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.
UMA Optimistic Oracle Hits 400K Onchain Assertions with 99.31% Accuracy Rate
The UMA Optimistic Oracle has processed over 400,000 assertions onchain, maintaining a dispute rate of just 0.69% - meaning 99.31% of assertions went unchallenged. **Key metrics:** - 400K+ total assertions secured - 0.69% dispute rate (99.31% undisputed) - Continued growth from 200K assertions in January The optimistic oracle model allows data to be posted onchain and assumed true unless disputed within a challenge period. The low dispute rate demonstrates the system's effectiveness at securing accurate information onchain. UMA's oracle infrastructure powers protocols like Across and oSnap, enabling trustless data verification across web3 applications.
Across Protocol Considers Transition from DAO to US C-Corp Structure
**Across Protocol**, a crosschain bridge and interoperability protocol secured by UMA, has released a temperature-check proposal titled "The Bridge Across" to gauge community sentiment on a significant structural change. The proposal explores whether Across should transition from its current DAO and token structure to a **U.S. C-corporation** model. This would involve: - A token-to-equity exchange program - A token buyout mechanism This represents a notable shift in governance philosophy, as the protocol considers moving from decentralized autonomous organization principles to a traditional corporate structure. The temp-check is designed to assess community interest before any formal governance vote. The proposal reflects broader conversations in the web3 space about optimal organizational structures for protocol sustainability and regulatory compliance.
Across Protocol Offers Fast, Cheap Crosschain Bridging Secured by UMA
**Across Protocol** provides a crosschain bridge solution focused on speed, cost-efficiency, and security. The platform serves both individual users bridging assets and developers building crosschain applications. **Key features:** - Fast transaction processing - Low-cost bridging - Secured by [UMA's optimistic oracle](https://uma.xyz) - Intent-based architecture The protocol uses UMA to settle crosschain transactions, repay relayers, and resolve disputes with minimal trust assumptions. This approach provides flexibility while maintaining decentralized verification. Across serves as a reference model for intent-based crosschain infrastructure in the web3 ecosystem.
UMA Secures Super Bowl LX Predictions on Polymarket
**UMA is providing oracle infrastructure for Super Bowl LX prediction markets on Polymarket.** The protocol will secure onchain outcomes for the full weekend of Super Bowl betting activity. UMA's optimistic oracle technology enables decentralized verification of real-world events for prediction markets. - UMA serves as the oracle layer verifying Super Bowl outcomes - Polymarket has seen over $67M in Super Bowl betting volume - The integration demonstrates growing adoption of decentralized prediction markets This continues UMA's role in powering the prediction market infrastructure stack.
MetaMask Integrates UMA-Secured Bridging and Predictions
MetaMask has integrated two major UMA-secured protocols directly into its wallet interface: - **Across Protocol** for cross-chain bridging - **Polymarket** for prediction markets Both services leverage UMA's optimistic oracle technology for security. This integration brings decentralized bridging and prediction market functionality directly to MetaMask users without leaving the wallet interface. The move represents a significant step in making DeFi infrastructure more accessible to mainstream users through familiar interfaces.