The problem WiseBets solves

WiseBets addresses the challenge of fragmented liquidity across blockchain networks, particularly for the Base ecosystem. It provides a seamless, user-friendly platform for opinion trading and prediction markets that bridges multiple chains, bringing increased liquidity and user engagement to Base.
By leveraging Chainlink's Cross-Chain Interoperability Protocol (CCIP), WiseBets allows users from various networks to participate in prediction markets on Base, thereby increasing capital flow and activity on the network. This cross-chain functionality solves the problem of siloed ecosystems and limited user bases that many blockchain projects face.
Furthermore, WiseBets makes blockchain-based prediction markets accessible to a wider audience, including those new to crypto. Its intuitive interface and integration with Farcaster frames lower the entry barrier, solving the usability issues that often deter mainstream adoption of decentralized applications.
The platform also addresses the need for reliable, tamper-proof data in prediction markets by integrating Chainlink Price Feeds. This ensures fair and accurate settlement of bets, solving the trust issues inherent in many existing betting platforms.
By focusing on Base and facilitating cross-chain interactions, WiseBets contributes to the growth of the Base ecosystem, helping to establish it as a hub for decentralized finance and opinion markets.

Challenges I ran into

During the development of WiseBets, we encountered several challenges:

Cross-chain integration: Implementing Chainlink CCIP to enable seamless token transfers between different networks, especially integrating Base, was complex. We had to ensure that transactions were secure and efficient across all supported chains.

User experience optimization: Creating a smooth, intuitive interface that could handle multi-chain interactions without overwhelming users was challenging. We focused on simplifying the betting process and token bridging, particularly for users new to the Base ecosystem.

Farcaster frame limitations: We faced restrictions while building transaction frames for Farcaster, as it supports a limited number of chains. Overcoming this to provide a seamless experience for Base users required creative solutions and optimizations.

Smart contract security: Ensuring the security and efficiency of our smart contracts across multiple networks, including Base, required rigorous testing and auditing. We had to carefully design our contracts to handle cross-chain interactions safely.

Scaling for multiple networks: Deploying and maintaining the platform across various networks while keeping Base as a focal point presented operational challenges. We had to optimize our deployment processes and ensure consistent performance across all chains.

To overcome these challenges, we iteratively refined our architecture, conducted thorough testing, and leveraged the strengths of each integrated technology, particularly focusing on Base's capabilities and ecosystem.