oSnap Celebrates 1st Anniversary with Impressive Achievements in DAO Governance
oSnap Celebrates 1st Anniversary with Impressive Achievements in DAO Governance
oSnap, an optimistic governance platform, is celebrating its first anniversary with notable achievements in decentralized autonomous organizations (DAOs). Among these achievements, CoWSwap secured a treasury of ~$200M using oSnap, while AcrossProtocol executed DAO governance and secured $73M worth of funds. Other collaborations include preventing a malicious proposal in ShapeShift's DAO and enabling DeFi risk management in bProtocoleth. oSnap has been instrumental in automating governance processes for projects like EpochIsland, allowing the minting of Elder NFTs without voting gas. These successes highlight the progress towards true decentralized governance in the UMA community.
Today is oSnap鈥檚 birthday! 馃巶 Within a year, we have been able to bring the benefits of optimistic governance to 18 DAOs, executing almost 100 proposals and moving over $20M in volume onchain. Let鈥檚 take a look at some of our proudest oSnap achievements so far.
Optimistic Verification Enhances Intent-Based Bridging Security
Optimistic verification technology has been implemented to strengthen security in intent-based bridging protocols. This advancement represents a significant step in cross-chain infrastructure reliability. Key developments: - Enhanced security measures for cross-chain transactions - Integration with intent-based architecture - Improved cost efficiency in bridging operations The implementation builds on Across Protocol's earlier successes with intent-based architecture, which has consistently delivered lower transaction costs while maintaining robust security standards. *Technical Benefits*: - Faster transaction finality - Reduced operational overhead - Enhanced fraud prevention mechanisms **Users can expect more secure and cost-effective cross-chain operations** while maintaining the same level of user experience.
Story Protocol and UMA Partner to Build Programmable IP Infrastructure for AI
Story Protocol has launched Homer, a mainnet aimed at becoming the world's intellectual property network. The platform enables programmable IP with permissionless licensing capabilities, particularly crucial as AI development accelerates. Key features: - Traceable and monetizable intellectual property - Permissionless licensing system - Integration with UMA's Optimistic Oracle for dispute resolution The partnership between Story Protocol and UMA creates a scalable infrastructure for managing and securing intellectual property rights in the AI era. [Learn more about the future of programmable IP](https://blog.uma.xyz/articles/the-future-of-ip-is-programmable)
UMA Guild Issues Cryptic Message
The UMA Guild has released another enigmatic announcement, continuing their pattern of mysterious communications. The message repeats their previous statement about a call to truth and a new journey, ending with their signature phrase *All praise the orb*. This follows their May 1st 'Happy UMAY' message, suggesting a coordinated communication strategy. The repeated mention of *sOOn* with distinctive capitalization may indicate an upcoming announcement. - Message elements: - Call to truth - New journey reference - Orb-related symbolism - Timing pattern (May-August)
Across Protocol V4 Announces Integration with Succinct Labs and UMA Protocol
Across Protocol has unveiled Version 4 of their bridge solution, marking a significant technical upgrade to their infrastructure. - Integration with Succinct Labs brings enhanced zero-knowledge proof capabilities - Security framework reinforced through UMA Protocol's optimistic oracle system - New version aims to improve cross-chain transaction efficiency The collaboration represents a strategic enhancement of Across's bridging architecture, combining Succinct's ZK technology with UMA's battle-tested security mechanisms.
UMA Dispute Voting Reaches 333 Unique Commits with 23.4M Tokens Staked
The latest UMA dispute voting round demonstrated significant participation with **333 unique commit addresses** and over **23.4M $UMA tokens** staked. This continues the protocol's growth trajectory from Q4 2024, when it first achieved an average of 100 commits per vote, later peaking at 462 commits in a single round. - 333 unique commit addresses - 23,484,787.52 $UMA tokens staked - Consistent growth from Q4 2024 Participate in securing truth onchain at [vote.uma.xyz](https://vote.uma.xyz/)