A new automated trading bot for Polymarket just launched and I’m in early with $50 USDC.e.
It’s called PolyWizard (polywizard.fun), and after talking to the creator for a few days, I decided to test it myself. It’s been live less than a week, but the approach is clever enough that I wanted to be an early adopter.
PolyWizard
Try PolyWizard →Highlights
- Automated hedging on Polymarket
- Kelly Criterion position sizing
- 7-day lock, harvest profits anytime
How It Actually Works
This isn’t traditional arbitrage where you find mispriced markets. It’s a hedging strategy:
- Bot buys first leg when it hits ~65-70¢ (the expensive side)
- Waits for the other side to decay as the market moves
- Buys the second leg to hedge and lock in profit
Example:
- YES hits 66¢ → Bot buys YES
- Market moves, NO decays to 27¢
- Bot buys NO at 27¢
- Total cost: 93¢
- Payout at settlement: $1.00
- Guaranteed profit: 7¢ per share
Instead of selling the first leg for profit, it hedges both sides. This creates a risk-free position once both legs are filled.
The whitepaper claims 87.6% completion rate. Right now it’s showing 28 completed trades with 100% completion and +$56.90 net profit. (*at the time of writing this)
The Vault System (It’s Like Baked Beans, But Not a Ponzi)
If you remember the “baked beans” vaults from DeFi summer, this has similar mechanics—but with actual income from trading instead of just recycling deposits.
You deposit USDC.e (bridged USDC on Polygon) and it converts to “mana” which becomes “wizards.” The gamification is honestly fun. Wizards generate more mana over time, which you can harvest as USDC.e or compound.
50% of your deposit goes to the trading bot. The other 50% stays in the vault as liquidity for withdrawals.
Key detail: Your principal is locked for 7 days. This is actually a good thing—it keeps the bot stable and prevents panic exits. The old baked beans vaults wouldn’t let you withdraw principal at all, so a 7-day lock with full withdrawal rights is way better.
Current Performance
It’s trading BTC 15-minute prediction markets right now:
- 28 completed trades
- 100% completion rate (no stranded legs yet)
- +$56.90 net profit
- Average 10% margin per trade
These are strong early numbers. But it’s only been live a few days, so I’m watching it closely.
Fees: 25% on Profits
The bot takes a 25% cut of trading profits.
If the bot makes $100, you keep $75.
That’s steep compared to most DeFi protocols. But if it’s consistently hitting 10%+ margins with high completion rate, the net return after fees still beats manual trading.
No fees on harvesting your profits, which is nice.
What I Like
The strategy makes sense. Buying the expensive side first and waiting for the cheap side to decay is mathematically sound. Cheap legs usually get cheaper as expiry approaches—they’re cheap because they’re probably wrong.
The 7-day lock is smart. It prevents the “bank run” problem that killed most yield vaults. Your capital stays deployed so the bot can execute its strategy.
Transparent on-chain. The smart contract is public on Polygonscan (0x364dFFFaf886A88978202E594618e5708C070a8f). You can verify everything it’s doing.
Active development. I’ve been talking to the creator. Plans to add more markets (NFL, NBA, politics) and refine the strategy over time. It’s one guy running this, not a team—which means decisions happen fast.
The gamification is fun. Wizards and mana is cheesy, but it makes checking your position more engaging than staring at boring vault numbers.
PolyWizard
Try PolyWizard →Highlights
- Automated hedging on Polymarket
- Kelly Criterion position sizing
- 7-day lock, harvest profits anytime
What to Know Before Depositing
It’s early. Less than a week live. No security audit from a major firm. The smart contract is non-upgradeable, so any bugs are permanent.
7-day principal lock. You can harvest profits anytime, but your original deposit is locked for a week. (I see this as a feature, not a bug, but some people want instant liquidity.)
It’s USDC.e, not native USDC. You need bridged USDC on Polygon. If you only have native USDC, you’ll need to bridge it first.
Loss socialization. If the bot loses money, everyone shares the loss proportionally. If the vault takes a 10% drawdown, your $100 deposit drops to $90.
Only invest what you can afford to lose. This is DeFi. Smart contracts carry risk. The strategy could stop working if Polymarket changes fee structures or bans automated trading.
Useful Resources
The Telegram channel is active and helpful. Creator is responsive to questions.
The whitepaper at polywizard.fun/whitepaper.pdf is actually well-written. 13 pages with mathematical proofs, Kelly Criterion position sizing, and backtest data. Worth reading if you’re going to deposit.
My Approach
I put in $50 to test the mechanics. I want to see:
- Does the completion rate hold above 80%?
- Does it maintain 8%+ margins after fees?
- How does it handle stranded legs (first leg fills, second doesn’t)?
If performance stays strong for 90 days, I’ll add more capital. For now, I’m treating this as a small allocation to a high-risk, high-potential-return strategy.
The creator has plans to expand to more markets and refine the strategy. I like being early on something with real potential.
Should You Try It?
If you’re comfortable with:
- Smart contract risk
- 7-day principal lock
- Early-stage protocols
- DeFi volatility
Then PolyWizard is worth testing with a small amount ($10-$50).
Start small. Watch how it performs. See if you like the mechanics. Then decide if you want to add more.
PolyWizard
Try PolyWizard →Highlights
- Automated hedging on Polymarket
- Kelly Criterion position sizing
- 7-day lock, harvest profits anytime
Related:
Disclosure: I’m an early adopter with $50 deposited. This is my analysis, not financial advice. Only invest what you can afford to lose. DeFi carries risk.