Your Mission: Become an expert on Melee's PMM and summarize your findings in a Twitter thread with 5+ tweets.

Your thread should educate a crypto-native reader on what the PMM is and why it matters. You don't need to cover everything — one sharp, accurate angle beats a shallow summary. Strong threads might explain:

• How prediction markets work today and where CLOBs fall short

• What a parimutuel is and why it needed to change

• The benefits of permissionless markets for creators

• The benefits of the PMM for traders and/or liquidity providers

• What becomes possible when markets don't need permission

Accuracy matters most (make sure you read the litepaper).

Depth

• Did you explore the background of the project and the mechanism (parimutuels, CLOBs, and where the PMM fits)?

• Does your thread accurately explain the key innovation — how the PMM solves the dilution problem and enables permissionless markets?

• Did you explain 1 or more of the key benefits of the PMM for creators, traders, or liquidity providers?

Writing Style

• Is your writing easy and fun to read?

• Did you avoid overly complex jargon?

• Did you explain concepts in a way a person new to crypto could understand?

• Original visuals, diagrams, and memes are a plus

Submission Requirements

• Tag @meleemarkets in your Tweet thread

• Content must be original

• One submission per person — submit the link to your published thread

Resources

• PMM Litepaper: https://pmm.melee.markets/

• PMM launch thread: https://x.com/meleemarkets/status/2079612449330749738

• Twitter: https://x.com/meleemarkets

Terms

Participation in this bounty is entirely voluntary. Bounties are a way to learn and dabble in opportunities to build in web3. These are neither full time jobs nor project based engagement.