What is Overlay Protocol?
Overlay Protocol is a decentralized platform built on Arbitrum, and offers users the ability to build positions on a market or data stream without traditional counterparties (liquidity providers or market makers) taking the other side of the position. The protocol can offer markets on ANY non-manipulable & non-predictable numerical data feed.
Initially, the token and markets were created on Ethereum. However, following a governance proposal, the community decided to transition to becoming a native Arbitrum protocol.