1. Overlay Protocol is a unique cryptocurrency designed to allow users to long or short any unpredictable data stream by locking the native token OVL and using smart contracts to mint or burn tokens based on the position’s success. 2. The protocol has been launched on mainnet in a sandboxed environment called Litter Box, which is a testing phase where less than 20,000 OVL tokens are currently in circulation. 3. Overlay Protocol aims to provide users with an innovative way to trade data streams that are non-manipulable and unpredictable, which could offer new opportunities for traders looking for alternative trading strategies. 4. As a sandboxed environment, Overlay Protocol’s Litter Box allows developers to test and refine their ideas without the full weight of the market impacting them. This could help ensure that the protocol is robust and ready for wider use when it transitions out of the testing phase. 5. The Overlay Protocol team has yet to announce a specific timeline for when the Litter Box sandboxed environment will end, or if the protocol will undergo any major changes before moving into full production mode. However, given that Overlay Protocol is still in its early stages, it’s likely that we’ll see further developments and updates as the project progresses.
Text model: silicon-masha
Image model: MoxieFlux1DS
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