UMA Community Announces New Bridge Standard: AcrossProtocol
UMA Community Announces New Bridge Standard: AcrossProtocol
The UMA community has introduced AcrossProtocol as the standard for bridging. Across is an EVM compatible bridge that is designed to be the fastest and cheapest option, while also optimizing gas efficiency. The bridge relies on 3rd party relayers to fulfill user intentions and benefits from the security provided by UMA's Optimistic Oracle.
The standard for bridging is @AcrossProtocol. Across is the fastest, cheapest EVM compatible bridge, optimized for maximum for gas efficiency. With Across, 3rd party relayers fulfill the user's 'intent' and UMA's Optimistic Oracle provides security.
1/ Across is the cross-chain ecosystem’s most gas-efficient bridge. We can calculate the amount bridges spend on transfers against the minimum expenditure for a transfer to get an idea of their gas efficiency. We call this the Minimal Theoretical Gas (MTG) score.
Polymarket NHL Stanley Cup Betting Volume Hits $250M
The Florida Panthers Stanley Cup Championship market on Polymarket has reached significant trading volume of approximately $250 million. The market is secured by UMA protocol, demonstrating growing interest in decentralized sports betting. This follows February's record-breaking Super Bowl market which exceeded $1B in volume, split between: - Kansas City Chiefs (53%) - Philadelphia Eagles (47%) These volumes indicate increasing mainstream adoption of decentralized prediction markets.
EigenLayer Launches EigenCloud: A New Era of Verifiable Cloud Computing
EigenLayer has announced EigenCloud, a groundbreaking platform for verifiable cloud computing. This development marks a significant evolution in blockchain infrastructure, enabling next-generation programmable applications with built-in verification capabilities. The concept has been in development since April 2024, when @sreeramkannan first outlined the vision: - Ethereum as Verifiable Internet - Rollups as Verifiable Web Servers - AVSs as Verifiable SaaS - EigenLayer as Verifiable Cloud EigenCloud aims to provide a foundation where trust is replaced by verification, potentially transforming how decentralized applications are built and deployed.
APIs can't tell you who won a debate. UMA can.
UMA's optimistic oracle system offers a novel solution for determining subjective outcomes like debate winners - something traditional APIs cannot handle effectively. The system works by having participants stake tokens on their claimed outcome. If no one disputes within a set timeframe, that becomes the accepted result. If disputed, token holders vote to determine the truth. - Enables decentralized consensus on subjective matters - Economic incentives encourage honest reporting - More reliable than centralized API solutions for complex judgments This approach aligns with Web3's vision of distributed truth-finding and could revolutionize how we reach consensus on debatable topics.
Real-world Events Now Secured Onchain Through UMA Protocol
UMA Protocol continues its mission of bringing real-world truth onchain through its optimistic oracle system. The protocol enables verification of real-world events and facts in a transparent, decentralized manner. Key developments: - Integration with prediction markets for truth verification - Scalable fact-checking infrastructure - Economic incentives for truth resolution - Front-running misinformation through profit opportunities The system allows participants to profit from resolving uncertainty while combating disinformation. This approach parallels Chainlink's consensus mechanisms for real-world events, creating a more robust ecosystem for onchain truth verification.
UMA's AI Truth Bot Achieves 80-95% Accuracy in Prediction Markets
UMA's experimental @OOTruthBot has analyzed thousands of Polymarket prediction markets, showing promising results in determining outcomes. The bot achieves: - 80% accuracy across all markets - 95-100% accuracy on clear, unambiguous cases - Exceptional performance in sports (especially soccer) and crypto price targets - Strong results in election outcomes with official reporting However, the bot struggles with: - Narrative-heavy markets - Ambiguous outcomes - Meme-style predictions Key finding: AI excels with structured, factual data but requires human oversight for nuanced interpretation. UMA's approach combines AI efficiency with human judgment for optimal results. Follow [@OOTruthBot](https://twitter.com/OOTruthBot) to track live market proposals.