DAWNMARK

Dawnmark is a permissionless market on private-company valuations. Wallet in, take a side: the last round underpriced it, or the last round was fiction. Nothing expires, so you can hold a position for years if that's how long the story takes. If the company lists, the market settles against the real listing price. If it never lists, it just keeps trading. Either way, someone finally has to be wrong out loud.

Reading trades.