TLDR
- Gensyn launched Delphi as an AI-settled information markets platform on its Ethereum Layer 2.
- Market creators earn 1.5% of total volume in USDC if a market settles successfully.
- Gensyn charges a 0.5% protocol fee that will buy and burn part of its AI token.
- Delphi uses fixed AI model weights and a reproducible execution environment for verification.
- Delphi opened trading to all users, while market creation remains invite-only at launch.
a16z crypto-backed Gensyn has launched Delphi, an AI-settled information markets platform built for creator-owned markets. The product opens trading to users, while market creation starts on an invite-only basis. Gensyn says Delphi is designed for niche markets that larger platforms may not list.
Gensyn launches Delphi with creator fees and AI settlement
Gensyn introduced Delphi as its main product for decentralized information markets. The platform runs on Gensynās AI infrastructure network. That network operates as a Layer 2 on Ethereum using the OP Stack.
The company said creators can build markets and earn fees from trading activity. Ben Fielding, Gensyn co-founder and CEO, said, āA creator earns 1.5% of all of the volume in the market as a fee when the market successfully settles.ā
Fielding said the fee is paid in USDC after a market settles. He added that creators are rewarded for asking useful questions that attract real trading signals. Trading on Delphi is open to all users from launch.
Gensyn said Delphi is not focused on the same market set as Polymarket or Kalshi. Fielding said, āThe strategy is to open up an entirely new category of niche, creator-owned markets that those platforms would never build.ā
How Delphi works and how markets are verified
Gensyn said Delphi settles markets with AI rather than a human operator. The market creator selects an AI model before launch. According to Fielding, the model weights are fixed at that point.
The company said this setup lets users verify how an outcome was reached. Gensyn uses its āreproducible execution environmentā to make the process repeatable across different systems. Fielding said, āUsing REE, machine learning decisions can be fully audited and verified.ā
Gensyn described Delphi as an information market, not a prediction market. It said no single central party controls a market after it goes live. It also said revenue is sent to creators automatically in USDC.
Participants can earn a multiple on their trade if their information is correct. They can also lose their stake if their information is wrong. Fielding said the early market design is built to balance itself without outside market makers.
Token model, funding and launch timeline
Gensyn said Delphi is tied to its yet-to-launch AI token. The protocol charges a 0.5% fee on all volume. Fielding said that fee will be used to buy the AI token and burn part of it.
He said the model is meant to connect platform activity with token value. Fielding declined to give a launch date for the token. He said the fee system is part of a broader network model.
The company said Delphi recorded āmillionsā in trading volume during its testnet. That testnet started in December. Gensyn expects a mainnet launch in the coming weeks.
Gensyn has raised more than $78 million since 2020. Its backers include a16z crypto, Galaxy Digital, and CoinFund. Fielding said the Gensyn Foundation raised $16.14 million in commitments in December.
