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 Doubles Minimum Stake Requirement for Voting Gas Rebates to 1000 Tokens
**UMA increases voting participation barrier** Starting November 1st, UMA voters need to stake **1000 $UMA tokens** (up from 500) to qualify for gas rebates. This follows the initial introduction of minimum staking requirements in February 2025, when rebates shifted from universal coverage to requiring 500+ tokens. **Key changes:** - Minimum stake doubles from 500 to 1000 $UMA - Gas rebate eligibility becomes more restrictive - Change reflects ongoing cost management efforts The adjustment continues UMA's strategy to control rebate expenses, which previously surged 5x since July 2024. Full details: [docs.uma.xyz/using-uma/votin](https://docs.uma.xyz/using-uma/votin)
UMA's Optimistic Oracle Secures Polymarket with Real-World Data
**UMA's Optimistic Oracle** brings real-world data onchain to secure prediction markets like Polymarket. The system works through **three key steps**: - **Proposal**: Event outcomes are submitted to the oracle - **Challenge Period**: Proposed outcomes can be disputed within a set timeframe - **Resolution**: Challenged outcomes trigger decentralized dispute resolution This **decentralized approach** eliminates single points of failure, ensuring fair and trustworthy market outcomes through consensus rather than centralized control. **Key achievements**: - Resolved over **10,000 markets** for Polymarket - Secures multiple prediction platforms including poly_bet, ForeProtocol, and predictdotfun The Optimistic Oracle addresses prediction markets' core challenge: **accurately determining real-world event outcomes onchain** while maintaining decentralized integrity.
UMA Voting Platform Restored After Technical Issues
UMA has resolved technical issues that prevented votes from displaying in their dApp frontend. **Key Points:** - Voting functionality has been fully restored - Users can now participate in the current voting round - Platform offers up to 17% APR for staking and voting **What You Can Do:** - Visit [vote.uma.xyz](https://vote.uma.xyz/) to participate - Stake tokens to earn rewards while voting - Don't miss the current voting round The fix ensures voters can once again access UMA's oracle governance through the main interface.
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/)